Real Estate Loans
Premier Source Credit Union offers a variety of real estate loans
at favorable rates. You can count on a smooth application process.
The Mortgage You Need
at Terms You Can Afford
Whether you are building or buying a home or remodeling or expanding
your current home, Premier Source offers a Mortgage you need at
terms you can afford.
- Fixed and Adjustable Rate Mortgages
- First time Home buyer Program, with low
down payment option
- No points-no closing costs options
- Timely Payment Rewards Program ' For those
with less than perfect credit.
- MHFA Loans ' Offered at below market rates
for low- and moderate-income families.
Our Mortgage underwriting partner is Members Mortgage, a Massachusetts
company that exclusively serves credit union members.
For more information or to apply for a Mortgage, use MortgageClick®,
our full-service online Mortgage approval tool, or contact
us.
MortgageClick®: Check Rates,
Learn About Mortgages and Apply Online for a Mortgage Anytime
With MortgageClick®, applying for a Mortgage has never been
easier. Through our partnership with Members Mortgage, Premier
Source Credit Union offers online Mortgage application and approval
24 hours a day, plus many other helpful features to help you evaluate
your options, estimate payments, check rates and more.
- Choose : Let
MortgageClick® help you find
a program that is right for you. We'll walk you through the
process, explain loan options and help you to research rates
for the program that meets your needs.
- Apply : Log
on anytime, complete
10 simple questions and receive an answer within 15 minutes.
Once you have submitted your application, you may view its status
all the way through the approval process.
- Learn : If
you're not quite ready to apply, MortgageClick® is still
the place to go to learn all
about the mortgage process, resources for first time home buyers,
purchasing or refinancing.
- More : To
learn more about MortgageClick®, visit
this section. There you will find our privacy policy, mortgage
loan calculators, insurance information and property information.
If applying online does not appeal to you, you have nothing to
worry about. We still have the
same dedicated Mortgage team ready and waiting to answer any of
your questions and help you though the process in person. Please contact
us.
Home Equity
Financing
If you're facing major expenses or just want to consolidate debt,
borrowing with a Home Equity Line of Credit or Home Equity Loan
may be the smartest financial move you can make. With low
rates , home equity financing with Premier Source Credit Union
can help you manage financial challenges, improve your home, and
improve your life. Interest may be tax deductible up to certain
limits. Check with your tax adviser to be sure.
| Home Equity Line of Credit |
Home Equity Loan |
| Flexible payment - Pay the minimum
amount due or the entire balance. |
Fixed payment - Pay a predictable
monthly payment. |
| Flexible terms - Annual Percentage Rates (APR) are
variable at the current prime rate and may not exceed 18.00%.
The maximum loan amount is 80% of the appraised value of your
home, minus any outstanding liens. There is a 10-year draw
period with an additional 5-years to repay. |
Fixed terms - Pay a low, fixed
interest Annual Percentage Rate (APR) for up to 10
years. The maximum loan amount is 80% of the value of your
home or $200,000. (Sample payment information: The cost of
$1,000 borrowed at 6,24% for 10 years is $11.22 per month.) |
| Borrow only what you need -
Write yourself a loan with convenient checks to access your
line of credit whenever you need it. |
One lump sum advance - Appropriate
for managing large expenses when the amount needed is known
in advance. |
Both Home Equity Loans and Lines of Credit offer optional payment
protection insurance to provide the added security of knowing that
your loan payments will be made in the event of death or disability.
To
learn more about Home Equity Lines of Credit, click on this link.
Premier
Source Advantage Members Enjoy Even Lower Rates
As a Premier Source Advantage Club member, you will save even
more money on our already low loan rates. Just combine Direct Deposit
with a Checking account and one other account (other than a Share
Savings account) or loan, and we will take 1/4% off all your future
loans (except Mortgages).