PEFCU is here to make it easy
Publix Employees Federal Credit Union offers conventional and jumbo fixed-rate home loans to our members for the purchase or refinance of their primary residence with a minimum down payment of 3%. Any down payment of less than 20% will require Private Mortgage Insurance. We also offer a fixed-rate, 20-year term Home Equity Loan. Minimum loan amount is $50,000. The home must be an existing single family, block or frame house located in Alabama, Florida, Georgia, Kentucky, North Carolina, South Carolina, Tennessee, and Virginia. We do not offer financing for rental properties, vacation homes, or condominiums. Land Loans are available, with a minimum loan amount of $40,000. Construction loans are not available.
Certain restrictions and limitations apply. All loans are subject to credit approval. Only available on Primary Resident purchases $50,000 and greater. Loans will require Private Mortgage Insurance (PMI).
Qualifications
Approval criteria involves the evaluation of each loan applicant’s credit history, employment stability and other verifiable sources of income, as well as assets needed for down payment and other funds needed for closing. In general, a credit score of at least 640 is desirable in evaluating the credit risk associated with a mortgage loan. However, we do not discourage you from applying for consideration of a home loan regardless of your credit score.
Conventional & Jumbo
Whether it's your first time purchasing or you're looking for a refresher, our Mortgage Loan Advisors will happily guide you through the home-buying process. We take pride in mortgaging your home with care, building long-term relationships, and long-term solutions for you and your family. Let us use our creativity and technology to give you the best lending experience ever!
First-Time Home Buyer Program
Our First-Time Home Buyer Program might be what you need to take the next big step to homeownership.
Land Loan
Whether buying a vacant residential lot in a growing community or venturing off to the quiet, wide-open landscape of the country, a PEFCU Land Loan can help you put down roots. Apply today for our low, fixed-rate land loan and enjoy the flexibility of land ownership.
Home Equity
We offer a closed-end, fixed-rate Home Equity Loan to members on a primary residence with flexible terms. If you plan to refresh your home with a new style, do much-needed repairs, or consolidate large debt, our Home Equity Loan options will make you feel right at home.
Looking to buy a new home? Get Prequalified today!
Sellers frequently require a prequalification letter before accepting your offer on a house. A prequalification letter is a document from PEFCU stating that we are tentatively willing to lend to you, up to a certain loan amount. This document is based on certain assumptions and it is not a guaranteed loan offer, but it lets the seller know that you are likely to be able to get financing. PEFCU will pull your credit report to evaluate your creditworthiness for a prequalification. Call one of our Mortgage Loan Officers or click below to get prequalified today!
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Free Annual Credit Report
Prior to initiating a request for a pre-approval, we recommend that you request a copy of your free annual credit report. This will give you a snapshot of your credit file, which you can review it for accuracy. This will also give you the opportunity to address any outstanding issues prior to applying for a home loan. You can request your free annual credit report by calling 877-322-8228 or at www.annualcreditreport.com.
Prequalification Calculator
We strongly recommend that you use our mortgage loan prequalification calculator to help you determine the estimated mortgage amount you may qualify for based solely on your income. While the loan prequalification calculator does not guarantee that you will qualify for a home loan, it is a good starting point.
- Click the following to start: Services Calculators.
- Under the “HOME” heading, click “How much home can I afford?” to start the calculations.
- Click "Continue."
- Once the form is filled out, click on the “Calculate” button.
Then you will find a loan amount, based on the information provided in the Mortgage Information section for both 10% and 20% down payment scenarios.
If at any time you have questions, please feel free to contact the Mortgage Department at [email protected] or by phone at 863-797-1465.