More Information
  About Us
  Privacy Statement
  Calculators
  Insurance Information
  Property Information
Back to Home
PSECU HOME • MORTGAGE CENTER • CONTACT US• GLOSSARY
Other Property Information
PSECU can finance the following property types:
  • Owner-occupied 1-4 unit properties.
  • Condominiums - certain restrictions may apply
  • Planned Unit Developments (PUD) certain restrictions apply if attached housing.
  • Vacation Homes (must be suitable for year-round use).

The following property types are not eligible for financing:

  • Investment Properties (see our Equity Loan Program)
  • 5+ units
  • Vacant Land (see our Equity Loan Program)
  • Mobile homes (single or double-wide) 
  • Commercial properties
  • Properties that are agricultural in use.
  • Time Share properties
  • Cooperative projects
  • Living Trusts

Properties with the following characteristics will be considered on a case-by-case basis (certain requirements must be met):

  • Earth Shelters, Log Homes, Geodesic Dome Homes
  • Excessive Land generally when land value exceeds 30% of the total subject property value
  • Lack of thermostatically controlled heat to all living areas
  • Spring as water source

The following are unacceptable characteristics of properties and are not eligible for financing with PSECU:

  • Cesspools
  • Cisterns
  • Gravity Heat

Eligible Occupancy Types:

  • Owner Occupied
  • Second/Vacation Home when majority use is by borrower

States:

  • PSECU only finances mortgages in Pennsylvania.






Copyright ©2010 Prime Alliance Solutions Inc.
All rights reserved. Privacy Policy 		We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.