Mortgages

Your Path to Homeownership

At Public Service Credit Union, we're committed to making the dream of homeownership a reality for our members. Our comprehensive suite of mortgage products, combined with our commitment to competitive rates and low closing costs, sets us apart.

Whether you're a first-time homebuyer, looking to refinance, or investing in property, we have the right mortgage solution for you. From fixed-rate mortgages offering stability to flexible balloon options and convenient home equity loans, we provide the financial tools to help you achieve your real estate goals.

Our Fixed-Term Mortgages offer a secure path to homeownership. With fixed interest rates and consistent monthly payments, you can confidently budget for your future. Whether you're a first-time homebuyer or looking to refinance an existing loan, we provide a range of options to suit your financial goals.

• Purchase or Refinance: Whether you're buying your dream home or looking to lower your monthly housing costs, our fixed-rate mortgages offer flexibility.

• Term Options: Choose from a variety of loan terms to match your financial situation and repayment preferences up to 15 years.

• Build Equity: As you make consistent mortgage payments, you'll gradually build equity in your home.

A Balloon Mortgage can be an attractive option for those seeking lower initial payments. However, it's essential to understand the loan structure. While you'll enjoy reduced monthly costs during the loan term, a significant balloon payment is due at the end.

• Strategic Financial Planning: Careful consideration is required to ensure you can manage the balloon payment when it comes due. Options include selling the property, refinancing, or making a lump sum payment.

• Amortization Benefits: Although the balloon payment is due at the end of the term, you can choose a 30-year amortization schedule to help with budgeting and financial planning.

• Potential for Homeownership: Balloon mortgages can be a stepping stone to homeownership, especially for those who anticipate selling or refinancing before the balloon payment is due.

Our Home Equity Loans, also known as 2nd mortgages, provide a way to tap into your home's equity without disturbing the rate and balance of your existing mortgage. This financing option offers flexibility and can be used for various purposes.

• Home Improvements: Enhance your living space and increase your home's value with funds from a home equity loan.

• Debt Consolidation: Simplify your finances by consolidating high-interest debts into a single, lower-interest loan.

• Major Purchases: Fund significant purchases like a new vehicle or college tuition.

• Fixed-Rate Certainty: Enjoy the peace of mind that comes with a fixed interest rate and predictable monthly payments.

Are you dreaming of building your dream home or investing in land for future development? Our Vacant Land Loans offer a solid foundation for your plans.

• Competitive Rates: We provide attractive interest rates to help you maximize your investment.

• Simplified Process: Often with fewer closing costs than traditional mortgages, our vacant land loans streamline the process.

• Flexibility: Use the land for your future residence, investment property, or recreational purposes.

Contact our mortgage team to discuss your financial goals and find the ideal loan solution. We're here to guide you through the process and help you make informed decisions.

Bonnie Grayson - VP, Operations & Lending NMLS# 2317471
Kyle Turner - Interim President NMLS# 2485753

Public Service Credit Union NMLS# 442120

If you are requesting a mortgage loan with Public Service Credit Union, you can use the NMLS Consumer Access website to look up information regarding the employees of Public Service Credit Union registered as mortgage loan originators.