Home Loans

1st Mortgage Refinance

Maximum Loan Amount is $600,000
Primary residence only, maximum loan to value of 70%
15 or 30 year fixed rate terms are available
Property must be in Santa Barbara, San Luis Obispo, Ventura, or Kern county
Credit union pays for appraisal & credit report
Member is responsible for 1% loan origination fee (point)
Member is responsible for title & escrow fees, (range from $1,700.00 to $2,150.00 depending on loan amount)
All points & fees may be deducted from loan proceeds at closing
Credit Union does not require or offer Escrow / Impound accounts
Example 15 year mortgage at a rate of 5.99%, 6.15% A. P. R. has 180 monthly payments of $8.43 per $1,000 borrowed.
Example 30 year mortgage at a rate of 6.78%, 6.88% A. P. R. has 360 monthly payments of $6.51 per $1,000 borrowed.
NMLS # 810491

Click the links below to download our Refinance Loan Application.

Real Estate Loan Application

Refinance Loan Application Part 1 Refinance Loan Application Part 2 Refinance Loan Application Part 3

Second Mortgage-Home Equity Loan (not a line of credit)

Owner Occupied

Maximum loan to be granted for home improvement or other investments is $300,000. The collateral must be a one to four unit owner occupied dwelling within Santa Barbara or adjacent counties. The credit union will pay appraisal fees. The member will pay title insurance, recording, escrow, document and reconveyance fees. The maximum combined loans may not exceed 70% of the appraised value.

Example second mortgage for 10 years at 6.25% A. P. R. has 120 monthly payments at $11.23 per $1,000 borrowed.
Example second mortgage for 15 years at 6.75% A. P. R. has 180 monthly payments at $8.85 per $1,000 borrowed.
Example second mortgage for 20 years at 7.25% A. P. R. has 240 monthly payments at $7.90 per $1,000 borrowed.

NMLS # 810491

See our Loan Rates

For more information contact the Loan Department at 805-682-2467.