A closed mortgage from PACE Credit Union gives you the comfort of knowing you have a great rate, the term you want and a repayment schedule that suits your resources. We will gladly pre-approve your mortgage so that you know exactly how much you can spend and you can choose weekly, bi-weekly or monthly payments. You can even life insure your mortgage for further piece of mind.
The PACE Credit Union Closed Mortgage includes:
- PACE-setting rates! Our low mortgage rates are hard to beat.
- Fast PACE applications! Get pre-approved before you buy!
- Range of terms! Terms ranging from 6 months to 5 years.
- Loans to 80% of appraised value. Amortized up to 25 years.
- The ultimate in flexible payments: weekly, bi-weekly or monthly - tied to your paydays!
- Option to pay down 20% of the original principal annually.
The minimum down payment for new mortgages has been modified.
- For homes with a purchase price less than or equal to $500,000 the minimum down payment is 5%
- For homes with a purchase price greater than $500,000 and less than $1 million, the minimum down payment is 5% of the first $500,000 plus 10% of the remaining balance
Learn more about our PACE Credit Union mortgage rates.