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No PMI Mortgages

When interest rates are high, WEOKIE offers another way to save money each month.

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Benefits of a WEOKIE Mortgage With No PMI

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Save Money Each Month

Your monthly payment will be lower when you don't have to pay private mortgage insurance (PMI).

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Affordable Down Payments

You can buy a home sooner with a down payment of just 10%.

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Competitive Rates for ARM Loans

Our adjustable-rate mortgages offer a lower starting rate and you can lock it in while you shop.

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Friendly, Local Servicing

We won't sell your mortgage to a third party so you'll always know who you're dealing with.

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No PMI Mortgages

Key Features of No PMI Mortgages

Typical lenders require private mortgage insurance (PMI) if your down payment is less than 20%. However, we're not your usual lender. With a down payment of just 10%, we'll waive your PMI and help save you money each month. This will make it easier for you to afford the home you need.

  • Pay no private mortgage insurance (PMI) with a down payment as low as 10%.
  • An adjustable-rate mortgage (ARM) offers a lower rate at the start of your loan.
  • This means your initial payments are also lower.
  • The 5/5 ARM 30-Year Loan is fixed for five years and then adjusts every five years.
  • A 10/10 ARM 20-Year Loan is fixed for 10 years and then adjusts once in your 20-year term.
  • A 15/15 ARM 30-Year Loan is fixed for 15 years and then adjusts once in your 30-year term.
  • Get your mortgage pre-approved and find out your likely loan amount and rate.
  • Lock in a rate while you shop for a home.

 

Plus, you can enjoy local servicing and expert guidance when you choose WEOKIE as your homebuying partner!

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Here's How To Apply for Our No PMI Mortgage

Step 1

Apply Online:

Gather your information and documents, then use our simple and secure portal to get started.

Step 2

Get Pre-Qualified:

We'll look at your financial situation and offer you a likely loan amount and rate for your chosen ARM.

Step 3

Find A Home:

With your financing ready, you can go house hunting with confidence and we'll help you close.

"WEOKIE Federal Credit Union was absolutely great in helping us with our loan. They had excellent suggestions in helping us revise our budget and consolidate debt. Thank you so much WEOKIE! We are so glad we called you. We highly recommend and appreciate everything they did for us."

Larry S.

Need help or advice?

Talk with a specialist who can guide you through your options.
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