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First Mortgage Loan Programs

Whether you are purchasing your first home or refinancing your current residence, the Credit Union is committed to finding the best loan product for your financial needs.

Our loan counselors are available to answer any specific questions that you may have. Please call 916-569-5473 or 800-962-0990 ext. 5473 to leave a message and a Schools Financial Credit Union real estate loan counselor will return you call to assist you with current rates and other details about our loan programs. Higher rates and/or fees may apply.

Fixed-Rate First Mortgages

  • 15- and 30-year terms
  • Interest rate and monthly payments are fixed throughout the term of the loan.

See today's rates

 Short-Term, Low-Rate Mortgage 

This mortgage loan has it all - including new LOWER rates! With no closing costs2,3 or points, this loan can't be beat. Choose your term: 

  • 5 years at 3.35% / 3.35% APR3
  • 7 years at 3.55% / 3.55% APR3
  • 10 years at 3.75% / 3.75% APR3

Financing up to 80% of your home's value4,5,6 and interest may be tax  deductable!7 For more information or to apply, contact a Schools home loan expert at 916-569-5473 or 800-962-0990 ext. 5473.

See today's rates

    1 Closing costs paid by the lender include credit report, document preparation, tax service, title and similar fees that are customary and reasonable to a standard refinance transaction.   
    2 If more than 20% of the original principal amount is paid off within the first 12 months a pre-payment charge equal to the amount of your closing cost or the sum of six (6) months’ advance interest on the amount of the excess, whichever is less will apply.
    3 APR=Annual Percentage Rate. All loans are subject to credit approval and Credit Union policies and procedures. Representative example: A $100,000 loan with an Annual Percentage Rate of 3.35% and a 60-month term would have a payment of $1,812.46. Representative example: A $100,000 loan with an Annual Percentage Rate of 3.55% and an 84-month term would have a payment of $1,346.26. Representative  example: A $100,000 loan with an Annual Percentage Rate of 3.75% and a 120-month term would have a payment of $1,000.61. This program and rate is subject to change andy may be discontinued without advanced notice.
    4 A 20% down payment is required on purchases.
    5 Investment properties will be limited to a combined-loan-to-value of 60%.
    6 Minimum loan amount restricted to $50,000 and a maximum of $417,000. 
    7 Consult your tax advisor regarding the deductibility of interest.