SafeAmerica Credit Union

Home Loans

A mortgage loan option to fit your lifestyle

Buy or Refinance your Home

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SafeAmerica can help you buy your dream home or refinance your existing mortgage.

Whether you're in the market to purchase or refinance a home, or you'd like to apply for a second mortgage loan to use your home's equity, we have the loan you need at the rate you want. Our friendly mortgage loan officers are here to help, every step of the way.

Purchase or Refinance a Home

Learn about your mortgage options and see if you prequalify to find out how much you may be able to borrow.  Or, feel free to call us at (800) 972-0999 to speak with a mortgage specialist.

Choose the loan that's right for you!

Fixed-Rate Mortgages

Typically the most common type of home loan, the fixed-rate mortgage maintains its same interest rate for the life of the loan, so the principal and interest remain the same, too. This makes a fixed-rate mortgage a popular choice for homeowners who prefer a stable, budget-friendly monthly payment. Fixed-rate mortgage loans are available in 10, 15, 20 or 30 year terms.

 

A right fit if you...

  • Want your interest rate and monthly payment to stay the same
  • Need the predictability of fixed payments
  • Plan to stay in the home for several years

Adjustable-Rate Mortgages (ARM)

An adjustable-rate mortgage, or ARM, is a home loan with an interest rate that can change periodically, meaning the monthly payments can go up or down. Most ARMs have an initial fixed-rate period, followed by a longer period during which the rate changes at preset intervals. ARMs, offer a lower starting interest rate and therefore, a lower monthly payment initially.  After the fixed-rate period ends, the interest rate can go higher or lower.

A right fit if you...

  • Are looking for a lower payment during the first  few years
  • Plan to move into a different home within the next 10 years
  • Plan to pay-off your mortgage within the next 10 years

Conforming and Jumbo Loans

SafeAmerica Credit Union offers both conforming and jumbo loans, depending on your borrowing needs.  Conforming loan limits vary depending on the County in California, but are currently $453,100 in most parts of the United States. 

Jumbo mortgages are home loans that exceed conforming loan limits, up to $2,000,000, making them a better option for purchasing in a higher-priced area.  

FHA, VA, and USDA Mortgages

FHA Loans

An FHA loan is a type of government-backed mortgage insured by the Federal Housing Administration. Borrowers pay for mortgage insurance, which protects the lender from any potential loss. Because they are government-backed, FHA home loans have attractive interest rates and less stringent qualifications, such as down payments as low as 3.5%.

VA Loans

Veterans Affairs (VA) loans do not always require a down payment and are available to military veterans and active military members. These home loans are made through private lenders and are guaranteed by the Department of Veterans Affairs, so they do not require mortgage insurance. 

USDA Home Loans

USDA home loans are specialized mortgages meant to assist rural and suburban homebuyers achieve the dream of homeownership. They offer unique benefits, such as $0 down payment, low interest rates and minimal mortgage insurance. USDA loans have certain eligibility requirements. 

 

For more information about any of these types of loans, please call us at (800) 972-0999, extension 293 to speak with a mortgage specialist.

Rates

First Mortgage Loan Rates   Rates as of 1-1-20
Type Program Interest Rate APR1
30-year Fixed Conforming 5.000% 5.045%
30-year Fixed Jumbo 5.000% 5.043%
20-year Fixed Conforming 4.875% 4.935%
20-year Fixed Jumbo 4.875% 4.932%
15-year Fixed Conforming 4.750% 4.826%
15-year Fixed Jumbo 4.750% 4.822%
10-year Fixed Conforming 4.625% 4.732%
Purchases, Adjustable Rate Mortgages, FHA, VA and USDA Mortgages
For purchase options and current rates, please call (800) 972-0999, ext 293 or email realestate@safeamerica.com to speak with a mortgage specialist.

 

APR (Annual Percentage Rate) subject to change without notice. Actual APR offered may differ depending on a variety of underwriting criteria. All loans require SafeAmerica Credit Union membership in good standing and are subject to credit approval.

1 1st Mortgage loan rates are subject to change daily. Call for current rates, APRs, additional payment samples, or further information. For a 30 year loan at 5.000%, pay $5.38 per month per $1,000 borrowed, for a 20 year loan at 4.875% pay $6.54 per month per $1,000 borrowed, for a 15 year loan at 4.75% pay $7.79 per month per $1,000 borrowed, and for a 10 year loan at 4.625% pay $10.43 per month per month $1,000 borrowed.

*The new conforming limit will varies depending upon the County in California in which the single family residence is located. $625,500 represents the conforming loan limit for Alameda County. Your county may be lower.

Second Mortgages (Home Equity Loans) and HELOCs

Let your home's equity work hard for you!  Use the equity in your home to make good things happen.

Use the equity in your home for home improvements, college education, debt consolidation or anything else you want to make happen. With low rates, no closing costs and low payments, you can take advantage of the money when you need it.

 

Home Equity Loan

A Second Mortgage, or home equity loan, is a fixed-rate loan distributed in one lump sum, with terms that range from 7.5 to 15 years. You pay it back in fixed monthly installments.

A right fit if you...

  • Anticipate a large one-time expense such as a wedding, the purchase of a second home, or debt consolidation.
  • Need the predictability of fixed monthly payments to help you budget

Home Equity Line of Credit

home equity info here

Add rates to table...

Home Equity Loan Rates (Second Mortgage)    Rates as of 1-1-20
Type Maximum Amount Interest Rate APR1
15-year Fixed $250,000 5.990% 6.091%
7.5-year Fixed $250,000 5.125% 5.299%

APR (Annual Percentage Rate) subject to change without notice. Actual APR offered may differ depending on a variety of underwriting criteria. All loans require SafeAmerica Credit Union membership in good standing and are subject to credit approval. Interest may be tax deductible, consult a tax advisor. Equal housing lender. Adequate property insurance required for the life of the loan. Flood insurance may be required. Other restrictions may apply.

1Second mortgage loans and HELOCs available for up to the lesser of 80% of appraised value or $250,000 on owner occupied primary residence only in California. Processing fee on all fixed rate second mortgage loans is $995. Sample payment for a 15 year fixed rate second mortgage at 5.99% would be $8.44 per month per $1,000 borrowed. If appraisal is required, member will be required to pay full cost of appraisal, in advance.

IMPORTANT INFORMATION

APR’s (Annual Percentage Rate) subject to change without notice. Actual APR offered may differ depending on a variety of underwriting criteria. All loans require SafeAmerica Credit Union membership in good standing and are subject to credit approval.

1st Mortgage loan rates are subject to change daily. Call for current rates, APRs, additional payment samples, or further information. For a 30 year loan at 4.25%, pay $4.91 per month per $1,000 borrowed, for a 20 year loan at 3.625% pay $5.86 per month per $1000.00 and for a 15 year loan at 3.25%, pay $7.02 per month per $1,000 borrowed.

Second Mortgage loans and HELOCs available for up to the lesser of 80% of appraised value or $250,000 on owner occupied primary residence only in California. No processing fee on loans or limits to $100,000. Processing fee on loans or limits of $100,001 - $250,000 is $500. Sample payment for a 15-year fixed rate second mortgage at 5.99% would be $8.44 per month per $1,000 borrowed. Maximum lifetime variable HELOC APR is 18%. No annual HELOC fee. If appraisal is required, member will be required to pay full cost of appraisal, in advance.

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