Refinance

Save money or free up cash when you refinance your mortgage. If you’re looking for a better interest rate or lower monthly mortgage payment, we'll help find the solution that's right for you.

Get started with an application or speak with a Mortgage Loan Officer »

For a free consultation, call (805) 543-1816, email or book an appointment »

Fixed Rate Home Loans

With a fixed rate, you have the advantage and security of knowing your rate and your monthly payment will not change for the term of your loan. Features include:

• 15 and 30-year terms¹
• No closing cost option²
• Low or no points options
• Pre-qualification with no obligation
• Financing up to 97% loan to value³

Adjustable Rate Home Loans

Compared to a fixed rate loan, these loans have lower initial interest rates, which mean lower monthly payments. Even after the initial rate hold period, rates cannot adjust more than 1% annually or 5% over the life of your loan. They also feature:

• A 1, 3, 5, or 7-year rate hold⁴
• No closing cost option²
• Rate adjusts annually after the initial rate hold
• Rate caps to provide added security
• Low or no-points options
• Pre-qualification with no obligation
• Financing up to 97% loan to value³

Rate Index: 11th District cost of Funds - 1% Annual Rate Cap / 5% Lifetime Rate Cap

¹Payment Example: For a fixed rate loan in the amount of $400,000 for 30 years with an initial interest rate of 4.000% (APR 4.049%*), the estimated monthly payment would be $1,909.66. Payment example excludes taxes and insurance. Actual payment will vary based on final loan terms and may be higher. Refer to the Payment Calculator below to estimate additional payment examples.
²No Closing Cost Option available for first mortgages on primary residences only. Not available with financing on investment or commercial properties. SESLOC will pay closing costs, including but not limited to: lender’s title services, escrow services, appraisal, tax service, credit report, flood certification and recording fees. Paid closing costs do not include points, pre-paid interest, hazard insurance premiums, initial escrow deposit, or property taxes. Other restrictions apply. A rate premium will be added to the applicable loan rate.
³Loan terms based on credit history, and are subject to credit approval. Some restrictions apply.
⁴Payment Example: or a 7/1 adjustable rate loan in the amount of $400,000 for 30 years with an initial interest rate of 3.250% (APR 3.346%*), the estimated monthly payment would be $1,768.38. Payment example excludes taxes and insurance. Actual payment will vary throughout the life of the loan, based on final loan terms and changes to the rate index after the initial fixed period. Rate and payments may increase after consummation. Refer to the Payment Calculator below to estimate additional payment examples.
*APR = Annual Percentage Rate