Traditional 30-Year Mortgages

A Fixed Rate Mortgage Built to Last

Competitive rates and up to 97% financing, with purchase and refinance programs available for single-family homes. One predictable payment for the life of the loan.

Competitive fixed rates that never change

Financing up to 97% of the home's purchase price

Purchase, refinance, and cash-out refinance programs available

Local service from application to closing

Apply for a 30-Year Mortgage

Why Choose Pelican

Borrow With Certainty

Pelican's mortgage loans are built around the features and service that matter most to borrowers. Whether you're buying, refinancing, or accessing equity, here's what you get when you work with us.

Apply for a Mortgage Loan

Purchase, Refinance, or Cash Out

Buy a home, lower your rate, or access your home's equity with a cash-out refinance. Pelican has an option for each stage of homeownership.

Fixed and Adjustable Rates

Choose a fixed rate for predictable payments, or an adjustable rate with a lower start. Your loan officer can help you compare based on how long you plan to stay.

No PMI on Certain Loans

Several Pelican programs don't require private mortgage insurance, even with a smaller down payment. That keeps your monthly payment lower and puts more of it toward your loan balance.

Financing Up to 97%

A large down payment is not always required. On a home purchase, qualifying borrowers can finance up to 97% of the purchase price.

Local Decisions, Not Just Algorithms

Your loan stays with Pelican's team from application to approval. Faster answers, fewer delays, no distant underwriters.

Competitive Credit Union Rates

As a not-for-profit, Pelican returns earnings to members through competitive rates and lower fees, so you keep more of your money over the life of the loan.

Know before you apply

How Much Can You Borrow?

How much Pelican can finance depends on what you're trying to do with the loan. Each scenario below is called a "program type," and each one has a different maximum financing limit based on the level of risk involved.

Scenario 1

Buying a home

You're purchasing a property you don't yet own.

Pelican can finance up to 97% of the purchase price, so a down payment as low as 3% may be enough to get into a home.

Scenario 2

Refinancing your existing mortgage

You own a home, but want to replace your current loan

Replace your current loan with a better rate or shorter term, without taking any cash out. Pelican can finance up to 95% of your home's current value.

Scenario 3

Refinancing and taking cash out

You own the home and want to borrow against  your equity for cash.

Common uses include home improvements, debt payoff, or major expenses. Because you're borrowing more against the home, the maximum financing is lower: up to 80% of the home's current value.

Not sure which applies to your situation?

A Pelican mortgage loan officer can walk you through your options at no cost.

Talk to Our Home Experts

First Time Home Buyer?

If this is your first home or you need more flexibility on down payment requirements, ask about Pelican's specialized programs including FHA, VA, and Rural Development loans. These programs offer lower down payment options and may have more flexible credit requirements.

View Specialized Programs