Peabody Municipal FCU is proud to offer our members
Federally Secure Mortgage Programs - FHA, VA, USDA Rural
Housing, Reverse Mortgages Conventional Loans and more.
There are several options for members looking to
purchase or refinance and receive cash out. 96.5% and
100% financing available.
FHA and FHA 203K rehabilitation Loans require
only 3.5% down payment. Purchases or Refinances
available for members with lower Fico scores and higher
LTV's. Solid fixed rate loans. FHA and FHA 203K
rehabilitation Loans require only 3.5% down payment.
Purchases or Refinances available for members with lower
Fico scores and higher LTV's. Solid fixed rate loans.
VA - Veteran Loans
All VA loans are 0% down - 30 Year Fixed Rates - 100%
Financing - No PMI - Available on purchases and 90% LTV
H.A.R.P. 2.0 Mortgages
Home Affordable Refinance Program (HARP) started in
April 2009. It goes by several names. The government
calls it Making Home Affordable Plan, the Obama Refi
Plan, the DU Refi+ and the Relief Refinance.
How do I know if I'm eligible for HARP 2.0?
If you answer "yes" to all of the following questions,
you may be eligible!
● Is your mortgage loan currently owned by either Fannie
Mae or Freddie Mac?
● Was your loan sold to Fannie Mae or Freddie Mac prior
to June 1, 2009?
● Is your current loan-to-value greater than 80%?
● Is your mortgage up-to-date with all payments made on
time in the past 6 months,
and no more than one
late payment in the past 12 months?
● If you are HARP-eligible, you must close on your
mortgage prior to January 1, 2014.
offered in partnership with Allanach Mortgage Group.
CT#7160, MA#MB6033, RI#20051935LB, NH#5616