Mortgage Crisis Intervention
Are you having trouble making your monthly payment on your mortgage with us? We know about the issues you may be facing and are here to help.
Let us be your first call in getting your mortgage back on track! Please give our Mortgage Representatives a call at 1-800-295-4432.
The federal government has also set up Hope Now, a national hotline to provide consumers access to HUD approved credit counselors who can provide
important resources to homeowners struggling with mortgage payments. The Hope Now Hotline is 1-888-995-HOPE (4673).
Downloads
Download What You Should Know About Home Equity Lines of Credit
Download Buying Your Home - Settlement Costs & Helpful Information
Foreclosed Properties for Sale
Click here for an updated list of foreclosed properties in your area!
Calculators
What will my monthly payments and or interest rate be? How much will I be able to finance?
How will making an additional payment affect my mortgage? Click here to find the answers to these questions and many more by using our mortgage calculators.
|
Fixed Mortgage |
FHA Mortgage^^ |
Adjustable Rate Mortgage |
Mobile Home with Land |
Land & Lot Loans |
Concstruction Loans |
Home Equity Loans |
Home Equity Line of Credit |
| Maximum LTV** |
1st Mortgage-95% of Appraisal
2nd Mortgage-95% of Appraisal |
97% of Appraisal |
1st Mortgage-95% Appraisal
2nd Mortgage-95% of Appraisal |
100% of Appraisal |
50-85% of Appraisal |
85% of Appraisal
Minimum Line-$10,000
Maximum Line-$350,000 |
100% of Appraisal |
100% of Appraisal |
| Terms |
15-30 Year Fixed^ |
15-30 Year Fixed |
5 Year Fixed/1 Year Adjusting (25Yrs)
10 Year Fixed/1 Year Adjusting (20Yrs) |
Up to 15 Years |
5 Year Ballon |
9 Months |
10 Years |
10 Years |
| Lowest Rate Available |
5.50% APR* |
|
4.65% APR* |
5.90% APR* |
4.90-5.90% APR* |
5.00% APR* |
7.00% APR* |
Wall Street Journal Prime Rate*** |
| Collateral |
Owner Occupied
Single-family Residence |
Owner Occupied
Single-family Residence |
Owner Occupied
Single-family Residence |
New & Used Mobile Homes with Land |
Land & Lots |
Land &/or Construction of Primary Residence |
Real Estate
(Primary Residence) |
Real Estate
(Primary Residence) |
| Other Account Info |
Great rate
Flexible Term Options |
Great for first time Home buyers
Low Down Payments
Lenient Credit Requirements
Seller Contributions Now Available |
Low Monthly Payments
Great for Investments or Frequent Movers |
Must be road frontage with all utilities and improvements |
Can include land and lots in subdivisions or unfinished property
Flexible terms and options |
The LTV and equity position will be calculated based on the appraised value of specifications and plans for the completed primary residence |
May be Tax Deductible
Flexible Usage |
Low Monthly Payments
Easy Access |
* APR = Annual Percentage Rate
** The ratio of the fair market value of an asset to the value of the loan that will finance the purchase
*** The WSJP Rate used to determine your APR is the rate Published in the "Money Rates" table of The Wall Street Journal and is adjusted quarterly
^ 30-year fixed rate mortgages will be originated by Pelican and funded by the secondary market
^^ FHA Mortgage Product is offered through our partner, CU Members Mortgage. Applications will be processed using FHA guidelines
All Accounts share these common benefits:
- Application Fee of $25.00
- Closing Costs paid up to $750.00
- Title Insurance will be required for mortgages over $75,000
- Proof of Homeowners Insurance required
- Private Mortgage Insurance (PMI) will be required for all 1st Mtg loans with a LTV greater than 85%
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