Pacific NW Federal Credit Union

Yes. Our products and services are exclusively for Pacific NW Federal Credit Union members. And applying is easy! 

Find out if you’re eligible for membership with us by clicking here.

Fixed-rate loans mean you lock in your interest rate during the closing process and your rate will stay the same for the life of your loan. 

An adjustable-rate mortgage gives you a fixed rate for the initial period of your loan, and that rate may be lower than the rate offered by a fixed-rate mortgage loan. But after the initial period, your rate will start adjusting with the markets.

Once an ARM starts adjusting, the rate may sometimes be higher and sometimes lower than what is on offer for a fixed-rate loan. 

A fixed-rate loan means you don’t have to worry about your interest rate increasing. In years to come, if market rates fall significantly below what you are paying, you can consider a mortgage refinance.

Your interest rate and annual percentage rate (APR) are based on factors including your credit score, debt-to-income (DTI) ratio, and overall financial health. In general:

• Higher credit scores get lower rates.
• Shorter loan terms get lower rates.

PNWFCU is a member-owned not-for-profit. That means you belong to a financial institution that takes a personal interest in you.

As a member of PNWFCU, you can improve your financial knowledge through access to a variety of tools and resources, from our online financial education modules to our wealth management services.

Members can also apply for debt consolidation loans, allowing you to simplify your existing loan payments.

You’ll need to supply a comprehensive picture of your overall financial situation. As a result, we will likely ask you to provide:

• Prior-year tax returns
• 1099s and W-2s
• Bank statements and more

If applicable, you’ll need to supply proof of any gifts, grants or other sources of funds for your down payment and closing costs.

Your down payment can be as low as 3%. Just keep in mind that if you put down more, your monthly payment will be less.

You’ll likely need to pay private mortgage insurance (PMI) for down payments under 20%. You should be able to cancel the insurance once you achieve 20% equity in your home.

We’ll pay for your home appraisal, so that’s one less expense to worry about!

We offer an On-Time Closing Guarantee, or we’ll give you a $1,000 closing cost credit! All you have to do is meet certain criteria and we promise a simple and speedy closing process.