Home Loan and Refinancing
You want buying or refinancing your home to be a pleasant experience. We have the tools to make it possible. We have a variety of fixed- and variable-rate products to fit your budget. We also offer very competitive rates for second home and investment properties.
We'll take care of the instant loan decisions, competitive rates and friendly service - all you have to do is pick the house. Our Mortgage Center features rates, home buying information, mortgage calculators and instant online decisions!
Purchasing a home doesn't have to be a hassle. Let us make buying your home a pleasant experience. You can choose between our adjustable- and fixed-rate purchase options.
Our First Mortgage loans feature:
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Terms from 3 to 30 years
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No point loans
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No pre-payment penalties
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100% tax-deductible interest for most California homeowners
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Jumbo and conforming loans
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First-time homebuyer programs
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Free mortgage analysis
Receive an instant loan decision online!
Refinance your first mortgage balance with our no-cost first mortgage replacement loan. No points, no fees, no closing costs - no fooling!
On the House features:
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Low, fixed rate priced competitively with the traditional fixed-rate loan
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No points, no fees, no costs for loans over $15,000 – unlike typical refinance loans
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Maximum loan amount is $600,000
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100% tax-deductible interest for most California homeowners
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Borrow up to 80% of the appraised home value
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Choose a 15- or 30-year payment option
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Second home and investment property loans available - call for details
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Receive an instant loan decision online!
Refinance your first mortgage balance with our interest-only first mortgage replacement loan. PrimeLine First offers a line of credit where your funds become available as you pay down the balance. There are no points, no fees, no closing costs - no fooling!
Our PrimeLine First features:
- Prime rate minus 0.75% APR - current rate
- No points, no fees, no closing costs for loans up to $250,000
- Low payments with our interest-only payment option. Pay interest only for up to 10 years, followed by 15 years of fully amortized payments.
- 100% tax-deductible interest for most California homeowners
- Borrow up to 80% of the appraised home value
- Convenient access to your funds with our free loan checks or using BranchLine
- Loan documents mailed in days
Receive an instant loan decision online!
The Home Loan Payment Relief (HLPR) loan is a national credit union program designed to assist home buyers of modest means purchase a home. Pacific Service Credit Union has allocated $5 million per year to fund these loans for first-time homebuyers.
National guidelines allow individuals who earn up to 140% of the area median income to qualify for the HLPR program. The Credit Union can assist interested borrowers determine specific income levels for the 12 counties we serve.
The HLPR Loan features:
- 30-year adjustable rate offered at 1% below the national average for this loan type
- Fixed-rate for the first 3 years
- Can be adjusted annually up to 1% per year after the first 3 years
- Lifetime cap of 5% above initial loan rate
- As low as 90% loan-to-value
- Low down payment can be gifted funds
- Closing costs paid by the Credit Union
- An impound account for taxes and insurance is required
- Private Mortgage Insurance (PMI) paid by the Credit Union if the loan exceeds 80% of the property value
Receive an instant loan decision online!
To make the search for a new home easier, we can qualify you for your new home purchase. Knowing how much you qualify for will help narrow your search and give you an added advantage when it comes to making an offer. For more information, call a real estate representative at (888) 858-6878, ext. 6220.
Important Information:
Please consult your tax advisor regarding the deductibility of interest. Click here for detailed product information and current rates.
Loans may be processed by CUSO Mortgage under contract with Pacific Service CU to provide mortgage services. California Department of Real Estate License #930036
