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Tired of the roller coaster ride of adjustable rate mortgages but still need to lower your payments? Then our new 40- year fixed mortgage is the perfect blend that will get you living comfortable again. Amortized over 40 years, payments are significantly lower than other loans and our low FIXED rates will reduce the stress of worrying about the future of your payments. This product will give you peace of mind and ease the monthly strain on your budget. Call or visit us today for details and to apply.
Apply TODAY and we will pay for $250 of your closing costs !! |
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Whether you are purchasing new home or refinancing
your existing home, our credit union has a variety
of first deed of trust mortgage products designed
to meet your every need. We offer fixed-rate mortgages
with terms of 15 or 30 years. We can finance up
to 80% of the appraised value of your property.
The home must be located in the State of California.
Since our mortgage loans are "non-conforming"
there is far less paperwork, fewer and lower associated
fees, and fewer hassles than dealing with traditional
mortgage brokers and lenders.
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We now offer adjustable rate mortgages
on either 15 year or 30 year terms. Our rate is
indexed to the Constant Maturity Treasury rate
monthly values, plus 2.75% and is adjusted annually
on the anniversary date of your mortgage. The
annual cap on rate increases is 2%, with a lifetime
cap of 5%. We will finance up to 80% of the appraised
value of your property; the home must be located
in the State of California. As we offer "non-conforming"
loans, we do not subject you to the large amount
of paperwork and hassles associated with conforming
loans at most mortgage lenders.
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Need to remodel your house? Need a new roof before
the winter rains hit? How about college tuition
for the kids? A second deed of trust mortgage
from the credit union may be your answer...We
offer 15-year terms (not to exceed 80% of the appraised
value of the property less what is owed on other
recorded liens). The property must be your primary
residence and be located in the State of California.
As we offer "non-conforming" loans,
we do not subject you to the large amount of paperwork
and hassles associated with conforming loans at
most mortgage lenders.
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Our business credit line program is much like
our home equity credit line program- great rates
and terms with no gimmicks and fast turn-around
time on processing your application. You may borrow
up to 80% of the appraised value of any property
you own on a first lien or up to 70% on a second
lien (less what you owe on the first lien). The
property must be located in the State of California
The term of the loan is fifteen years, with a five
year draw period extendable at the discretion
of the credit union.
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| Our Home Equity Line of Credit Loans have been our fastest growing Mortgage Product for one reason. Our rates and terms are about the best on the entire west coast! No gimmicks, no tricks- just low closing costs, low rates (no teaser rates here that shoot up after six months) and fast turn-around time on processing your application. You can borrow up to 80% of the appraised value of your home (less what you owe on your first deed of trust) to use any way you want. The term of the loan is fifteen years, with a draw period of five years (extendable at the discretion of the Credit Union). Be it for a new car, college tuition expenses, remodeling, a vacation... and the interest may be tax deductible. (As always, please consult a qualified advisor in tax matters.) For credit lines up to $50,000 we also offer valuable yet affordable member payment protection.
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Have you ever thought of investing in some rental
property? We can help with our residential rental
property loan program. We can secure the loan
either as a first or second deed of trust for
properties used as residential rental units located
within the State of California. For first deed
of trust loans, you may borrow up to 80% of the
appraised value of the property. On second deed
of trusts the maximum is 70% of the appraised
value less what is owed on the first deed of trust.
We offer terms up to twelve years to qualified
borrowers. For further details on our policies
or to receive an application, please call our
Loan Department at (831) 393-3480 extension 211 or 228
during our regular business hours.
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With real estate prices on the rise, investing
in a parcel of unimproved property may be a wise
decision. We are here to help...Central Coast
FCU offers unimproved property loans for up to
50% of the appraised value of the land on 15 year
terms. The property must be located in the State
of California. For more details on our unimproved
property loan program, please contact our loan
department at (831) 393-3480 extension 211 or 228 during
our regular business hours.
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