Smiling couple
fern

Home Loans

We’re here to help you open the door to your new home.

Buying a home is likely the biggest financial decision you’ll ever make, which is why working with someone you trust to navigate the process is incredibly important. You can count on the team at Peninsula to steer you in the right direction.

Peninsula helps you navigate the home buying process by offering:

A wide range of loan types

We offer several mortgage options to meet your specific needs.

Fast, local service

Our friendly team has more than 40 years of combined experience.

Financing options

From mortgage assistance to loans with zero closing costs, we’ll help you find the right fit for your budget.

Helpful Details

log

Easy and Helpful

“I loved working with PCU to get my home loan, the process was great and I found it comfortable that we could look at my whole financial picture during the process.”

With our home loan options, you’ll find the right fit for you and your family.

When you work with Peninsula, you’ll get to choose between a range of home loans with fair rates and low fees:

  • Fixed-rate loans
  • Adjustable-rate (ARM) loans
  • Federal Housing Administration (FHA) loans
  • Veterans Administration (VA) loans
  • USDA loans

Get pre-approved online or call us at 1.800.426.1601 ext. 3161 to speak to T.J. Bracken, our Mortgage Loan Specialist

THE HOME-BUYING PROCESS IN A NUTSHELL:

  • Decide how much home you can afford
  • Choose the type of mortgage loan you want
  • Get pre-approved for the loan
  • Find your home
  • Make an offer
  • If the offer is accepted, go through inspections
  • Closing process

To apply for a conventional home loan

Apply Online
Apply Online

Land and Construction loans

We also offer Land and Construction mortgages, with flexible terms and options to meet your needs:

Land Loans

  • Available for properties 10 acres or less
  • We offer various loan and term options
  • Quick loan decisions and fast turnaround times

 

Construction Loans

  • 9-12 month construction periods available
  • 75% Loan-to-Value of completed appraised value
  • Flexible terms
  • Low loan origination fee plus normal closing costs for construction loans
  • Interest-only payments during construction

APPLY ONLINE »

To apply for a land or construction home loan

Apply Online
Apply Online

Financial options and mortgage assistance

Buying a home includes a variety of costs, including down payment, closing costs, and other fees. Depending your financial situation, you may need to reduce those expenses in order to make buying your home a reality. We can help connect you with the following types of assistance:

  • Mortgage assistance—for our eligible members, we facilitate closing cost and down payment assistance.
  • Lender-paid mortgage insurance option
  • No closing cost fixed-rate loans

Get pre-approved online or call us at 1.800.426.1601 ext. 3161 to speak to T.J. Bracken, our Mortgage Loan Specialist.

Home Equity Loans

Make the most of your home’s equity with our flexible Home Equity Loans. We offer two great lines of credit, each with different benefits.

LEARN MORE ABOUT OUR HOME EQUITY LOANS

Online payments

Make your mortgage payments online using Peninsula Home Banking. It’s easy, fast and secure.

LOGIN AND MAKE A PAYMENT

Featured offer for our members

The Key to Your Home Awaits

We’re here to help you with the next great chapter in your life.

This offer applies to all first mortgage loans, primary or second home. Simply mention this ad to T.J. during your first appointment.

 

*Offer is for a limited time only and may be discontinued at any time without notice. Applies to applications received on or after June 30, 2018 – August 31, 2018. Minimum $120,000 loan amount. Underwriting approval required. Free appraisal is contingent on funding of loan. Other restrictions may apply.

Promo for up to $800 to cover cost of appraisal

FAQs and Tips

Yes we do, you find the property that is best for you and we will help you finance it.
Private Mortgage Insurance is provided by a private mortgage insurance company to protect lenders against loss if a borrower defaults. Private Mortgage Insurance is generally required for a loan with an initial loan to value (LTV) percentage in excess of 80%. In most cases, this will mean that you will have to pay Private Mortgage Insurance if your down payment is less than 20% of the property value or purchase price, whichever is lower. 
You can call, or email TJ at at 1.800.426.1601 ext. 3161 or tbracken@pcfcu.org

Quick Tip

Divide your payment by 12 and add that amount to each monthly payment or pay half of your payment every two weeks, also known as bi-weekly payments. You’ll make one extra payment each year, saving you $24,000 and shaving four years off your mortgage.

Giving advice

Ready to buy a new home?

Stop by one of our branches
FIND YOUR CLOSEST BRANCH
Call us
1.800.426.1601

You are about to navigate away from Peninsula CU FCU’s website. Clicking on the link will take you to another website that is not operated by Peninsula Credit Union. PCFCU is not responsible for the content of the third-party website or transactions between our members and the third-party website. The privacy & security policies of the third-party website may differ from Peninsula Credit Union’s practices.

Cancel Accept