|Check||3% Down Payment||
Our 97% Conventional Loan is a great option for a lower down payment.1
|Check||Combo Loan (80/10/10)||
Make a small down payment without mortgage insurance being added to your monthly payments.
|Check||Adjustable Rate Mortgage (ARM)||
Benefit from lower initial rates with our ARM products. An ARM is an interest rate that adjusts with the current market index, instead of fixed rates that remain the same.
|Check||Balloon Mortgage (30 due in 15)||
For investment properties. Benefit from lower 30-year fixed loan rates, paid over a 15-year term with a balloon payment due at the end. May be ideal if you plan to sell before the balloon payment is due.
Basic Elements - Legal Text
130 Year Fixed Rate Mortgage purchase loan is based on an owner-occupied single family residence, property located in California or Nevada. Rate and payment example are for a loan of $647,184, 30 year fixed rate, note rate of 6.250% as of 6.28.22, 6.642% APR, initial principal and interest payment of $3,984.32, or $6.16 per $1000 borrowed. Example requires 97.00% loan-to-value (LTV) with tax, insurance and mortgage insurance. Impounds are required. Minimum 740 Credit Score. Payment example does not include any amounts due for prepaid interest, taxes, insurance premiums or homeowner association dues; if applicable your payment will be greater. This is not a guarantee to lend at given APR. Rates and Terms are subject to change. Other restrictions may apply. Actual rate will be determined after receipt of completed application and prior to execution of loan documents. Rate lock may not be available until final loan approval. SCE FCU NMLS# 456631, CMF NMLS# 266418. Community Mortgage Funding (CMF) is our credit union owned mortgage company. Loans made or arranged pursuant to a California Financing Law license #6039200. Nevada Exempt Company Registration #4721.