From buying your first home to building your dream home. We understand the variety of mortgage options you have to choose from when deciding what is best for you. Our knowledgeable team will be with you each step of the way, from application to closing.


Mortgage Options

Premier Financial Credit Union offers a wide variety of mortgage options.

Mortgage Rates  15 Year Fixed Rate Mortgage Special 

Apply Online for a Home Equity Loan Contact Us for other Mortgage Options 

Types of Mortgages

  • Adjustable Rate Mortgage (ARM)
  • Balloon Loan
  • Construction Loan
  • Fixed Rate Mortgage
  • Home Equity Line of Credit

Types of Properties

  • Primary Residence
  • 2nd Home/Vacation
  • Investment Property
  • Vacant Land
  • Mobile Home

Loan Details

Premier Financial Credit Union offers:

  • Competitive interest rates
  • Convenient and flexible terms
  • Minimum down payment options
  • No prepayment penalties
  • Simple, easy prequalification
  • Dependable, loan servicing
  • Payments to meet your budget
  • Credit & Disability Insurance available


Find out ahead of time if you qualify for a mortgage loan, the amount you qualify for, the monthly payment you can afford, and which type of loan best serves your needs.  Having a prequalification amount increases your negotiating power with the realtor, seller and saves you time and money by looking for a house you can afford.  You will know the loan requirements ahead of time and thus put yourself in a better bargaining position. 

Closing Costs

Closing costs are all the fees associated with getting a mortgage.  Premier Financial Credit Union attempts to make your closing cost as low as possible.  In some cases, this includes origination fee, discount points, appraisal fee, title search, insurance, recording fees, credit reports and possible other cost.  


A checklist of documents we may ask for at the time of application include:

  • W-2 forms from the previous two years, if you collect a paycheck.

  • Profit and loss statement or 1099 forms, if you own a business.

  • Recent paycheck stub

  • Most recent federal tax return, and possibly the last two tax returns.

  • List of assets, bank statements, mutual fund statements, brokerage statements and records of other investments.

Home Financing Calculators:

Should I refinance?   Should I buy or rent? 

How much will I save by increasing my mortgage payment? How much mortgage might I qualify for? 

Calculator disclaimer: The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. Presented by TimeValue Software© 2022.

Mortgage Loan Officers

Premier Financial Credit Union National Mortgage Licensing System & Registry

Credit Union NMLSR ID# 705211



Sara Cardinal


Brad Grant


Allen Schlorf


Christofer Schultz


James Vandenhouten


Consumers can access mortgage loan originator information at the Consumer Access website:


Common Mortgage Terms

Annual Percentage Rate (APR) A standardized method of calculating the cost of a mortgage, stated as a yearly rate, which includes items such as interest, mortgage insurance and certain points or credit cost.  Because it includes these other items, it is higher than the interest rate a lender will quote.
Appraisal A written report done by a qualified appraiser estimating the value of the property.
Adjustable Rate Mortgage With an adjustable-rate mortgage, the initial interest rate is fixed for a period of time, after a certain period of time, the rate will adjust based on the terms of your agreement. 
Balloon Mortgage A mortgage that is not fully amortized over the term of the loan; leaving a balance due at maturity.  Balloon mortgages have shorter terms usually five years.
Closing Costs Expenses incurred by a borrower when purchasing or refinancing a mortgage.
Collateral Property pledged as security for payment of the loan.
Down Payment The initial amount of money the buyer pays in cash and does not finance with a mortgage.
Escrow An account that is used to hold money for property taxes and insurance until payment is due.  Money is added to the account every time a mortgage payment is made.
Fixed Rate Mortgage A mortgage with an interest rate that will remain the same for the life of the loan.  Most often 15 or 30 years.
Homeowners Insurance An insurance policy that covers loss or damage to the property.
Principal The amount of debt, excluding interest left on a loan.



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