Don't settle for less with your first home
At Credit Union of Southern California (CU SoCal), we believe you're not just buying a house, you're building a better life and investing in a place for your loved ones to gather and make memories, brick by brick. We strive to make your first homebuying experience as easy as can be, with competitive rates, low down payments, and flexible terms to suit the specific needs of first-time homebuyers.
Rates
View All RatesKey Advantages
Down payments as low as 3%
You don't need to make a 20% down payment to buy a house. Get a mortgage loan with as little as 3% down, so you can buy sooner and have cash left over.
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Find your home online
Home Rewards is our free online home shopping platform that provides access to MLS listings and home valuations in just a few clicks. You’ll also get a commission rebate when you find your home using Home Rewards realtor!2
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Low lender fees
Saving you as much as $400 over other lenders, our low, flat origination fee is another example of how CU SoCal brings affordability to the mortgage process. As a not-for-profit credit union, we are committed to saving you money during your homebuying journey.
Multiple loan terms to suit your needs
Choose a repayment term that works for your budget and needs. Not only do we provide great rates, but we also offer terms between 10, 15, 20, and 30 years to give you more flexibility over your monthly payments.
Learn MoreApply for a first time home buyer loan
When it comes to likely the largest purchase you'll ever make, get a mortgage loan that's designed for first-time homebuyers. With our many benefits, including lower interest rates and personalized assistance, CU SoCal makes it easy for you to get funding for your first home.
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- The information provided assumes the purpose of the loan is to purchase a primary residence, single-family dwelling in California with a LTV below 60% or for a no-cashout refinance. Loan pricing that you may qualify for can be different based on your credit history, loan-to-value (LTV), occupancy, property type, loan amount, loan purpose, and income/financial obligations. Estimated payment is $4.21 per $1,000 borrowed for 60 months for a 30-year term. Payment example does not include cost of property taxes or insurance, so the actual payment obligation may be greater. Rates and programs are subject to change without notice. Rate is subject to increase. Existing CU SoCal mortgage loans are ineligible for 2.990% rate. Member must credit qualify.
- Rebate is awarded by Home Rewards Group, Inc. to buyers and sellers who select and use a real estate agent in the Home Rewards network. Rebate is 20% for purchase only of a residential property. Payment is credited to your benefit at the close of transaction. Using CU SoCal for a mortgage loan is not a requirement to earn the rebate. Purchase price must be greater than $150,000. All rebates are subject to limitations, lender guidelines, state laws and other requirements. Certain properties may not be eligible for rebates. Please consult a qualified tax professional for advice on tax implications from receiving a rebate. Home Rewards Group, Inc. is not affiliated with CU SoCal. Excludes commission owed to buyer’s agent.
Credit Union of Southern California NMLS #454788
The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s Web site (www.consumerfinance.gov/hmda).
Fixed-Rate Conforming Mortgage
| Product | Interest Rate | Points | APR* | Est. Payment per $1,000 |
|---|---|---|---|---|
|
Product:
10-Year Fixed |
Interest Rate:
6.625% |
Points: 0 |
APR*:
6.729% |
Est. Payment per $1,000:
$11.42 |
|
Product:
15-Year Fixed |
Interest Rate:
6.875% |
Points: 0 |
APR*:
6.949% |
Est. Payment per $1,000:
$8.92 |
|
Product:
20-Year Fixed |
Interest Rate:
7.1250% |
Points: 0 |
APR*:
7.185% |
Est. Payment per $1,000:
$7.83 |
|
Product:
30-Year Fixed |
Interest Rate:
7.375% |
Points: 0 |
APR*:
7.422% |
Est. Payment per $1,000:
$6.91 |
Rates Effective as of: January 22, 2025
The rates, fees, and APRs listed are our best rates. The information provided assumes the purpose of the loan is to purchase a primary residence, single-family dwelling in California with a LTV below 60% or for a no-cashout refinance. The rate-lock period is 45 days and the assumed credit score is 720. Your costs may be higher depending on credit history and underwriting criteria. The rates and terms above are subject to change without notice. For a personalized rate quote, please call our home loan specialists at 800.698.7196.
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