From buying your first home to building your dream home. We understand the variety of mortgage options you have to choose from when deciding what is best for you. Our knowledgeable team will be with you each step of the way, from application to closing.
Mortgage Options
Premier Financial Credit Union offers a wide variety of mortgage options.
Types of Mortgages
- Adjustable Rate Mortgage (ARM)
- Balloon Loan
- Construction Loan
- Fixed Rate Mortgage
- Home Equity Line of Credit
Types of Properties
- Primary Residence
- 2nd Home/Vacation
- Investment Property
- Vacant Land
- Mobile Home
How to Apply for a mortgage Loan
Schedule Appointment
New Holstein Office: 2017 Main Street | New Holstein, WI 53061
Kiel Office: 530 Fremont Street | Kiel, WI 53042
Chilton Office: 50 E. Chestnut Street | Chilton, WI 53014
Call
920.898.4232 or 1.877.891.4232 (Toll Free)
Contact Us Email Form
Complete the Contact Us form to have a Mortgage Lender contact you.
Home Loan Details
Premier Financial Credit Union Offers:
- Competitive interest rates
- Convenient and flexible terms
- Minimum down payment options
- No prepayment penalties
- Simple, easy prequalification
- Dependable, loan servicing
- Payments to meet your budget
Prequalification
Find out ahead of time if you qualify for a mortgage loan, the amount you qualify for, the monthly payment you can afford, and which type of loan best serves your needs. Having a prequalification amount increases your negotiating power with the realtor, seller and saves you time and money by looking for a house you can afford. You will know the loan requirements ahead of time and thus put yourself in a better bargaining position.
Closing Costs
Closing costs are all the fees associated with getting a mortgage. Premier Financial Credit Union attempts to make your closing cost as low as possible. In some cases, this includes origination fee, discount points, appraisal fee, title search, insurance, recording fees, credit reports and possible other cost.
Home Loan Application
A checklist of documents we may ask for at the time of application include:
- W-2 forms from the previous two years, if you collect a paycheck.
- Profit and loss statement or 1099 forms, if you own a business.
- Recent paycheck stub
- Most recent federal tax return, and possibly the last two tax returns.
- List of assets, bank statements, mutual fund statements, brokerage statements and records of other investments.
Mortgage Rates
Premier Financial Credit Union offers a variety of mortgage products to meet your needs.
Adjustable-Rate Mortgage | Owner Occupied & Second Home
| Mortgage Type | Term | ◊Interest Rate | APR* | Monthly Payment Example+ |
|---|---|---|---|---|
| First Mortgage | 61/24 Mo | 5.750% | 5.797% | $583.68 |
| Second Mortgage | 61/24 Mo | 5.750% | 6.555% | $83.05 |
Fixed Rate Mortgage
| Term | Interest Rate | APR* | Monthly Payment Example+ |
|---|---|---|---|
| 7 Year (84 Mo) | 5.250% | 5.551% | $712.51 |
| 10 Year (120 Mo) | 5.500% | 5.718% | $542.60 |
Mobile Home Balloon *** •
| Term | APR*+ | Monthly Payment Example** |
|---|---|---|
| 61 Month | 7.75% | $19.89 |
Construction Loan
Contact a Mortgage Lender for more details.
Home Equity Line of Credit (REAP®)
| Rate Type | APR* |
|---|---|
| Variable Rate | 7.50% |
| Fixed Rate | 7.25% |
Real Estate Balloon Non-Owner Occupied & Vacant Land
| Mortgage Type | Term | Interest Rate | APR* | Monthly Payment Example+ |
|---|---|---|---|---|
| First Mortgage | 24 MO | 6.000% | 6.272% | $716.49 |
| First Mortgage | 36 MO | 6.250% | 6.439% | $730.99 |
| First Mortgage | 60 MO | 6.500% | 6.624% | $745.63 |
| Second Mortgage (First Mortgage at PFCU) | 24 MO | 6.000% | 8.848% | $84.39 |
| Second Mortgage (First Mortgage at PFCU) | 36 MO | 6.250% | 8.255% | $85.75 |
| Second Mortgage (First Mortgage at PFCU) | 60 MO | 6.500% | 7.846% | $87.12 |
| Second Mortgage | 24 MO | 7.000% | 9.867% | $89.89 |
| Second Mortgage | 36 MO | 7.250% | 9.275% | $91.29 |
| Second Mortgage | 60 MO | 7.500% | 8.866% | $92.71 |
Long Term Fixed Mortgage | Saleable Loans
Contact a Mortgage Lender for more details.
Home Affordability Calculator
Mortgage Loan Officers
Premier Financial Credit Union National Mortgage Licensing System & Registry
Credit Union NMLSR ID# 705211
Consumers can access mortgage loan originator information at the Consumer Access website: www.nmlsconsumeraccess.org
Common Mortgage Terms
Annual Percentage Rate (APR)
A standardized method of calculating the cost of a mortgage, stated as a yearly rate, which includes items such as interest, mortgage insurance and certain points or credit cost. Because it includes these other items, it is higher than the interest rate a lender will quote.
Appraisal
A written report done by a qualified appraiser estimating the value of the property.
Adjustable Rate Mortgage
With an adjustable-rate mortgage, the initial interest rate is fixed for a period of time, after a certain period of time, the rate will adjust based on the terms of your agreement.
Balloon Mortgage
A mortgage that is not fully amortized over the term of the loan; leaving a balance due at maturity. Balloon mortgages have shorter terms usually five years.
Closing Costs
Expenses incurred by a borrower when purchasing or refinancing a mortgage.
Collateral
Property pledged as security for payment of the loan.
Home Down Payment
The initial amount of money the buyer pays in cash and does not finance with a mortgage.
Escrow
An account that is used to hold money for property taxes and insurance until payment is due. Money is added to the account every time a mortgage payment is made.
Fixed Rate Mortgage
A mortgage with an interest rate that will remain the same for the life of the loan. Most often 15 or 30 years.
Homeowners Insurance
An insurance policy that covers loss or damage to the property.
Principal
The amount of debt, excluding interest left on a loan.