Rates

Feeling stuck in a home that no longer fits—but holding on because of your great rate? If you’re a current member with an existing Pacific Service CU home loan, you may be eligible for a lower-than-market rate on your next home. Call a member of our real estate team at (888) 858-6878 x5282.

Conforming ARM loans:
Index Source = 30 Day SOFR

Margin = 2.500
Index Rate = 3.705%
Fully Indexed Rate = 3.705% + 2.500 = 6.205%

5/6 Annual Cap = 2.000%
7/1 and 10/1 Initial Rate Cap Maximum = 5.000%; then 2.000% thereafter

Life Cap = 5.000% over initial rate
 

High balance and Jumbo ARM loans:

Index Source = 1 year Treasury

Margin = 2.750
Index Rate = 4.482%
Fully Indexed Rate = 4.482% + 2.750 = 7.232%

Annual Cap = 2.000%
Life Cap = 5.000% over initial rate

Rates and terms subject to change without notice. Collateral protection insurance is required to obtain any secured loan. Must be 18 or older to apply. Loans subject to all credit union policies and procedures. For current information, please call a member service representative at (888) 858-6878. 

Rates, points and programs cannot be guaranteed and are subject to change without notice. Property insurance is required. Flood insurance may apply. No mobile homes. Quoted conforming rates are based on a loan amount of $832,750, rate and term only. Rate adjustments may apply for cash out, loans under or over $832,750, rental/vacation/second home properties or loan-to-value (LTV) over 70% of appraised value. Actual rate will be determined after receipt of application and prior to execution of final loan documents. There are no pre-payment penalties on these quotes. Representative example: Pay $5.99 per month per $1,000 borrowed at 6.000% APR for 30 years. Taxes and insurance are not included in this calculation.

Rates and terms subject to change without notice. Rate, maximum term, and loan amount based on creditworthiness and occupancy. Collateral protection insurance is required to obtain any secured loan. Must be 18 or older to apply. Loans subject to all credit union policies and procedures. For current information, please call a member service representative at (888) 858-6878. 

All home equity loans and lines of credit
Credit limited to California properties of five acres or less and 4 units or less.  An early closure fee of $100 plus actual costs will be imposed if the loan is closed within two years of opening.  Property insurance is required.  Flood insurance may apply.  Notary and reconveyance fees are the responsibility of the borrower.  All persons on the property title are required on the loan application.  All loans require income verification. Member is responsible for all property insurance and taxes.  Other restrictions may apply.  For current information, please call a real estate representative at (888) 858-6878, ext. 5282.

Home equity loans
Rate, maximum term, and loan amount based on creditworthiness and occupancy. Rates increase by 0.25% APR for loans over $832,750.  

• Owner-occupied: We lend up to 90% of the appraised home value, less the first mortgage balance. Minimum loan amount is $15,000; maximum loan amount is $2,500,000. Representative example: Pay $18.87 per month per $1,000 borrowed for 60 months at 4.99% with up to 90% LTV.  Payment example does not include property taxes or insurance.
• Non-owner occupied: For second and investment homes, we lend up to 80% of the appraised home value, less first mortgage balance. Minimum loan amount is $15,000; maximum loan amount is $832,750. Maximum term of 15 years for second homes and 12 years for investment homes. Representative example: Pay $10.45 per month per $1,000 borrowed for 180 months at 9.49% with 80% LTV.  Payment example does not include property taxes or insurance.
• On the House: 7-year term; minimum loan amount is $50,000.  Reference additional qualifications above for owner- and non-owner occupied properties. Representative example: Pay $14.60 per month per $1,000 borrowed for 84 months at 5.99% with 80% LTV.  Payment example does not include property taxes or insurance.

Home equity lines of credit
Rates change with the prime rate as published in the 'Money Rates' section of the Wall Street Journal. Changes to the prime rate will result in changes to the payments. These are variable-rate loans, the rate may change monthly.

• Owner-occupied:  We lend up to 90% of the appraised home value, less the first mortgage balance. Minimum loan amount is $15,000; maximum loan amount is $2,500,000. Minimum payments are interest only for the first 10 years followed by 15 years of fully amortized payments. The home equity line of credit variable rate is 0.00% - 3.00% APR plus the prime rate. Actual costs apply for loans over $250,000. Initial costs generally range between $500 and $2,500 for lines over $250,000. An annual fee of $50 will be charged only if the account is inactive for one year. The minimum APR is 4.00% and the maximum APR is 18.00%. 
• Non-owner occupied: For second home and investment homes, we lend up to 70% of the appraised home value up to the loan amount of $150,000 and 65% with loan amounts between $150,001 and $250,000, less the first mortgage balance. Minimum payments are interest only for the first 10 years followed by 15 years of fully amortized payments (second home) and 12 years of fully amortized payments (investment home). The home equity line of credit variable rate is 0.50% - 2.00% APR plus the prime rate. Actual costs apply for all loans. Initial costs generally range between $500 and $2,500.  Maximum home equity line amount is $250,000. An annual fee of $100 will be charged only if the account is inactive for one year. The minimum APR is 5.00% and the maximum APR is 18.00%.