POLICE MORTGAGE
Featuring Killed in the Line of Duty Loan Protection
Chicago Patrolmen’s Federal Credit Union is one of a limited number of financial institutions in the country to offer Killed in the Line of Duty Loan Protection, a special debt cancellation benefit created exclusively for active Law Enforcement Officers.
Available for Mortgages at NO COST to the borrower, Killed in the Line of Duty Loan Protection is a complementary benefit that will cancel up to $850,000 of the outstanding balance of one or more eligible loans* should the unthinkable happen to an Officer due to a line-of-duty incident.â€
How Does it Work?
Close or refinance a mortgage* with the Credit Union and you automatically receive Killed in the Line of Duty Loan Protection†for the duration of said loan!††There are no additional costs and no strings attached!
What Do We Offer?
- Conventional Mortgages
- Purchase Money Transactions
- FHA Loans VA Loans
What Else Do We Offer?
- Free Pre-Approvals
- Customized Terms
- Quick and Easy Closings
- Low Money Down Options
Police Mortgage is a full-service lender with a variety of mortgage programs designed to serve those who serve and protect.
Please contact John Aretos (NMLS ID: 268165). If you would like to speak directly with John, please call 312-499-8878.**
*To qualify for Killed in the Line of Duty Loan Protection, qualifying members must take out a new eligible loan for $25,000 or greater; or an aggregate of two or more new eligible loans for $25,000 or greater. Eligible Credit Union loans include Mortgages and Home Equity Loans; Auto, Motorcycle and Boat Loans; Signature Loans, Uniform Loans, Tuition Loans, Student Loan Consolidations, and Credit Cards.
**Offered through our wholly-owned Mortgage Subsidiary, Police Mortgage, LLC. (NMLS: 268815).
†Killed in the Line of Duty Loan Protection is available only for the qualifying officer, and the protection may not be purchased outright. This debt cancellation benefit only applies in the case of death. Please see loan addendum upon loan closing for more details.
††Approved Killed in the Line of Duty Loan Protection remains intact for the duration of the loan as long as the loan remains with the Credit Union. If the loan is refinanced by another institution, Killed in the Line of Duty Loan Protection is cancelled. Killed in the Line of Duty Loan Protection will not apply if a member retires or begins to work part-time duringg the term of the Loan.
Complete Killed in the Line of Duty Loan Protection details and restrictions.
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