Nobleed INside PCUMortgBrochure

More Choices.

We have a variety of loans available to qualified applicants.

PeoplesChoice Credit Union offers a variety of home financing options. Through our secondary market lending channels we offer conventional, FHA, VA, USDA and jumbo home loans and through our portfolio lending channel we offer conventional, new construction, mobile home, land and commercial loan financing. All of our portfolio loans are processed and underwritten in-house.

Having both secondary market and portfolio lending channels allows us to offer more loan options and greater flexibility to help meet the home financing needs of our members.

Contact us today!

Kurt Schickle 207-415-6039

kschickle@ Senior Mortgage Loan Originator NMLS #381206

Kyle Soule 207-590-2634

ksoule@ Mortgage Loan Originator NMLS #1391609

Terry Thibodeau 207-303-4323

tthibodeau@ Mortgage Loan Originator NMLS #756039

Barry Jordan 207-671-9054

bjordan@ Mortgage Loan Originator NMLS #376788

855-728-6678



Mortgage Loan Originator NMLS #449242

Empowering Members to Achieve Financial Success

Own It!

Homeownership ? Refinance



SACO ? BIDDEFORD ? SANFORD ? WELLS

855-728-6678

More Loans. More Choices. Better Value!

PeoplesChoice Credit Union Portfolio Loans

PeoplesChoice Credit Union offers a variety of in-house residential loan programs providing financing for existing homes, new construction, mobile homes and land purchases. We offer competitive rates and fees on all our loan products and provide smooth and efficient loan processing. In addition, there may be instances where a traditional secondary market loan does not meet a borrower's financing needs and we may be able to offer the loan terms they desire through our portfolio lending channel.

Conventional Loans: ? Existing homes, 1-4 unit primary residences, 1-unit

second homes ? Competitive rates and fees ? In-house loan underwriting and approval process ? Efficient loan processing ? Subordinate financing may be permitted

New Construction Loans: ? Funds disbursed throughout the project ? Flexible draw schedules ? One loan construction-permanent financing ? Borrowers with the capacity to act as general

contractor may be permitted ? Can use owned land equity towards down payment ? Competitive loan rates and fees ? In-house loan underwriting and approval process ? Efficient loan processing

Mobile Home Loans: ? Financing for existing and new mobile homes on

own land ? Single wides allowed, no age limits ? 15 year fixed rate loan

Land loans: ? Financing for land, 10 year fixed rate loan terms

Secondary Market Loan Types

Conventional Loans ? Purchase or refinance primary residences, second

homes and investment properties ? Down payment may be a gift ? Discounted private mortgage insurance rates for

credit union members ? Renovation loan options ? Manufactured (Mobile) home financing

FHA Loans ? Purchase or refinance a primary residence with low

down payment ? Down payment can be a gift ? Non occupying co-borrowers allowed ? Credit scores down to 600 may be eligible ? Borrowers can regain financing eligibility 2 years

from bankruptcy and 3 years from foreclosure ? Renovation loan options ? Manufactured home financing

VA Loans ? Loans available to eligible veterans and their spouses ? No down payment required ? No monthly mortgage insurance premiums ? Credit scores down to 600 may be eligible, financing

options may be available to 550 ? Borrowers can regain financing eligibility 2 years

from bankruptcy and 3 years from foreclosure ? Manufactured home financing

USDA Loans ? Financing for single-family, primary residences ? Members may borrow up to 100% of the appraised

value. Borrowers may finance closing costs and escrows up to 100% of the appraised value. ? Credit scores down to 640 may be eligible ? Eligibility subject to household income limits. ? Property must be in designated areas as defined by USDA

Jumbo Loans ? Financing for primary residences, second homes and

investment properties requiring loan amounts greater than current conforming loan limits. ? No private mortgage insurance required

Commercial loans ? Offering financing for 5+ unit properties and other

commercial real estate ? All loans are processed and underwritten in-house

Rate and Loan Info subject to change Printed 5/17



SACO ? BIDDEFORD ? SANFORD ? WELLS

855-728-6678

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download