Mortgages
Helping you get into your dream home is one of the ways we’re here to be your trusted financial partner. Welcome to competitive rates, personal service, and peace of mind.
Ready to Buy a Home?
Options for first-time homebuyers to existing owners:
- First-Time Homebuyer Program1
- Fixed- and Adjustable-Rate Mortgages
- Jumbo Fixed- and Adjustable-Rate Mortgages
Looking to Refinance?
Refinancing your home can help you:
- Lower your monthly payment
- Shorten your loan term
- Access your equity and cash out
Build with a Construction Loan
Our construction loans have great features:
- Down payment as low as 10%2
- Low origination fee
- No cost for appraisal, processing and underwriting, build draw inspections, credit report, or flood certification
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Ready to Buy a Home?
Options for first-time homebuyers to existing owners:
- First-Time Homebuyer Program1
- Fixed- and Adjustable-Rate Mortgages
- Jumbo Fixed- and Adjustable-Rate Mortgages
-
Looking to Refinance?
Refinancing your home can help you:
- Lower your monthly payment
- Shorten your loan term
- Access your equity and cash out
-
Build with a Construction Loan
Our construction loans have great features:
- Down payment as low as 10%2
- Low origination fee
- No cost for appraisal, processing and underwriting, build draw inspections, credit report, or flood certification
$5003 Off Mortgage Origination Fee for First-Time Homebuyers
First-time homebuyers can qualify to receive $500 off mortgage origination fees from May 1, 2025-July 31, 2025, when you meet promo requirements.
Who Qualifies as a "First-time Homebuyer?"
A first-time homebuyer is a person who is buying a principal residence for the first time, or who has not owned a home in the last three years.
The mortgage applicant must be a first-time homebuyer. However, they do not have to apply for a mortgage through our First-Time Homebuyer program. All our mortgages are eligible for this promotion. As long as the applicant selects that they are a first-time homebuyer in the application and meets all promo requirements, they can qualify to receive the discount.
For current mortgage rates, please contact one of our mortgage consultants at 800.237.7328, extension 3878.
How to Get a Mortgage with PSECU
Have questions before you begin? Contact one of our mortgage consultants today at 800.237.7328, extension 3878. Our mortgage consultants are here to help you every step of the way.
Make a Plan with Our Mortgage Calculators
Choosing a home loan is an important decision. With our calculators, you can crunch the numbers - and get that much closer to the right home.
Calculate Your Mortgage Payment
Calculate How Long You'll Need to Save for a Down Payment
Home ownership is a reality with PSECU’s First-Time Homebuyer mortgage1. Up to 100% financing and no PMI required.
Browse Common Questions
Our Mortgage Process
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After you submit your mortgage application, a PSECU mortgage consultant will review your application. We’ll answer any questions you may have and, if you're qualified, provide you with a prequalification letter if you’re purchasing a home. The prequalification letter lets you know exactly how much house you can afford and helps you make a strong bid to the seller.
Once you find the right house and go under contract, we can move forward in the loan process. At this time, you provide more detailed financial information. Throughout the process, our mortgage consultants will keep you up to date regarding the status of your loan to make sure everything is on track. After closing, we’ll service your loan through the life of your mortgage. -
We will finance properties that are:
- Located in the state of Pennsylvania
- Recorded with PSECU listed as first lien holder. The property secures your mortgage loan.
- Titled after purchase in the name(s) of individual(s), not a trust
- Owner-occupied homes, vacation homes, or residential non-owner occupied properties with one, two, three, or four units. Some exceptions apply.
- Condominiums or residences within a Planned Unit Development (PUD) that meet certain criteria. Please contact our mortgage consultants for more information.
- Single-wide manufactured homes
- Timeshares
- Not in acceptable marketable condition
- Non-owner-occupied condo or manufactured homes
- Located outside Pennsylvania
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You may request to waive an escrow account if the loan-to-value (LTV) is 80% or lower, taxes and insurance have been paid timely in the past, and you have the ability to pay them on your own.
Mortgage Definitions
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Fixed-rate mortgages have a fixed interest rate for the life of the loan. The monthly payment for principal and interest on a fixed-rate loan stays the same every month for the term of the loan.
You have the option to buy down the interest rate by paying discount points upfront. You can choose to lock in your interest rate once you’ve signed a sales agreement, or wait until closer to closing. -
Our adjustable-rate mortgages (ARMs) offer a competitive starting rate that is fixed for either 1, 3, 5, or 7 years, depending on the terms of the loan. After the initial fixed period, and each year thereafter, the interest rate will either remain the same, increase, or decrease based on the current rate environment at that time. Caps for the adjustable-rate mortgages are 1/5, which means your interest rate will not adjust more than 1% up or down per year after the initial fixed-rate period. The rate will increase no more than 5% from the initial rate over the life of the loan. Contact us to discuss your specific situation.
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Each point is equal to one percent of the loan amount. The cost of points is added onto closing costs and may buy down to a lower interest rate than what is posted. Please contact a mortgage consultant for more information.
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Private Mortgage Insurance (PMI) is generally required for loans with a loan-to-value (LTV) ratio greater than 80%. This coverage helps protect the lender in case you can't make your payments and default on the loan. PMI makes it possible for borrowers with small down payments to buy a home.
Achieve More with PSECU
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1Additional options for first-time homebuyer products/terms available. PMI may be required. Contact one of our mortgage consultants to find out which one is right for you.
2Financing up to 90% LTV is available except on 1/1 Jumbo Construction ARM’s, which are limited to 80% LTV. Amounts greater than 80% LTV are subject to private mortgage insurance requirements. Principal and interest payments will apply during the permanent phase of financing after the construction period ends. Construction financing only applies to Primary Residences and 2nd homes. Construction loans do not apply to modular, prefabricated, or panelized dwellings. Construction loan terms cannot be combined with the First Time Homebuyer Program. Additional restrictions may apply. Please contact us for specific rate information, mortgage loan limits, or down payment requirements at 800.237.7328, extension 3878.
3Mortgage Origination Fee Discount Offer Terms and Conditions. From 5/1/2025 to 7/31/2025, PSECU is running an origination fee discount offer of $500 for first-time homebuyers. A first-time homebuyer is defined as someone who is buying a principal residence for the first time, or who has not owned a home in the last three years. To receive $500 off the origination fee, the applicant must apply for a new mortgage loan with PSECU between 5/1/2025 and 7/31/2025 and select that they are a first-time homebuyer within the loan application, close the mortgage loan with PSECU anytime thereafter on the primary residence, and satisfy each of the requirements listed below. Promotion open to U.S. Residents who are 18 years of age or older at the time of applying for a mortgage loan for a property located within Pennsylvania. Limit one (1) origination fee discount offer per mortgage loan. The decision to award the discount is solely within PSECU’s discretion, and all decisions made by PSECU shall be final. PSECU may terminate or change the terms and conditions of this promotion without notice. Subject to all applicable federal, state, and local laws and regulations. Applicant must provide all required documentation to complete loan application and must be a PSECU member or become a PSECU member. Approval for mortgage loan is subject to PSECU underwriting criteria.