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.

Adjustable-Rate Mortgages

An adjustable-rate mortgage (ARM) offers flexibility in higher interest rate markets. With an ARM, the interest rate changes periodically, usually in relation to an index, and payments may increase or decrease accordingly.

PSECU offers 1-, 3-, 5-, and 7-year ARMs which means the monthly payment and interest rate will be locked in for the initial period and may change annually thereafter. For example, a 1-Year ARM has a fixed rate for the first 12 months and then may change annually. After the initial 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. The maximum the rate can increase or decrease in any one year is 1%, and over the full term of the mortgage the rate can only increase by a maximum of 5% over the original interest rate.

 

Benefits of a Home Loan With Us

At PSECU, you'll find a wide variety of mortgage loan products, customized service, and experts to guide you through the mortgage application process. You can complete your application online, at your convenience – and if you have questions, our trained mortgage consultants are here to help or take your application by phone.

Competitive Rates

Flexible loan terms and rates that work for your situation.

Quick Prequalification

Get answers by the next business day. Prequalification is valid for 90 days, providing you enough time to find the perfect home.

A Partner For Life

Don’t buy just to get sold. Your loan servicing stays with PSECU for its duration.

Choices to Fit Your Needs

Every situation is unique. It's why we offer mortgage options for owner-occupied, vacation, and non-owner-occupied properties, as well as jumbo and construction loans.

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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.

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Calculate your mortgage payment

Wondering how much you’ll pay each month and which options to choose? Compare loan terms, interest rates, and costs to get a solid estimate.

Calculate your payment >

Fixed Mortgage Rates

Valid as of 02/2/2023 11:39 PM EST 
Description Rates As Low As APR* Monthly Payment Example
10 Year Fixed Rate 5.000% 5.198% $10.61/per $1000.00
15 Year Fixed Rate 5.000% 5.139% $7.92/per $1000.00
20 Year Fixed Rate 5.375% 5.486% $6.82/per $1000.00
25 Year Fixed Rate 5.875% 5.971% $6.38/per $1000.00
30 Year Fixed Rate 5.875% 5.960% $5.92/per $1000.00


Additional terms and rates are available with the purchase of points. Please contact a mortgage consultant for more information at 800.237.7328 ext 3878.

*APR denotes Annual Percentage Rate.

Rates, terms, and information are subject to change at any time. Rates and/or points are based on several factors including but not limited to: property type, loan to value, loan purpose, occupancy, credit score, and subordinate financing. Rates apply to loans up to Fannie Mae’s conforming mortgage loan limits. Mortgage loan payment example: 10 year fixed 0 points of $10.61 per $1,000 borrowed at the 5.198% APR; 15 year fixed 0 points of $7.92 per $1,000 borrowed at the 5.139% APR; 20 year fixed 0 points of $6.82 per $1,000 borrowed at the 5.486% APR; 25 year fixed 0 points of $6.38 per $1,000 borrowed at the 5.971% APR; 30 year fixed 0 points of $5.92 per $1,000 borrowed at the 5.960% APR. Payment amounts shown are representative of principal and interest only and do not include taxes and insurance, therefore actual payment amount is greater and varies from those shown. Loan amounts greater than 80% LTV are subject to meeting private mortgage insurance requirements. Please contact us for specific rate information, mortgage loan limits, or down payment requirements at 800.237.7328, extension 3878.

Adjustable-Rate Mortgage Rates

Valid as of 02/2/2023 11:39 PM EST 
Description Initial Rates As Low As APR* Margin Monthly Payment Example
30-Year 1/1 Adjustable 5.250% 7.139% 2.75% $5.53/per $1000.00 for 1st year, 1 year ARM after
30-Year 3/1 Adjustable 5.375% 6.858% 2.75% $5.61/per $1000.00 for 3 years, 1 year ARM after
30-Year 5/1 Adjustable 5.500% 6.653% 2.75% $5.69/per $1000.00 for 5 years, 1 year ARM after
30-Year 7/1 Adjustable 5.625% 6.514% 2.75% $5.76/per $1000.00 for 7 years, 1 year ARM after


Additional terms and rates are available. Please contact a mortgage consultant for more information at 800.237.7328 ext 3878.

*APR denotes Annual Percentage Rate.

Rates, terms and information are variable and subject to change daily based on the 1 year Treasury Constant Maturity (Federal Reserve), and apply to loans up to Fannie Mae’s conforming mortgage loan limits. All ARMs offer a fixed rate for the initial period of the loan and may adjust annually thereafter. The interest rate and monthly payment may increase after closing. The maximum the rate can increase or decrease in any one year is 1%. The lifetime cap is 5% higher than the initial rate and the rate will not go below the margin. Rates and/or points are based on several factors, including but not limited to: property type, loan to value, loan purpose, occupancy, credit score, and subordinate financing. Mortgage loan payment example: 1/1 30 year variable of $5.52 per $1,000 borrowed at 5.250% for the first 12 payments; 12 payments of $6.14 per $1,000 borrowed if the rate adjusts to the annual maximum of 6.250%; 12 payments of $6.78 per $1,000 borrowed if the rate adjusts to the annual maximum of 7.25%; 12 payments of $7.42 per $1,000 borrowed if the rate adjusts to the annual maximum of 8.25%; 12 payments of $8.08 per $1,000 borrowed if the rate adjusts to the annual maximum of 9.25%; 299 payments of $8.74 per $1,000 borrowed if the rate adjusts to the ceiling at 10.25%. Payment amounts shown are representative of principal and interest only and do not include taxes and insurance, therefore, actual payment amount may be greater and varies from those shown. Loan amounts greater than 80% loan-to-value (LTV) ratio are subject to meeting private mortgage insurance requirements. Please contact us for specific rate information, mortgage loan limits, or down payment requirements at 800.237.7328, extension 3878.

Jumbo Fixed Mortgage Rates

Loans from $726,201 up to 2.5 million

Valid as of 02/2/2023 11:39 PM EST 
Description Rates As Low As APR* Monthly Payment Example
Jumbo 10 Year Fixed 4.500% 4.525% $10.37/per $1000.00
Jumbo 15 Year Fixed 4.500% 4.518% $7.66/per $1000.00
Jumbo 20 Year Fixed 4.875% 4.889% $6.54/per $1000.00
Jumbo 25 Year Fixed 5.375% 5.387% $6.07/per $1000.00
Jumbo 30 Year Fixed 5.375% 5.386% $5.61/per $1000.00


Additional terms and rates are available with the purchase of points. Please contact a mortgage consultant for more information at 800.237.7328 ext 3878.

*APR denotes Annual Percentage Rate.

Rates, terms, and information are subject to change at any time. Rates and/or points are based on several factors including but not limited to: property type, loan to value, loan purpose, occupancy, credit score, and subordinate financing. Rates apply to loans greater than Fannie Mae’s conforming mortgage loan limits up to 2.5 million dollars. Mortgage loan payment example: 10 year fixed 0 points of $10.37 per $1,000 borrowed at the 4.525% APR; 15 year fixed 0 points of $7.66 per $1,000 borrowed at the 4.518% APR; 20 year fixed 0 points of $6.54 per $1,000 borrowed at the 4.889% APR; 25 year fixed 0 points of $6.07 per $1,000 borrowed at the 5.387% APR; 30 year fixed 0 points of $5.61 per $1,000 borrowed at the 5.386% APR. Payment amounts shown are representative of principal and interest only and do not include taxes and insurance, therefore actual payment amount is greater and varies from those shown. Loan amounts greater than 80% LTV are subject to meeting private mortgage insurance requirements. Please contact us for specific rate information, mortgage loan limits, or down payment requirements at 800.237.7328, extension 3878.

 Jumbo Adjustable-Rate Mortgage Rates

Loans from $726,201 up to 2.5 million

Valid as of 02/2/2023 11:39 PM EST 
Description Initial Rates As Low As APR* Margin Monthly Payment Example
Jumbo 30-Year 1/1 Adjustable 5.250% 6.653% 2.75% $5.53/per $1000.00 for 1st year, 1 year ARM after
Jumbo 30-Year 3/1 Adjustable 5.375% 6.855% 2.75% $5.61/per $1000.00 for 3 years, 1 year ARM after
Jumbo 30-Year 5/1 Adjustable 5.500% 6.644% 2.75% $5.69/per $1000.00 for 5 years, 1 year ARM after
Jumbo 30-Year 7/1 Adjustable 5.625% 6.493% 2.75% $5.76/per $1000.00 for 7 years, 1 year ARM after


Additional terms and rates are available. Please contact a mortgage consultant for more information at 800.237.7328 ext 3878.

*APR denotes Annual Percentage Rate.

Rates, terms and information are variable and subject to change daily based on the 1 year Treasury Constant Maturity (Federal Reserve), and apply to loans greater than Fannie Mae’s conforming mortgage loan limits up to 2.5 million dollars. All ARMs offer a fixed rate for the initial period of the loan and may adjust annually thereafter. The interest rate and monthly payment may increase after closing. The maximum the rate can increase or decrease in any one year is 1%. The lifetime cap is 5% higher than the initial rate and the rate will not go below the margin. Rates and/or points are based on several factors, including but not limited to: property type, loan to value, loan purpose, occupancy, credit score, and subordinate financing. Mortgage loan payment example: 1/1 30 year variable of $5.53 per $1,000 borrowed at 5.25% for the first 12 payments; 12 payments of $6.14 per $1,000 borrowed if the rate adjusts to the annual maximum of 6.25%; 12 payments of $6.78 per $1,000 borrowed if the rate adjusts to the annual maximum of 7.25%; 12 payments of $7.42 per $1,000 borrowed if the rate adjusts to the annual maximum of 8.25%; 12 payments of $8.08 per $1,000 borrowed if the rate adjusts to the annual maximum of 9.25%; 299 payments of $8.74 per $1,000 borrowed if the rate adjusts to the ceiling at 10.25%. Payment amounts shown are representative of principal and interest only and do not include taxes and insurance, therefore, actual payment amount may be greater and varies from those shown. Loan amounts greater than 80% loan-to-value (LTV) ratio are subject to meeting private mortgage insurance requirements. Please contact us for specific rate information, mortgage loan limits, or down payment requirements at 800.237.7328, extension 3878.

FAQs

Our Mortgage Process

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.

We will not finance properties that are:

  • Single-wide manufactured homes
  • Timeshares
  • Not in acceptable marketable condition
  • Non-owner-occupied condo or manufactured homes
  • Located outside Pennsylvania
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

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, the rate can adjust annually. 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.
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.
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.