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Peninsula credit Union offers a variety of loan programs to meet your needs.
 
All In One Construction - 10 Year Balloon
Land/Lot Loan 5 Year Balloon
Land/Lot Loan 15 Year Fixed 70% Loan-to-Value
Land/Lot Loan 15 Year Fixed 95% Loan-to-Value

All In One Construction - 10 Year Balloon
30 year amortization, 10 year balloon, interest only first 12 months. During the construction period of your mortgage, your monthly payment will be calculated as the interest due based on the original amount of your loan. After the construction period ends your monthly payments will be calculated based on the original amount of your loan, the applicable interest rate, and remaining loan term.

Term: 10 years  
RatesAPRPoints
4.75%5.027%0%
 
Important Notices •During the construction period, you will be billed monthly for interest due based on the outstanding balance of your construction loan during the month. The monthly payment amount shown above is an estimate of your payment after the construction period ends. The estimated monthly payment amount shown includes principal and interest. Your actual monthly payment will be higher if an escrow/impound account is established or required. •The interest rates, annual percentage rates (APRs), and points shown are subject to change without notice. •The monthly payment amount shown includes principal and interest. Taxes, property insurance, and flood and mortgage insurance (if applicable) are not included in the monthly payment amount. Your actual monthly payment amount may be higher. An escrow account may be required. •Your APR will vary based on your final loan amount and finance charges. •Escrow accounts are not available on the following products: Construction Loan - 12 Month, All In One Construction Loan.

Land/Lot Loan 5 Year Balloon
15yr amortization, balloon in 5 years Maximum Loan-to Value 75%

Term: 5 years  
RatesAPRPoints
7%7.533%0%
 
Important Notices: Unimproved property for the purpose of building a future single family residence. Site must be residential in nature. 10 acres maximum The credit union does not finance land for investment purposes.

Land/Lot Loan 15 Year Fixed 70% Loan-to-Value
15 yr amortization Maximum Loan-to-value 70%

Term: 15 years  
RatesAPRPoints
8%8.336%0%
 
Important Notices: Unimproved property for the purpose of building a future single family residence. Site must be residential in nature. 10 acres maximum The credit union does not finance land for investment purposes.

Land/Lot Loan 15 Year Fixed 95% Loan-to-Value
15 Year Term Maximum Loan-to-Value 95%

Term: 15 years  
RatesAPRPoints
9%9.346%0%
 
Important Notices: Unimproved property for the purpose of building a future single family residence. Site must be residential in nature. 10 acres maximum The credit union does not finance land for investment purposes.



Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $424,100 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $424,100 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.