HomeReady Mortgage Archives

Online Banking

How can I apply for a HomeReady® Mortgage Loan?

Apply online or contact our mortgage specialist, Jim Rogers, who will guide you through the application process, help you understand your options, and determine your eligibility. James (Jim) Rogers is authorized to act as an agent on behalf of People...

What is the debt-to-income (DTI) ratio requirement?

Your debt-to-income ratio should generally not exceed 50%. This means that your total monthly debt payments, including your new mortgage, should be 50% or less of your gross monthly...

Mortgage Documents Needed:

Copy of your driver’s license Last 2 years W2’s Most recent 30 days span of paystubs Last 2 years Federal Tax Returns Most recent two months bank statements, all pages Contact information for homeowner’s insurance...

How do I check the status of my loan application?

You may give us a call at 248-263-4100 to speak with the loan...

Calculator Disclaimer Personal Loan Rate

The monthly payment at 8.490% APR for a term of 12 months would require payments of approximately $87.22/month, per $1,000 borrowed. APR=Annual Percentage Rate, subject to change. Rate is based on individual creditworthiness and term of the loan. The use of this calculator does not imply nor guarantee loan terms nor approval of financing.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. People Driven Credit Union does not guarantee their applicability or accuracy in regards to your individual circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Member-only Discount Rewards

Accidental Death & Dismemberment Insurance – PDCU provides $2,000 coverage to members 18-69 for free but op-in is required. Members receive discounts on additional supplemental coverage.