Due to a scheduled systems maintenance on Tuesday, February 25 from 9:30PM to 12:00AM midnight, all PFCU systems will be temporarily offline. This includes phones, ATMs, and online & mobile banking. Please contact us if you have any questions. We thank you for your patience during this time.
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Real Estate

Mortgage FAQs – Types of Mortgages

We understand that the journey to homeownership is unique for each of our members, that’s why we offer a wide variety of mortgage options tailored to fit your needs.

What are the different types of mortgages offered at PFCU?
There are many different types of mortgages, including:
• Fixed-rate mortgages: The interest rate stays the same throughout the life of the loan.
• Adjustable-rate mortgage (ARMs): The interest rate can change over time, often based on a benchmark index.

What is Picatinny’s Flat Fee Mortgage Program?
Our program offers PFCU members a flat fee of $999, which includes: application fee, credit report, flood certification, appraisal up to $415*, lender’s attorney review, processing/underwriting.

What is Picatinny’s 100% First Mortgage Program?
At PFCU, we offer 100% financing for home loans. Finance the entire purchase price of a home with no down payment required.

Click the link below to access a printable PDF:

Mortgage FAQs – Types of Mortgages

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