Mortgages

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Buying a home is among the most exciting life events you'll experience. It can also be one of the most stressful. So many questions - What's the right mortgage product for me? How does the process work?

Relax. We've got the answers for you. Make a call to one of our friendly, knowledgeable Mortgage Consultants and you're on your way to a worry-free home purchase. Looking to refinance your current mortgage? We've got you covered there too!

Key Benefits

With a PSECU mortgage, you can enjoy:

  • Competitive rates.
  • A variety of mortgage products.
  • Expert advice from specially trained Mortgage Consultants.
  • An easy online application process.
  • Loan servicing that stays with PSECU.
  • Digital banking services that make it easy to pay your mortgage.
  • Quick pre-qualification process which allows you a full 60 days to find the right home.

Types of Mortgages and Rates

Fixed Rate Mortgage

Fixed rate mortgages have a fixed interest rate and a fixed monthly payment. You have the option to buy down the interest rate by paying discount points. You also have the option to lock in your interest rate upfront or wait until closer to closing.

Rates valid as of 6/19/2018 6:18 PM

DescriptionRate as low asAPR*
10-year Fixed 0 points4.000%Calculate4.083%
10-year Fixed 1 points3.875%Calculate4.174%
10-year Fixed 2 points3.750%Calculate4.266%
10-year Fixed 3 points3.625%Calculate4.361%
15-year Fixed 0 points4.125%Calculate4.440%
15-year Fixed 1 points4.000%Calculate4.465%
15-year Fixed 2 points3.875%Calculate4.489%
15-year Fixed 3 points3.750%Calculate4.516%
20-year Fixed 0 points4.500%Calculate4.787%
20-year Fixed 1 points4.375%Calculate4.779%
20-year Fixed 2 points4.250%Calculate4.773%
20-year Fixed 3 points4.125%Calculate4.767%
30-year Fixed 0 points4.625%Calculate4.893%
30-year Fixed 1 points4.500%Calculate4.852%
30-year Fixed 2 points4.375%Calculate4.813%
30-year Fixed 3 points4.250%Calculate4.774%
*APR denotes Annual Percentage Rate

Rates 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, credit score and subordinate financing. Rates apply to loans up to Fannie Mae's conventional mortgage loan limits. Please contact us for specific rate information, mortgage loan limits or down payment requirements at 800.237.7328, extension 3864.

Adjustable Rate Mortgages

PSECU's Adjustable Rate Mortgage (ARM) products offer a competitive starting rate that is guaranteed for the first fixed rate period of the loan. This initial rate may stay the same for one to seven years based on the ARM product you select. After the fixed rate period has expired, the interest rate is subject to adjustments every year after that for the life of the loan. Below are the terms, the adjustments, and the lifetime cap. The annual rate adjustments can go up or down within the periodic rate cap limits as listed below. The lifetime cap is a rate ceiling that the loan can never exceed for the life of the loan as shown below. The margin is the amount which will be added to the index to determine the interest rate at each adjustment.

1 / 1 - *Year Adjustable Rate Mortgage - offered with either 15 or 30 year terms
Fixed Term 12 months
Periodic Rate Change +/- 1%
Lifetime Rate Cap + 5%
Margin 2.5
1 - year CMT Index fluctuates weekly

*We also offer financing for Construction Draw mortgages under the 1/1 ARM program only

3 / 1 - Year Adjustable Rate Mortgage - offered with a 30 year term
Fixed Term 36 months
Periodic Rate Change +/- 2%
Lifetime Rate Cap + 6%
Margin 1.75
1 - year LIBOR index fluctuates daily
5 / 1 - Year Adjustable Rate Mortgage - offered with a 30 year term
Fixed Term 60 months
Periodic Rate Change +/- 2%
Lifetime Rate Cap + 5%
Margin 1.75
1 - year LIBOR index fluctuates daily
7 / 1 - Year Adjustable Rate Mortgage - offered with a 30 year term
Fixed Term 84 months
1st Periodic Rate Change +/- 5%
2nd Periodic Rate Change +/- 2%
Lifetime Rate Cap + 5%
Margin 1.75
1 - year LIBOR index fluctuates daily

Let Us Match You With the Right Mortgage

Choosing the best mortgage for you doesn't have to be a challenge. PSECU offers mortgages for owner-occupied, vacation and rental properties located anywhere in Pennsylvania. Visit our eligibility requirements page for more information. You can also use one of our mortgage calculators to run the numbers and see how much home you can afford. Our experienced, specially trained Mortgage Consultants are here to help you along the way.

Rates valid as of 6/19/2018 6:18 PM

DescriptionRate as low asAPR*
15-year 1/1 Variable2.75%Calculate4.537%
30-year 1/1 Variable3.25%Calculate4.706%
30-year 3/1 Variable4.125%Calculate4.538%
30-year 5/1 Variable4.625%Calculate4.676%
30-year 7/1 Variable4.750%Calculate4.754%
*APR denotes Annual Percentage Rate

Rates 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, credit score and subordinate financing. Rates apply to loans up to Fannie Mae's conventional mortgage loan limits. Please contact us for specific rate information, mortgage loan limits or down payment requirements at 800.237.7328, extension 3864.

Please Note: Certain loans may be subject to additional pricing and other restrictions.

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