Mortgage and Home Equity Solutions

Whether you're making your first home purchase, relocating or refinancing an existing mortgage, looking for a fixed rate or an adjustable rate, Pacific NW FCU's dedicated real estate team is here to help you make the right financing decision. We offer:

• Easy online application that is available 24 hours/ 7 days week
• View loan status and track the entire process online
• Free pre-approval!
• Local service
• $500 flat origination fee! (Other 3rd party fees apply. For a personalized good faith estimate, click here)

Our products include:

• Flexible terms on 1st and 2nd mortgages
• Fixed rate mortgages with terms from 10 to 30 years
• Adjustable Rate Mortgages (ARMs)
• Fixed rate home equity loans with terms up to 20 years
• Home Equity Lines of Credit (HELOCs) with terms up to 30 years

 

Win a $250 Home Depot gift card

Members who get a Mortgage or Home Equity loan* with us between March 1 and April 30, 2010 will be entered into a drawing for a $250 Home Depot gift card.

*Offer includes outside mortgage refinances; refinancing a current PNWFCU Mortgage or Home Equity loan does not qualify for the gift card drawing.

 

And if you need the perfect excuse to spend that $250 Home Depot gift card...

The Federal Tax Credit for Energy Efficiency provides tax credits for 30 percent of the cost when you make these energy efficient improvements to your home:

Save up to $1,500 on:

Windows and doors
Insulation
Roofs (Metal and Asphalt)
HVAC
Water Heaters (non–solar)
Biomass Stoves

No upper cap for:

Geothermal Heat Pumps
Solar Panels
Solar Water Heaters
Small Wind Energy Systems
Fuel Cells

Click here for details and deadlines.

 

Homebuyer Tax Credit Expanded

Still on the fence about buying a new home? The homebuyer tax credit has been extended and expanded to include first time homebuyers and existing homeowners!* It’s clear there’s no better time than now to buy your first home—or trade up.

So whether you’re shopping for your first home or your next one, PNWFCU makes choosing the right mortgage the easiest part of the process. We have flexible loan programs and features that enable you to make the best financing choice. Don’t wait any longer—the tax credit expires April 30, 2010.

*Speak with our Mortgage Specialist for restrictions and conditions

 

Job Loss Protection and Mortgage Insurance

One of the benefits you will receive by having mortgage insurance with your PNWFCU home loan is Job Loss Protection--at no additional cost to you. With Job Loss Protection, your mortgage may be paid for up to six months if you involuntarily lose your job.

 

Benefit Details for Qualified Applicants*
Covers your mortgage payment	Up to $2000 (Including principal, interest, taxes, insurance)
Number of payments covered	Up to 6 monthly payments
Benefit period	Up to 3 years after loan closes, while the mortgage insurance is in place

 

Sooner. Safer. Smarter.

To help you understand this added benefit and to make it easier for us to contact you if ever necessary, we ask you to register online with Genworth Mortgage Insurance. Simply visit www.smartermi.com/welcome to complete the registration form. While there, you'll see the details about this benefit and learn more about other consumer benefits you receive by having a loan with Genworth Mortgage Insurance.

Click here for additional information about Job Loss Protection benefits and eligibility requirements. If you have any questions, please contact Job Loss Protection Benefits Administrator at 877.848.5677 or speak with our PNWFCU's Mortgage Specialist, Crystal Jeffries, directly at 1.800.444.5858 option 4.

*Speak with our Mortgage Specialist for restrictions and conditions

 

Choose

Let Mortgage Solutions help you find a program that is right for you. We'll walk you through the process, explain loan options and help you to research rates for the program that meets your needs. After you have selected your loan program, complete our streamlined application and receive an answer within minutes. Once you have submitted your application, you may view your status and communicate with our mortgage department during the entire process.

Apply

Log on anytime, day or night, complete our streamlined application and have a loan answer all within 15 minutes.

Learn

If you're not quite ready to apply, Mortgage Solutions is still the place to go to learn all about the mortgage process, first time home buyers programs, purchasing or refinancing information.

Rates

We offer competitive rates on fixed rate mortgages, adjustable rate mortgages, home equity loans and lines of credit.

Home Buying Education Resources

Telephone & Online Resources:

• CMG Mortgage Insurance Co
• Making Home Affordable Program (or call 888-995-4673 for questions)
• Video: "Navigating the Home Affordable Modification Program."

In-Person Resources:

• Portland Housing Center (Portland)
• Community Housing Resource Center (Vancouver)
• Columbia Cascade Housing Corp (The Dalles)
• Mid Columbia Housing Resource Center (Hood River)

More

Use our mortgage loan calculators to determine how much house you can afford, what your monthly payments would be, how much income you'll need, and even a cost comparison between renting and owning. You can also learn more about insurance information, property information and our privacy policy.

Making Home Affordable

If you are worried about the possibility of losing your home, contact PNWFCU and we will work with you directly. You do not need to pay large sums of money to 'Loan Modification or Foreclosure Prevention' companies. Simply fill out a Mortgage Hardship Package and return it to us by mail or fax:

Mail:

Pacific NW Federal Credit Union
Attn: Mortgage Department
12106 NE Marx St. Portland, OR 97220

Fax: 503.258.2710 (attn: Mortgage Department)

Click here for addition resources to help prevent foreclosure.

Call today to speak with our Mortgage Credit Specialist, Crystal Jeffries:

 

Portland 503.256.5858 option 4
Vancouver 360.693.7368 option 4
Hood River 541.387.4192 option 4
Outside local calling areas
1.800.444.5858 option 4
Email crystalj@pnwfcu.org

 

Our Mortgage Specialist will be available at our branches on the days listed below to assist you in finding the most affordable payment and mortgage program to fit your needs.

Dates	Location
March 9th and 23th	Ross Branch
March 5th and 19th	BPA Branch
By appointment	Hood River Branch
All other business days	Erin Way Branch