Home Loans
Low-Cost Loans for All Your Borrowing Needs
Your Credit Union membership lets you take advantage of our low-cost loans. From personal loans, credit cards, vehicle loans to home loans and home equity lines of credit. We offer it all at some of the best rates around. Even members with unfortunate credit challenges may qualify for a loan at competitive rates.
Apply online for a quick decision and more with anytime eXpress!
A fixed rate loan secured by a 1st Trust Deed. First mortgages are available for purchase and refinance transactions up to $417,000.00 the Conforming Limits in Mohave County for 2013. Contact a real estate representative at 800.894.1200 for competitive daily quotes of fixed rates at various fee and point combinations. Apply online with anytime eXpress. Certain fees, conditions, and restrictions may apply.
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APRs for Conforming loan programs are based on a loan amount of $417,000.00. Conforming loan limits for Los Angeles County are $625,500.00. Minimum loan amount $25,000.00; maximum loan amount $625,500.00. Rates quoted are for owner occupied purchase and refinance no-cash out transactions secured by a Single Family Residence, a LTV of 75%, FICO of 740 and a 45 day rate lock.
Second and Vacation Homes - Loan to Value up to 80% for a term of 15 years, an additional 1.000% will be added to the rate. California condominiums; contact the Real Estate Department for current pricing.
Fees: Appraisal fee range $450.00 to $700.00 depending on the complexity of the appraisal. Other standard applicable fees apply. Refinance Transaction: All closing cost fees except for the processing fee may be rolled into the loan or paid out of pocket. Purchase Transaction: Processing fee is collected upon entering escrow; all closing costs must be paid out of pocket at time of closing.
The published rates listed are the best rates we offer based on current market condition. These rates are subject to change daily without further notice. The actual interest rate is eligible for rate lock at time of final credit approval and upon receipt and verification of all required documentation. Please contact the Real Estate Department for 15 Year Non-Conforming rates and additional details at 800-894-1200 ext. 1883.
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A fixed rate loan secured by a 2nd Trust Deed that allows you to borrow against the equity of your home for a shorter period of time at a fixed rate. On approved credit, members may borrow up to $250,000.00.
The Mortgage Lending Team
(Members of the Nationwide Mortgage Licensing Registry)
- #590998 Christina Trithara
- #891797 Cecilia Solis
- #891786 Barbara Rodriguez
- #891796 Mylene Lansang
- #919472 Deena Ileto
- #804633 Terri Corona
Frequently Asked Questions:
Q: What is a Point?
A: A point is one percent of the loan amount. Ex. Loan amount $150,000.00 = Point of $1,500.00
Q: What does LTV/CLTV stand for?
A: Loan to Value/Combined Loan to Value. This is your loan amount or total loans secured by the property divided by the appraised value of your home.
Q: What does DTI stand for?
A: Debt to income ratio. This is your monthly outgoing expenses divided by your gross monthly income.
Q: What is a negative amortization loan?
A: A loan that allows your principal balance to increase.
Q: Do I have to pay the closing costs out of pocket?
A: Only on a purchase transaction. Refinance transactions have the option to include closing costs and points into the loan.
Q: What is an ARM loan?
A: An ARM loan is an adjustable rate mortgage. Your rate is fixed for a period of time and will adjust at time of maturity. This can cause your payment to increase or decrease.
Q: What is a GFE?
A: A Good Faith Estimate. A GFE provides you with an estimate of closing costs for the program you are applying for.
Important information about procedures for opening a new account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license and other identifying documentation.
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