Mortgages We designed our products & services with YOU in mind!

First and Second Mortgages

15 Year Fixed Rate
Maximum Loan to Value (LTV) is 95% of appraisal for first and second mortgages

20 Year Fixed Rate

First Mortgage - Maximum LTV is 95% of appraisal
Second Mortgage - Maximum LTV is 100% of combined appraised value

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Adjustable Rate Mortgages (ARM) have an interest rate that is linked to an economic index. The interest rate, and your payments, are periodically adjusted up or down as the index changes.

First and Second Mortgages - 5/1 ARM
5 year fixed rate, one year adjustable rate (25 years)/30 yr note
Maximum Loan to Value (LTV) is 95% of appraisal for first and second mortgages

First Mortgage - 10/1 ARM
30 year amortization. 10 yr fixed rate/1 yr adjusting rate (20 yrs)/30 yr note
Maximum LTV is 95% of appraisal

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Pelican is now licensed to offer FHA Products! We have partnered with CU Members Mortgage to give you another option when purchasing a home at a low fixed rate. FHA loans are insured by the Federal Housing Administration.

Low Down Payments
Lenient Credit Requirements
Seller Contributions Now Available*

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*Membership required. This information is not an offer to extend consumer credit. Rates and terms are subject to change without notice. Product is offered through our partner, CU Members Mortgage. Applications will be processed using FHA guidelines. Some restrictions apply. See representative for details.

Private Mortgage Insurance (PMI) will be required for all 1st Mortgage Loans with a LTV greater than 85%. Must have proof of homeowners insurance. Title Insurance will be required for mortgages in excess of $75,000.

Contact our Mortgage Department at 1-800-351-4877 option 9, ext. 4511 for rate information.

*All PSCU mortgages comply with federal and state regulations.