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We Love First Time Home Buyers!

$99 Closing Cost Special

or No PMI up to 95% LTV*

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  • Mortgage Specials

    No PMI*

    up to 95% Loan to Value

    *No Private Mortgage Insurance (PMI) up to 95% loan to value (LTV) on conventional portfolio loans applications through 8/31/2023. The minimum credit score for a 95% no PMI offer is 680. Available on a purchase or refinance transaction with People Driven Credit Union.

    Example: Based on a $200,000 loan with a conventional 30-year fixed rate term (360 monthly principal and interest payments of $1,280.62, not including taxes and insurance); annual percentage rate (APR) of 6.732%. The down payment assumes 5% cash required by the borrower with 95% financing.

    The cost of Private Mortgage Insurance (PMI) is waived as part of this promotion, to be paid by the Lender. This promotion cannot be combined with any other offer or discount points.

    This is not a commitment to lend. All lending products are subject to credit and property approval. Refinancing an existing mortgage loan may cause the total finance charges to be higher over the life of the loan.

    People Driven Credit Union 24333 Lahser Road, Southfield, MI 48033 | (248) 263.4111| NMLS ID: 776727 | Equal Housing Opportunity.

    $99 closing cost*

    Now through August 31st 2023!

    *Available to all borrowers using a conventional mortgage loan program on a purchase or refinance transaction with People Driven Credit Union, NMLS ID: 776727,

    Eligible loan applications must be submitted between 4/1/2023 and 8/31/2023. Discount will not be applied until closing on the appropriate closing documents. This promotion may not be combined with any other promotion or discount. People Driven Credit Union reserves the right to cancel this promotion without notice.

    All lending products are subject to credit and property approval. Terms, conditions, and interest rates are subject to change without notice. Certain restrictions may vary based on borrower qualification and collateral conditions. Refinancing an existing mortgage loan may cause the total finance charges to be higher over the life of the loan. This is not a commitment to lend.

    People Driven Credit Union24333 Lahser Rd., Southfield MI, 48033 | (248) 263.4111 | NMLS ID: 776727. Equal Housing Opportunity.

  • Overview

    Mortgage Products:

    • Freddie Mac Fixed Rate
    • Fannie Mae Fixed Rate
    • Adjustable-Rate Mortgages 
    • Home Possible (Freddie Mac)
    • Home Ready (Fannie Mae)
    • Construction
    • Super Conforming
    • FHA
    • VA
    • RD/USDA

    What to do during the Mortgage loan process

    • Quickly respond to all requests for documents
    • Pay all bills on time because a credit report will be pulled before closing
    • Don’t apply for any other credit accounts
    • Shop for insurance for the new home

    Helpful links to important resources:

     

     

    People here are never in too much of a hurry to answer all my questions. They always have a smile on their face.

    Mea e.

    TruStage Insurance Agency. Home insurance savings for hard working people.

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  • Up to 2% below Mortgage Rates

    Our ARM mortgages can be up to 2% below current mortgage rates.

    Lock in at a lower mortgage rate for 5 or 10 years** with a People Driven Credit Union ARM loan. Even with mortgage rates on the rise, with a 5 or 10 year ARM, you may be able to keep a more favorable interest rate!

    • Initial Rate is up to 2% below the current 30-year fixed rate for 5 years**.
    • Initial Rate is up to 1.5% below the current 30-year fixed rate for 10 years**.

     

     

  • Rates

    Complete this short form to get the latest mortgage rates

  • FAQs

    Frequently Asked Questions

    • Conventional Products
    • Freddie Mac Fixed Rate
    • Fannie Mae Fixed Rate
    • Adjustable-Rate Mortgages
    • Home Possible (Freddie Mac)
    • Home Ready (Fannie Mae)
    • Construction
    • Super Conforming
    Government Products:
    • FHA
    • VA
    • RD/USDA
    • 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 agent
    People Driven Credit Union wants to be your mortgage lender! We partner with Member First Mortgage to provide you with a wide range of mortgage services. Whether you are buying your first home, building your dream home, moving up, or scaling down, Member First Mortgage has many programs to fit your needs. Apply for your mortgage today by clicking the link or calling (866) 898-1818.

    Need help?

Ready to get the money you need?

Take advantage of record low rates

Digital Application
Disclosures

Mortgage rates change daily; therefore, inquire with PDCU for current mortgage rates.

Enjoy the added convenience of making your payments with a Direct Deposit. *Use of a calculator tool is not a guarantee of credit.

*APR = Annual Percentage Rate. Your actual APR will be determined at the time of disbursement and will be based on your application and credit information Rates quoted assume excellent borrower credit history. Not all applicants will qualify for the lowest rate.

People Driven Credit Union is an Equal Housing Opportunity  NMLS #776727

MORTGAGE LOANS with People Driven

*Available to all borrowers using a Conventional or Government mortgage loan program on a purchase or refinance transaction with People Driven Credit Union, NMLS ID# 776727 and Member First Mortgage, LLC (MFM), NMLS ID# 149532 only. Eligible loan applications must be submitted between 11/1/2022 and 12/31/2022. Discount will not be applied until the time of closing on the appropriate closing documents. This promotion may not be combined with any other promotion or discount. All loans are subject to approval. People Driven Credit Union reserves the right to cancel this promotion at any time without notice. Additional restrictions may apply.

Lower your monthly mortgage payment

Eliminate Mortgage Insurance payments

Consolidate debt Draw on your home’s equity, and get cash out!

Switch from an Adjustable Rate (ARM) to a Fixed Rate loan

 

Closing Costs Promo:

*Available to all borrowers using a conventional mortgage loan program on a purchase or refinance transaction with People Driven Credit Union, NMLS ID: 776727, and Member First Mortgage, LLC (MFM), NMLS ID: 149532 only. Eligible loan applications must be submitted between 5/1/2022 and 12/31/2022. Discount will not be applied until closing on the appropriate closing documents. This promotion may not be combined with any other promotion or discount. People Driven Credit Union reserves the right to cancel this promotion without notice. All lending products are subject to credit and property approval. Terms, conditions, and interest rates are subject to change without notice. Certain restrictions may vary based on borrower qualification and collateral conditions. Refinancing an existing mortgage loan may cause the total finance charges to be higher over the life of the loan. This is not a commitment to lend. Member First Mortgage, LLC is an affiliate of People Driven Credit Union. People Driven Credit Union24333 Lahser Rd., Southfield MI, 48033 | (248) 263.4111 | NMLS ID: 776727. Member First Mortgage, LLC Corporate Office: 616 44th Street SE, Grand Rapids, MI 49548 | (866) 898.1818 | NMLS ID: 149532. Equal Housing Opportunity.

No PMI Program:

*

*No Private Mortgage Insurance (PMI) up to 95% loan to value (LTV) on conventional portfolio loans applications through 8/31/2023. The minimum credit score for a 95% no PMI offer is 680. Available on a purchase or refinance transaction with People Driven Credit Union.

Example: Based on a $200,000 loan with a conventional 30-year fixed rate term (360 monthly principal and interest payments of $1,280.62, not including taxes and insurance); annual percentage rate (APR) of 6.732%. The down payment assumes 5% cash required by the borrower with 95% financing.

The cost of Private Mortgage Insurance (PMI) is waived as part of this promotion, to be paid by the Lender. This promotion cannot be combined with any other offer or discount points. This is not a commitment to lend. All lending products are subject to credit and property approval. Refinancing an existing mortgage loan may cause the total finance charges to be higher over the life of the loan. People Driven Credit Union 24333 Lahser Road, Southfield, MI 48033 | (248) 263.4111| NMLS ID: 776727 | Equal Housing Opportunity.

**ARM

The initial rate is 2% below the 30-year fixed rate for the 5/6 Arm and 1.5% below the 30-year fixed rate for the 10/6 ARM. *Available to all borrowers on a conventional purchase or refinance transaction with People Driven Credit Union. Eligible on detached, owner-occupied properties only. AII lending products are subject to credit and property approval. Terms, conditions, and interest rates are subject to change without notice. Certain restrictions may apply and vary based on borrower qualification and collateral conditions. Refinancing an existing mortgage loan may cause the total finance charges to be higher over the life of the loan. This is not a commitment to lend. This promotion cannot be combined with any other offer. People Driven Credit Union reserves the right to cancel this promotion at any time without notice. Additional restrictions may apply. People Driven Credit Union: 24333 Lahser Road Southfield, MI 48033 | (248) 263-4111 | NMLS ID: 776727. Equal Housing Opportunity. Equal Housing Opportunity.

$100,000 – 30 year term at the interest rate of 7.928%, the monthly payment would be approximately $729

Payment Examples not including Taxes and Insurance, the actual payment obligation will be higher.