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Mortgage Loans

We Love First Time Home Buyers! Turn your dream home into an reality!

By completing a concise home loan application at People Driven Credit Union you'll engage with our expert team.

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Ready to get the money you need?

Get your dream home with a PDCU mortgage loan.

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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.

*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.  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:

Conventional & ARM Loan Disclosure: 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. For those using a 5/6 or 10/6 ARM loan product. Eligibility requires a borrower credit score of 620 or higher; detached, owner-occupied properties only.

Discount will not be applied until closing on the appropriate closing documents. This promotion can be combined with our No PMI mortgage promotion and other offers or promotions; certain restrictions apply. People Driven Credit Union reserves the right to cancel these promotions at any time 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 result in higher total finance charges 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 Union: 24333 Lahser Rd., Southfield MI, 48033 | (248) 263.4100 | 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.

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 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) 263.4100| NMLS ID: 776727 |

$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.

*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.

E H L. People Driven Credit Union is an Equal Housing Opportunity Lender NMLS #776727
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