Fixed-Rate Loans Purchasing a home is one of the biggest investment decisions you will ever make. You can trust CBC for professional guidance and efficient processing to make your experience easier. Whether youāre looking to buy a home or refinance, we have you covered. Your interest rate and payment amount will remain the same during the life of your loan No pre-payment penalties Ideal for the homeowner who plans to stay in the home for at least seven years 10 to 30-year terms available Builds equity faster Get Started Today! You can apply now and be pre-approved in as little as 20 minutes! Apply Now Meet our experts Our mortgage team is ready to help and happy to answer your questions! Sarai Warren NMLS# 228558 (805) 278-5797 [email protected] Junior Bibian NMLS# 522456 (805) 278-5716 [email protected] Fixed-Rate Mortgage – Conforming (up to $766,550)1 ProductRate as low asDiscount PointsAPR as low asPayment per $100015 Year5.500%05.500$8.17 30 Year5.875%05.875$5.9230 Year VA5.625%05.653$5.7630 Year FHA5.625%05.653$5.76 Fixed-Rate Mortgage – Non-Owner Occupied2,4 ProductRate as low asDiscount PointsAPR as low asPayment per $100030 Year7.125%07.156$6.7430 Due in 158.000%08.033$7.34 Fixed-Rate Mortgage – High Balance (up to $954,500)1 ProductRate as low asDiscount PointsAPR as low asPayment per $100015 Year6.875%.507.165$8.9230 Year6.875%.507.150$6.57 Fixed-Rate Mortgage – Jumbo (up to $1,500,000) ProductRate as low asDiscount PointsAPR as low asPayment per $100015 Year6.250%.06.275$8.5730 Year6.250%.06.265$6.16 Home Equity Loans – Fixed Rate 2nd3 ProductRate as low asDiscount PointsAPR*Payment per $100015 Year8.500%09.342$9.8520 Year9.000%09.703$9.00 FIXED RATE rates and APRs based on an owner-occupied, single family home, a loan amount of $766,550(conforming) or $954,500 (high balance), a maximum LTV of 95% on purchases and 95% on refinances, a creditscore above 620, 1.000 points paid and approximate pre-paid finance charges of $2,417. A no lender cost optionavailable. For FIXED RATE non-owner-occupied property maximum LTV 70%. Not all products are available for non-owneroccupiedproperties. Rates and APRs based on an owner-occupied, single family home, a loan amount of $50,000, a maximum LTV of80%, credit score above 620 and approximate pre-paid finance charges of $1800. Rate and APR based on conforming loan amount and 70% LTV. Rates are subject to change daily without notice. These mortgage rates apply only with certain conditions. Your rate depends on several factors including occupancy, property type, loan purpose, loan amount, credit score, debt ratio and loan-to-value. The displayed annual percentage rates (APRs) include total points and prepaid finance charges but do not include other closing costs which can include upfront MIP, MIP and funding fee. Loans over 80% LTV require private mortgage. Rates are not automatically locked in at time of application. Loan rate locks can be requested in writing after your loan has been pre-approved by CBC FCU. Terms and Conditions: Must meet membership and account criteria. All loans and loan programs are subject to credit qualifications and approval. Loans are secured by a lien against the property. Mortgage rates and terms will vary based on collateral and credit. Programs, rates, terms, conditions, and services are subject to change or cancellation without notice. Rates displayed are āas low asā and accurate as of 9/4/2024 for purchase and refinance loans. Not available on FHA/VA loans. For current rates and payment examples, please refer to our Rates https://www.cbcfcu.org/fixed-rate-loans/ page. Payments will be higher with property taxes and insurance. Not all applicants will qualify for the lowest rate. Actual rate will vary depending on your creditworthiness, income, loan amount, LTV, and other factors specific to your transaction. *No closing costs means no: origination fee, tax service fee, lenderās title insurance fee, appraisal fee, closing/escrow fee, courier fee, credit report fee, flood certification fee, and recording fees. Other fees and taxes may apply such as: discount points, pre-paid interest, property taxes, and property insurance, which will be the memberās responsibility. Other rates and terms may be available. Additional restrictions may apply. Please visit us online at CBCFCU https://www.cbcfcu.org/home-loan-overview/ to learn more about our home loans or call us at 805.988.2151 for current rates, terms, and conditions. NMLS #460876 Mortgage loans from OceanAir Federal Credit Union may not be available in all states. Related Products Jumbo Loans Great terms and rates. Balances up to $1,500,000 Continue Reading Home Equity Line of Credit Home Equity Line of Credit & Fixed Rate 2nd What can you do with your… Continue Reading Home Loan Overview Home Loan Overview CBC is your trusted partner in getting the home of your dreams…. Continue Reading Need an expert’s help? Fill out the form below and a home loan team member will connect with you. Name* Phone Number* Email* What are you interested in?* Purchase Refinance Cash out refinance Home equity line of credit CAPTCHANameThis field is for validation purposes and should be left unchanged. Yelp Reviews What our members are saying. Leave a Review The Service here is ridiculously good. Especially Sarai and Patty in the Mortgage Loan division. It is personal, fast, easy and they are highly available for questions and concerns. They offer competitive rates, are flexible and informative. Keep doing what you are doing and I will only ever do business with you! LM Lester M. This is one of the best credit unions I have been to. I have 4 different banks just to have variety and this is the best. Easy drive-thru atm and everyone I have dealt with a teller they have been very polite and even made small talk. ML Marcos L. I am so happy that I chose CBC FCU to refinance my home loans. Junior and Kathleen in Ā the origination department were joys to work with, and Ā I received personalized service from the beginning to end, and the process was easy. Robert W. Fortunate to work with Sarai Warren and team! My first conversation with Sarai for a home refinance, with credit cad debt pay off and cash out was on 12/2! I explained to Sarai that I was in a tough financial bind and I needed to have things move quickly. David G. I just wanted to give a shout out to Junior and his team. We just refinanced our home through CBC and Junior went above and beyond to help us with the loan and paperwork. We had tried refinancing with another company and it was a headache. Belle B.
