Just for School Employees
Just for School Employees
SPECIAL OFFER!
Home Loans for as little as
1% Down1
Our roots as the premier credit union for educators makes us proud to offer fixed or adjustable rate home loans with down payments as little as 1%,1 designed especially for school employees.2 Thank you for helping to educate the youth in our community, now let us support you!
Eligibility:2
- Any school employee presently employed either full time or part time with a public or private educational institutions
- 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!
Click the rate or APR* to see a payment example.3
*APR = Annual Percentage Rate
3 Refer to our Payment Calculator to estimate additional payment examples.
Get Started Today
Feel free to contact a Mortgage Loan Officer to learn more about this special program. You can also review the documentation checklist and request a free consultation using the form below, or get started with an application today. When applying for a pre-approval, choose the option for home purchase without an accepted contract.
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 terms3
- Low or no points options
- Pre-qualification with no obligation
- Financing up to 99% loan to value1
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 5 or 7-year initial rate hold4
- 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 value1
1. Loan terms based on credit history, and are subject to credit approval. Some restrictions apply.
2. Loan must qualify for mortgage insurance through the credit union mortgage insurance provider.
3. Click any rate or APR in the chart above to see a payment example. Refer to our Payment Calculator to estimate additional payment examples. Payment examples are based on a set of loan assumptions and are for illustrative purposes only and exclude taxes and insurance. Actual rate, APR and payments will vary based on final loan terms and may be higher. Refer to our Payment Calculator to estimate additional payment examples.
4. Click any rate or APR in the chart above to see a payment example. Refer to our Payment Calculator to estimate additional payment examples. Payment examples are based on a set of loan assumptions and are for illustrative purposes only and exclude taxes and insurance. ARM rates, APRs and payment amounts are subject to change based on changes in the rate index, the One Year Constant Maturity Treasury (CMT) Rate and may increase after consummation. Actual rate, APR and payments will vary based on final loan terms and may be higher. Refer to our Payment Calculator to estimate additional payment examples.
*APR = Annual Percentage Rate
Instant Mortgage Rate Quote & Payment Calculator results are for illustrative purposes only and don’t guarantee a rate. Actual rate, APR, payment amount and closing costs will vary based on final loan terms and may be higher. Consult a Mortgage Loan Officer for more information.
Check out our free, informative eBook:
The Home Buying Journey Explained
Everything you need to know for purchasing your Central Coast dream home.
Get Pre-approved or Apply Now
Select your preferred branch or Mortgage Loan Officer:
Need more info?
Let's chat.
Request a complimentary consultation with one of our Mortgage Loan Officers. Whether you want to purchase a home, refinance your mortgage or just check out your options, we're here to here to help you make informed decisions. Simply fill out our form and we'll contact you shortly.
There is no obligation to join SESLOC or apply for a loan. By submitting this form, you agree to receive email communications from SESLOC and phone calls if this preference is indicated. You can unsubscribe at any time.
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Giving Back to Local Schools
From the News+ Blog
Celebrating a Decade of Giving Back to our Community through Education Grants
In 2022, SESLOC reached a milestone, surpassing $150,000 in education grants awarded to local K-12 teachers. Each month since 2013, SESLOC has awarded education grants in amounts up to $500 for innovative and creative classroom projects and equipment that go beyond the usual classroom budgets.
Education Grants Support Hands-on Learning
SESLOC Education Grants provide funding to support innovation and expand supplies at local K-12 schools. Here’s how a few teachers recently used grants to support their students’ return to the classroom:
Education Grants Support Learning in the 2021-2022 School Year
SESLOC Education Grants provide funding to support innovation and expand supplies at local K-12 schools. Here’s how a few teachers recently used grants to support their students’ return to the classroom:
Shawn
Dan
Mary
Jennie
Mary
Lanie
Greg
Stacey
Aja
Savings are insured to at least $250,000 and backed by the full faith and credit of the U.S. government. National Credit Union Administration, a U.S. government agency.
