Mortgage Loans from Peninsula Federal Credit Union

For most people, buying a home is one of the largest purchases they'll ever make. Go with someone you trust. At Peninsula Federal Credit Union, we offer a variety of financing options on mortgages. 

You can also put your home to work for you with a Home Equity Line of Credit (HELOC) and Second Mortgage Fixed Rates. 


Peninsula Federal Credit Union Mortgage Product OptionsCouple holding keys smiling into camera

10, 15 and 20-Year Fixed 1st Mortgages

Ready to stop paying rent, and invest in your future? Consider a 10, 15, or 20-year Fixed Mortgage with PFCU. These mortgages finance the purchase of a residence, or provide cash from existing equity. 

3, 5 or 7-Year Balloon Products, Amortize up to 30 Years

Want some flexibility with interest rates and payments? A balloon product might be right for you. Balloon products finance the purchase of a residence, and the interest rate is adjusted every 3, 5 or 7 years. Qualifying properties include primary residence, vacation property & investment property.

Construction Loans

Building a new home, or thinking of renovating your current home? A construction loan is used to finance the construction or renovation of a single-family primary residence. A construction loan requires a minimum credit score of 640 or higher. An advantage to a construction loan is that you'll make interest-only payments while in construction phase.

Land Loans

Looking to invest in property? A land loan is used to finance the purchase of undeveloped land. Peninsula Federal Credit Union offers two terms for land loans: 10 and 15-year fixed. Land loans have a requirement of 15% down, and a minimum credit score of 640 or higher.

Mobile Home Loans

If you are looking to finance a mobile home on property you own, we offer Mobile Home Mortgages. If the mobile home is on a rented lot, please see our Mobile Home Loans page!

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Additional Mortgage Options: Peninsula FCU + Neighborhood Mortgage Solutions

Peninsula Federal Credit Union offers more options through Neighborhood Mortgage Solutions, a service that enhances mortgage product offerings. PFCU, paired with with Neighborhood Mortgage Solutions, offers first-time home buyer programs, longer terms, and may offer lower down payment options. 

30 Year Fixed Rate Mortgage

If you plan on staying in a home long-term, and would like a longer term mortgage, a 30-Year Fixed Rate Mortgage might be right for you.

FNMA (Fannie Mae) or Freddie Macbeautiful new home in the country

This may be a good option for you if you plan on staying in the home long-term, and you need your monthly payments to remain fixed over the life of the loan. FNMA or Freddie Mac may also offer lower down payment options.

Rural Development Mortgage

This type of mortgage is used if you are purchasing a home in a Rural Development designated area. It might be a good option if you need fixed monthly payments for the life of the loan, or if you may not have extra money for a down payment.

Home-Ready (Fannie Mae)

Home-Ready is a type of mortgage that is typically geared towards first-time homeowners, but is open for anyone who meets the requirements. It allows borrowers to use as little as 3% down for home purchases. You must have a minimum credit score of 620. If all occupying borrowers are first-time homeowners, at least one borrower is required to take a homeownership education course. To qualify, a borrower cannot make more than 80% of your area's median income. You can look up your area's median income here.



For additional information, see one of our loan officers


Gina Gereau

NMLS ID # 1823864




Jennifer Workman

NMLS ID # 2061499


Jodi Ducheny

NMLS ID #1622837




Sara Gearhart

NMLS ID # 1877334


Sandra Johnson

NMLS ID # 1630488




Ashley Edwardsen 

NMLS ID # 2274077


Tonia Luusua

NMLS ID # 2080045



taylor headshot

Taylor Heath 

NMLS ID # 2406978

Peninsula Federal Credit Union NMLS ID# 445245

For more information, contact our Mortgage Department: | Phone 906-789-6400 or 888-791-6420

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