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!

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. Payment Example: For a fixed rate loan in the amount of $647,200 for 30 years with an initial interest rate of 5.625% (APR 6.111%*), the estimated monthly payment would be $3,725.65. 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. Payment Example: For a 7/1 adjustable rate mortgage (ARM) loan in the amount of $647,200 for 30 years with an initial interest rate of 4.875% (APR 5.788%*), the estimated monthly payment would be $3,425.04. 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

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

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