
Real Estate Loans
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Premier Source Credit Union offers a variety of real estate loans at favorable rates. You can count on a smooth application process.
- Mortgages
- MortgageClick®, our 24-hour online Mortgage approval tool
- Home Equity Financing
- Home Improvement Loans
- Premier Source Advantage Club
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 - Rates 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 rate 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.
Home Improvement Loans
A Home Improvement Loan can finance anything that enhances the quality or value of your house ' from air conditioning to storm windows to the new room or swimming pool you've always wanted. Check our rates and terms.
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).









