Conventional Mortgages

With competitive interest rates and affordable monthly payments, these mortgages are a great way to buy a first home, finance a second or refinance your existing mortgage.

For a limited time: We’re waiving our application fee through December 31, 2022. Plus, we have no loan origination fee* and no document preparation fee!

We offer a number of conventional first mortgages, including:

Fixed-Rate Mortgages

10- to 30-year terms (in five-year increments) available on primary residence.

Adjustable-Rate Mortgages

30-year 5-6 and 7-6 adjustable loans available on primary residence. (The initial fixed-rate period is five or seven years and then adjusts every six months).

Vacation Property loans

10- to 20-year terms (in five-year increments).  30-year term available if you plan to retire to the property.

We offer conventional first mortgages in all 50 states. If you are financing outside of our standard lending area of PA, NJ, DE, MD, or FL, please call a Mortgage Professional at 215-934-3505.

Mortgage Settlement Asisstance Program

Mortgage settlement assistance up to $2,000.00 may be offered to first-time homebuyers purchasing a single family primary residence in Philadelphia or Bloomsburg, PA (Columbia County). This program applies to conventional first mortgage loans only (no FHA loans) and eligibility and household maximum income requirements do apply. The maximum Philadelphia household income for 2022 is $105,400.00 and for Bloomsburg (Columbia County), the maximum household income is $74,000.00. Household incomes above these amounts are not eligible for this program.

Ready To Refinance Your Existing Mortgage?

Refinancing your mortgage can possibly lower your monthly payments and save you money each month. It can also help you pay your loan off faster. Our Mortgage Professionals can go over your options with you to find the best fit for your home loan refinance.

Make The Homebuying And Selling Process Easier

With PFCU’s HomeAdvantageTM program, you can rest assured knowing that we’ll provide you with the tools and resources you need to find a home that fits your budget.

Compare your Options

Conventional Mortgage

FHA Home Loans

Down Payment


All of the funds can be a gift from a family member. Minimum borrower contribution required when using some grant programs.


All of the funds can be a gift from a family member

Minimum Credit Score

Varies by loan program

Varies by loan program


Rates are determined by the lender based on guidelines/credit criteria.

Rates are determined by the lender based on guidelines/credit criteria.

Mortgage Insurance

Private Mortgage Insurance is required with less than 20% down.

Upfront mortgage insurance premium can be added into the loan + monthly mortgage insurance premium.


Can be primary, investment, or secondary residence

Primary residence only

Sellers Assistance

Varies by down payment

Seller can assist with closing cost up to 6%.

Property Locations

In all 50 states



10 - 30 years (5 year increments)

Up to 30 years

Loan Limits

Loan limits vary based on # of units, county, etc.

Loan limits vary based on # of units, county, etc.

Products Offered

Fixed Conventional and 5/6 and 7/6 ARM (Adjustable Rate Mortgage)

Fixed & ARM Programs

Want to talk to someone?

Call our Mortgage Department at 215-934-3505 to talk with a PFCU Mortgage Professional about financing and refinancing options.

Want to apply?

Call 215-934-3500 or 800-832-PFCU to discuss your options and schedule an appointment.

*If you are applying for a pre-approval, purchase or refinance, a credit report fee will be collected to cover the cost for the credit reports. This fee will be credited toward closing costs.

We will accept your application online even if you are not currently a member. All borrowers on the application will be asked to qualify for membership. Prior to your loan closing, you will be asked to open a qualifying account. Residency restrictions apply.

Conventional First Mortgages are issued in PA, NJ, DE, MD and FL only. Conventional First Mortgage rates quoted are for our standard programs.

Cash out refinance transactions are priced accordingly.

Offer of credit is subject to credit approval. 

* Excluding any required origination points.

FHA Home Loans vs. Conventional Mortgages

Based on your needs and financial status, you may qualify for a conventional mortgage, FHA Home Loan, or both. So, which is better for you? Review the chart below to understand the key differences between a Conventional Mortgage and an FHA Home Loan, including the requirements, down payment, and rates.

National Association of Federal Credit Unions 
PFCU is a proud member of the National Association of Federal Credit Unions
National Credit Union Administration 
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.
Equal Housing Lender 
We do Business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

We provide links to external websites for your convenience. Philadelphia Federal Credit Union does not endorse and is not responsible for their content, links, privacy or securities policies.

Please note that the amount of money contained in your investment accounts are considered non-deposit products and therefore, are not NCUA insured, not credit union guaranteed, may lose value, are not guaranteed by any government agency. Securities, Financial Planning and Insurance products are offered through LPL Financial, and its affiliates, Member FINRA, SIPC. LPL Financial and Philadelphia Federal Credit Union are independent entities.