SDCCU offers low rate home loans in San Diego and throughout California. Our low fixed rate and adjustable rate home loans offer low monthly payments and low down payments. Find the loan, refinance or home equity option that best suits you and get pre-approved today!
SDCCU Mortgage Options
SDCCU has you covered with our wide range of mortgage options. Whether you're in the heart of San Diego or anywhere in California, our mortgage and equity programs offer the flexibility and stability you desire for your home financing needs. Enjoy the stability of our low-fixed rate mortgages for 30-year or 15-year mortgage terms, providing consistent payments over the long term. Learn more about each option and discover the mortgage solution that aligns with your financial goals and homeownership dreams.
SDCCU offers the following home loan options:
Explore the most popular home loan options:
30-Year Fixed Rate Mortgage
SDCCU's 30-Year Fixed-Rate Mortgage provides stability and long-term financial planning. With a consistent interest rate and monthly payment over the entire 30-year term, you can enjoy predictability and peace of mind. Compared to shorter-term options like a 15-Year Fixed Mortgage, the 30-Year Fixed Mortgage offers lower monthly payments.
15-Year Fixed Rate Mortgage
Providing a consistent interest and monthly payment over the entire 15-year term, the 15-Year Fixed-Rate Mortgage offers benefits such as accelerated equity growth and substantial interest savings in comparison to a 30-Year Fixed-Rate Mortgage. This mortgage option is particularly well-suited for borrowers who are looking to pay off their mortgage faster, build equity quickly and save on interest expenses.
Adjustable Rate Mortgages (ARM)
Adjustable Rate Mortgages provide multiple options with a fixed rate during the initial period. After the initial period expires, the interest rate becomes variable and can fluctuate. ARM home loans are great for homebuyers who are not planning on keeping their home long-term or plan to refinance in their future.
We offer a variety of rates and terms for your individualized needs. Contact one of our Real Estate Loan Specialists at (877) 732-2848 to learn more.
Payment Examples:
A $420,000 30-year fixed rate at an interest rate of 6.625% (6.679% APR) would have a monthly principal and interest payment equal to $2,689.00. This example does not include taxes or insurance premiums. Rates shown are not intended to be a commitment to the loan type or amount for which you may qualify. All loans are subject to approval. Annual Percentage Rate (APR) may be higher than the rates shown and may vary based on credit qualifications and other criteria. Other restrictions may apply.
A $420,000 15-year fixed rate at an interest rate of 6.125% (6.212% APR) would have a monthly principal and interest payment equal to $3,573.00. This example does not include taxes or insurance premiums. Rates shown are not intended to be a commitment to the loan type or amount for which you may qualify. All loans are subject to approval. Annual Percentage Rate (APR) may be higher than the rates shown and may vary based on credit qualifications and other criteria. Other restrictions may apply.
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Certain terms and conditions may apply. Programs available for properties located in California. Subject to approval. Rate lock available with a specific property identified.
Check out our other home loan resources.
Free financial calculators to calculate how much home you can afford, monthly payment & more.
Explore Financial CalculatorsLearn about rate lock requests, extensions and more.
Explore Mortgage Loan Rate Lock PolicyFAQS
SDCCU offers many convenient ways to make a loan payment. For a loan payment to another account, please use Bill Payer Plus®.
You can apply for a SDCCU home loan online, by visiting any of our branch locations or by calling us at (877) 732-2848. You can apply to refinance your mortgage or apply to purchase a new home through any of these options.
Your credit score is one of several factors that determine qualification for a home loan. Other factors that are considered include debt to income ratio, how well you have managed prior credit and length of credit history. There may be steps you can take to improve your credit score. To learn more about credit management and understanding your credit report, try our free credit counseling service.
While your credit score is one of several factors that determine qualification for a home loan, it is an important measure of credit risk. If you have a poor credit profile, you may want to consider taking the time to build your credit and strengthen your personal finances before purchasing a home. If you have not done so already, check your credit report for any incorrect or outdated items. If there's any erroneous information that's bringing down your score, contact the credit reporting company as soon as possible to have errors removed or disputed. We encourage our customers to speak with one of our home loan experts to help determine the next steps and best course of action to secure a home loan. To learn more about credit management and understanding your credit report, try our free credit counseling service.
Many factors determine your interest rate but being financially responsible and making your payments on time will have a positive impact on your credit score which helps determine your interest rate. Make sure to check your credit report for any incorrect or outdated items along with any erroneous information that is bringing down your score. Contact the credit reporting agency right away to start the process of having the errors removed or disputed.
When you take out a mortgage, it means you are borrowing money to purchase a home. You make a promise to the lender to pay back the money you borrowed, plus the agreed upon interest and will be required to pay each month based on the terms within your loan documents. Remember your home is used as “collateral,” which means you have agreed with your lender to allow a lien against your home and if you fail to abide by the terms of your mortgage, your lender has certain rights to make sure the obligation is satisfied.
With an adjustable-rate mortgage, the initial interest rate is fixed for a period of time generally 1, 3, 5, 7 or 10 years depending on the loan you select. After this initial period of time, the interest rate can change periodically, at yearly intervals or in some cases every 5 years. The interest rate for an ARM is reset based on a benchmark or index, plus an additional spread called a margin. Your rate will be determined by adding the margin and the index. ARMs typically have lower starting rates which can help lower your payments or allow you to qualify for a higher loan amount.
A fixed rate mortgage is a home loan that has an interest rate that doesn’t change. That means your interest rate won’t increase or decrease over the life of the loan. Your payment is the same each month, making it easier to budget for. A fixed rate mortgage is one of the two most common home loan options.
The Fair Housing Finance Agency sets limits for home loan amounts. These loan limits vary from county to county. If you are below the set limit it is known as a conforming loan and when your loan amount exceeds these limits set by the FHFA your loan is considered a high balance or jumbo loan. In some cases a jumbo loan may require a larger down payment or have different credit requirements. SDCCU provides many jumbo loan programs that can help with your financing needs up to $3 million.
A mortgage lender is an entity, typically a financial institution like a bank or credit union, which offers financing, known as a mortgage loan, for the refinance or purchase of a home or real estate.
To determine if refinancing is right for you, call one of SDCCU’s loan experts to help determine what loan programs best fit your financial needs. You can also use one of the mortgage loan calculators, as they can help determine how much you might save from refinancing your home loan with SDCCU. You can contact a SDCCU home loan specialist by calling us or visiting a branch location.
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