Check out PCMCU’s brand new savings program specifically designed with first-time homebuyers in mind. We’ll help you save for your first home, avoid Private Mortgage Insurance (PMI), AND walk you through the steps of your first home loan.
Follow these guidelines and set your goals to save a 10% down payment. At your home loan closing, you’ll get your CASH BONUS up to $2,500 AND you’ll be PMI free with PCMCU’s 10% down no PMI program. Skip the PMI, not the dream.
It is standard in the mortgage industry to pay for Private Mortgage Insurance (PMI) when you buy a home with less than 20% down. PMI is a premium paid to an insurance company that offers coverage to the lender in case of default and loss. This added cost increases a buyer’s loan amount and/or monthly payment.
Stop in at any PCMCU location to open a HomeReady Savings. Any of our mortgage lenders would also be happy to meet with you to answer questions you have about the home buying process. Call 920-593-2767 to schedule an appointment.