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How CU SoCal home loans create value for you

The real estate agent explains the business contract, rent, purchase, mortgage, loan, or home insurance buyer concept.

Buying a home is one of the largest purchases you will make in your lifetime, and Credit Union of Southern California (CU SoCal) is one of the area’s most trusted mortgage lenders. Whether you are looking to purchase a new home or refinance your existing property, CU SoCal’s mortgages can help you reach your goals.

Let’s look at some of the most popular types of mortgage loans and how they provide value:

  • A fixed-rate mortgage provides you peace of mind knowing that your rate will never change during the life of your loan. Choose between a conforming loan or high-balance loan, depending on the amount you want to borrow. Various terms are available based on your preference and financial goals.
  • An adjustable-rate mortgage (ARM) is a mortgage that has an interest rate that adjusts during the loan term. If you are looking for a low-rate option to save on your monthly payment and interest costs, an adjustable-rate mortgage may be the right choice for you.
  • Federal Housing Administration (FHA) loan. This can be a smart choice for first-time homebuyers. Qualifying for an FHA loan is typically easier and requires a low down payment.
  • S. Department of Veterans Affairs (VA) loan. This option is for Veterans who have served or are presently serving in the U.S. military. These loans often feature no down payment, low interest rates, and limited closing costs.
  • Out-of-state property financing. CU SoCal can accommodate Members who want to buy an out-of-state property through our affiliation with Penny Mac.
  • First-time homebuyer programs. Members who have not owned a home for many years, or at all, may benefit from this type of mortgage loan option. These programs make it easier for you to qualify with lower down payments and other flexible lending terms.

Our Mortgage Loan Originators will guide you through the mortgage process so you select the mortgage loan that fits your needs and creates the most value.

Applying for a CU SoCal mortgage is easy! You can apply Online, call the CU SoCal Home Loans team at Center at 800.698.7196, or email us at [email protected].