Real Estate Loans
Buying a home is a big step—and we're ready to help. SAFCU's Mortgage Center has everything you need to find the perfect home loan, as well as provide valuable insights into the home-buying process. Our Mortgage Center features a current rates tracker, calculators, insurance information, refinancing options, and most importantly, an online loan application.
A Wide Variety of Mortgage Options
We have a loan for nearly any financial situation. Here's a quick sample:
- Fixed Rate Mortgage - This "traditional" loan maintains its original interest rate throughout the entire life of the loan.
- Adjustable-Rate Mortgages - A loan that offers initial lower payments with increased purchasing power.
- FHA/First Time Homebuyers Program - We have several options that require minimal down payments and loan fees.
- Jumbo Loans - If your financing needs are greater, a Jumbo loan may be the right choice.
Apply for a SAFCU mortgage: Call (866) 936-0585 or visit our branch.
SAFCU Home Equity At-a-Glance
|Home Equity Line of Credit|
Up to 80% loan to value- Variable Rate as low as Prime plus 1.00%
With 12-month Introductory Discount of 1.00%
|Prime rate as of December 16, 2015 is 3.50%|
|Second Trust Deeds|
|181 to 240 Months and up to 80% loan to value||As low as 5.99% APR|
|121 to 180 Months and up to 80% loan to value||As low as 5.49% APR|
|61 to 120 Months and up to 80% loan to value||As low as 4.99% APR|
|Up to 60 Months and up to 80% loan to value||As low as 4.49% APR|
Second Trust Deed
SAFCU's Home Equity Loan lets you borrow the money you need at a rate lower than most consumer loans including credit cards, personal loans and retail charge cards. In addition, interest paid on a Second Trust Deed may provide valuable tax deductions.1 Add it all up and our Second Trust Deed is the smart way to borrow.
Second Trust Deed Details
- Borrow up to 80% of the value of your property
- Terms up to 20 years
- Interest may be tax-deductible1
- Low fixed rates and payments
Apply for a SAFCU Second Trust Deed: Call (866) 936-0585 or visit our branch.
1Speak to your tax advisor.
Home Equity Line of Credit
SAFCU's Home Equity Line of Credit (HELOC) is the flexible way to access the equity in your home. Once you're approved, you can draw from a revolving line of credit. You only pay interest on the money you draw. As you pay it back, it becomes available again to borrow when you need a low-rate loan. Similar to our Second Trust Deed, interest paid on a HELOC may provide valuable tax deductions.1
- Borrow up to 80% of the appraised value of your property
- Low cost option - No application fees or points
- Interest may be tax-deductible1
- Easy cash access
- A revolving line of credit when you need it
Apply for a SAFCU Home Equity Line of Credit: Call (866) 936-0585 or visit our branch.
|SAFCU Home Equity At-a-Glance|
|Home Equity Line of Credit
|Purpose||A one-time financial need, such as a home repair or car purchase.||A one-time financial need, as well as ongoing credit needs.|
|Interest Rate||Fixed interest rate||Variable interest rate|
|Payment Options||Fixed monthly payment||Monthly payments are low, based on the outstanding balance, not the total amount of the credit line|
|Cash Access||Paid out in a single check or electronic transfer||Via online banking, touch-tone banking, convenience check, or by phone. Funds transferred to your Credit Union checking can be accessed via ATM.|
|Revolving credit line||No||Yes|
|Tax deductible interest||Yes1||Yes1|
1Speak to your tax advisor for details.
Mortgage Loan Originators
Santa Ana Federal Credit Union Institution ID # 419857
Jill Mahany, MLO # 568773
John Hendrix, MLO # 568770