Which loan best suites my lifestyle?

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. While there are a wide variety of home loans available, it can be a bit confusing trying to find which one is best for your specific situation. Some people want the safety of knowing that their payments will never rise during the life of the loan, and for this, they are willing to pay more for the peace of mind that comes with a Fixed Rate Fully Amortizing Loan.

If the idea of a fixed rate appeals to you, but you would like the benefit of a lower interest rate, the Initial Fixed Rate ARM might be the right loan product for you. This loan has an initial fixed rate for 3 or 5 years that on average is lower than the 30-year fixed rate loan. When the initial fixed rate period is over, the loan automatically converts to a 1-year Adjustable Rate Mortgage (ARM).

Schools Financial Credit Union offers an array of home loans. Our loan counselors are available to answer any specific questions that you may have.

 

Schools First Mortgage Programs

Fixed Rate First Mortgages
· 15- & 30-year Conforming 
· Interest rate and monthly payments are fixed throughout the term of the loan.

· See today's rates.

 Initial Fixed Rate ARM
· Initial fixed rate loan automatically converts to a 1-year adjustable rate mortgage. Fully amortizing, 30-year term.

· See today's rates.

Please call 916-569-5473 and a Schools Financial Credit Union real estate loan counselor will assist you with current rates and other details about our loan programs. Higher rates and / or fees may apply.