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Compare Mortgage Types

FIXED RATE MORTGAGE

  • Best if you want a low monthly payment.
  • Fixed interest rate
  • 10, 15, 20 or 30 years
  • Learn more

10/30 ADJUSTABLE MORTGAGE

  • Best if you plan to be in your home less than 10 years.
  • One-time interest rate adjustment.
  • 30 years – Fixed for 10 years. One-time adjustment to current 30-year fixed rate.1
  • Learn more

FIRST-TIME HOMEBUYER

  • Best if are buying a home for the first time.
  • Fixed/Adjustable interest rate
  • 10, 15, 20 or 30 years or 10/30 Adjustable Mortgage
  • Learn more

HOMEBUYERS DREAM PROGRAM

  • Have received approval for Down Payment Assistance from an approved city or county program.
  • 30 year fixed interest rate
  • Learn more

HOME EQUITY LINE

  • Best if you need some extra money to cover home improvements or general expenses.
  • Variable interest rate
  • 15 years – 10 year draw period, 5 year repayment
  • Learn more

CONSTRUCTION-TO-PERMANENT2 FINANCING

  • Best if you want to build your dream home and enjoy peace of mind during the process.
  • Fixed interest rate
  • Construction – 15 months
    Permanent – 10, 15, 20 or 30 years
  • Learn more

NEW CONSTRUCTION COMMITMENT PROGRAM

  • Best if you want loan approval and a lock-in rate on your permanent mortgage before you start construction.3
  • Fixed interest rate
  • 10, 15, 20 or 30 years
  • Learn more

1 Or a maximum of 3.00% over the initial rate.

2 Subject to credit approval.

3 This program applies to the permanent financing after the completion of the home. Piedmont Federal does not provide financing for the construction of the home.

 

FIXED RATE MORTGAGERead more

10/30 ADJUSTABLE MORTGAGERead more

FIRST-TIME HOMEBUYERRead more

HOMEBUYERS DREAM PROGRAMRead more

Best if you

Want a low monthly payment.

Plan to be in your home less than 10 years.

Are buying a home for the first time.

Have received approval for Down Payment Assistance from an approved city or county program.

Interest Rates

Fixed

One-time rate adjustment

Fixed/Adjustable

Fixed

Terms

10, 15, 20 or 30 years

30 years -
Fixed for 10 years
One-time adjustment to current 30-year fixed rate1

10, 15, 20 or 30 years or 10/30 Adjustable Mortgage

30 years

Benefits

Interest rate and monthly payment stay the same for the term of the loan

By selecting a lower term, you can pay off your mortgage in a shorter amount of time.

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Lower initial rate - ½% below current 30-year fixed rate mortgage product.

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No loan origination fee. Appraisal fee refunded at closing.

Accepts loan request up to 90% Loan To Value3 with no PMI2.

Down payment may come from a gift.

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No loan origination fee. Appraisal fee refunded at closing.

Accepts loan request up to $180,000 or 90% of the sales price, whichever is less. No PMI2.

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Free Services

PFPinnacle
Online Banking
eStatements

See our many payment options

PFPinnacle
Online Banking
eStatements

See our many payment options

PFPinnacle
Online Banking
eStatements

PFPinnacle
Online Banking
eStatements

 

 

Compare Mortgage Types
Construction Loans and Home Equity Line of Credit

 

 

CONSTRUCTION-TO-PERMANENT5 FINANCINGRead more

NEW CONSTRUCTION COMMITMENT PROGRAMRead more

PIEDMONT HOME EQUITY LINERead more

Best if you

Want to build your dream home and enjoy peace of mind during the process.

Want loan approval and a lock-in rate on your permanent mortgage before you start construction? 6

Need some extra money to cover home improvements or general expenses.

Interest Rates

Fixed

Fixed

Variable

Terms

Construction – 15 months

Permanent – 10, 15, 20 or 30 years

10, 15, 20 or 30 years

15 years -
10 year draw period
5 year repayment

Benefits

Provides financing for the construction of the home.

One application, one closing and one loan, you save money.

Learn more

Does not provide financing for the construction of the home.

Peace of mind with loan approval and an interest rate locked for 9 months before you begin construction.

Our commitment program locks in your mortgage rate for your permanent financing after the completion of your home beyond the normal 60 days, protecting against interest rate changes.

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Draw on your home’s equity to afford home repairs, consolidate debt or pay for education.

Learn more

Free Services

N/A

N/A

PFPinnacle
Online Banking
eStatements

 

1 Or a maximum of 3.00% over the initial rate.

2 Private Mortgage Insurance (PMI)

3 A ratio used to calculate the loan amount requested as a percentage of the value of a home.

4 Must have $10,000 or greater balance on your Piedmont Home Equity Line of Credit to receive PFPinnacle with no monthly maintenance fee.

5 Subject to credit approval.

6 This program applies to the permanent financing after the completion of the home. Piedmont Federal does not provide financing for the construction of the home.

Straightforward, commonsense banking

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