Mortgage Loans

A new home purchase or refinance is within reach.

5/5 Arm Start Rate

Create an account and get started! 2.750%

Our team of real estate experts will help you find a mortgage that best fits your needs and lifestyle. If you’re just starting your new home search, or interested in refinancing your existing home, Southland Credit Union has a variety of options for low rate home loans in Southern California.

Are you a new home buyer or looking to refinance?

Why you'll love Southland Home Loans

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Low Rates

We offer low rates on fixed and adjustable loans.

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Low Down Payment 

As low as 3% down for first-time home buyers.

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Expert Advice 

Discuss all your available options with one of our mortgage experts.

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Options for Everyone 

Government-backed VA and FHA loans are also available.

 

Adjustable Rate Mortgages

An Adjustable Rate Mortgage features a low rate for a fixed period of time, which can be anywhere from three to 10 years. After that, your rate may fluctuate periodically, either once a year or once every five years.

Works best for: Buyers who want to purchase more home at a lower rate. ARMs are also ideal for homebuyers who plan to refinance or resell their home within a few years.

 

Fixed-Rate Mortgages

A Fixed-Rate Mortgage will keep the same rate for the life of the loan. Homebuyers can choose terms for up to 30 years with a fixed monthly payment.

Works best for: Homebuyers who want a fixed payment to allow for long-term budget planning goals. A new home buyer might choose a fixed rate if they have found a home they want to live in for the life of the loan. A homeowner might refinance to a fixed rate if they are seeking more stability in future payments.

 

Government-Backed Home Loans

Government-Backed Loans are mortgages that are available through the Federal Housing Association (FHA) or US Department of Veterans Affairs (VA). FHA or VA loans are designed for borrowers with a lower income, a lower credit score or for those who aren’t able to make a larger down payment. However, government-backed loans have special requirements, including the purchase of mortgage insurance that can add to the overall cost.

Works best for: Home buyers who are veterans or buyers with a limited credit history.

Home Buying Made Easy

Considering Homeownership

Find out how much home you can afford.

Home Buying & Selling Services

Get up to a 25% commission rebate and a 20% escrow discount.

Homeowners Insurance Discounts

Exclusive insurance benefits for Credit Union Members.

Mortgage Payment Help

Having trouble paying your mortgage? We may be able to help.

Loans are available to Southland Credit Union Members only. Credit Union Membership is subject to eligibility. Loans are subject to credit and collateral qualification, other fees and conditions may apply. Rates are subject to change without notice. Other rates may apply based on your individual credit profile. NMLS #685526.

APR=Annual Percentage Rates. The rates offered are examples, and not intended to be inclusive or a commitment to the pricing for which you may qualify. The loan and accompanying interest rates, points, and APRs may differ and be adjusted based on your credit history, loan-to-value (LTV), occupancy, property type, loan amount, and loan purpose. All loans are subject to a qualifying credit score and approval. Interest rates, points, and APRs are subject to change without notice.

ARM=Adjustable Rate Mortgage. The loan and accompanying interest rates, points, and APRs may differ and be adjusted based on your credit history, loan-to-value (LTV), occupancy, property type, loan amount, and loan purpose. Rates are subject to increase or decrease at the end of the fixed rate period, may adjust annually, and are based on an index plus a margin. The current index is the 1-Year London Interbank Offered Rate (LIBOR) as published in The Wall Street Journal. The 5 year Constant Maturity Treasury (CMT) is used as the index for the 5/5 ARM product. P&I payment is subject to change after first interest adjustment.

Southland will send Members a Loan Estimate detailing these costs within 72 hours of receiving a completed loan application. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Additional loan programs are available; ask for details. Other fees and conditions may apply.

Fixed-Rate Loans: Loan amounts vary and depend on property location and number of units. Maximum Loan Amount: Up to 95% combined loan-to-value for purchase and limited cash out. Up to 80% for cash out. 97% loan-to-value for first time homebuyers.

Jumbo Loans: Jumbo Loans are mortgages that exceed $679,650. Loan amounts vary and depend on property location and number of units. Maximum Loan Amount: Up to 75% combined loan-to-value for purchase and limited cash out. Up to 70% for cash out.