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SESLOC Supports Central Coast Teachers

SPECIAL OFFER! Home Loans for as Little as 1% Down*

Our roots as the premier credit union for school employees makes us proud to offer fixed or adjustable rate home loans with down payments as little as 1%, designed especially for K-12 teachers.** Thank you for educating the youth in our community, now let us support you!

Eligibility:**

   

Discuss your eligibility and rates with our real estate experts to get started.


You can also call 805.543.1816 or email us at REinfo@sesloc.org.

  • Full-time, presently employed K-12 school teachers
  • Permanent substitute teachers
  • Loan must be for the purchase of your primary residence

Simply call us or request a free consultation to see if you’re eligible. We’ll guide you through the lending process and find a solution with a competitive rate that’s right for you.

* Loan terms based on credit history, and are subject to credit approval. Some restrictions apply.
** Other eligibility qualifications required for loan approval, including but not limited to: employment as full-time, presently employed kindergarten through twelfth grade school teacher or permanent substitute teacher for those grade levels, loan must be for the purchase of primary residence and must qualify for mortgage insurance through the credit union mortgage insurance provider.


Fixed Rate First Trust Deed 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 terms
  • Low or no points options
  • Pre-qualification with no obligation
  • Financing up to 99% loan to value

Adjustable Rate First Trust Deed Loans

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

  • A 5 or 7-year initial rate hold
  • 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 99% loan to value

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