SESLOC Supports Central Coast Teachers

Special Home Loans for Teachers

SESLOC Supports Central Coast Teachers

SESLOC Supports Central Coast Teachers

SESLOC Supports Central Coast Teachers

SPECIAL OFFER! 

Home Loans for as little as 1% Down1

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%,1 designed especially for K-12 teachers.2 Thank you for educating the youth in our community, now let us support you!

Eligibility:2

  • 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!

Get Started Today

Check current rates, review the documentation checklist, and request a free consultation to review your options, 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

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.

Home Loans

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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1. Loan terms based on credit history, and are subject to credit approval. Some restrictions apply.
2. 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.
3. Payment 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 our Payment Calculator to estimate additional payment examples.
4. Payment Example: For 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 our Payment Calculator to estimate additional payment examples.
*APR = Annual Percentage Rate

Just for teachers

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In 2020, SESLOC reached a milestone, surpassing $100,000 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.

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