Home Purchases

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Homebuyers start their journey here

Purchasing a home is a big financial step. Sacramento Credit Union's (SCU) mortgage experts work closely with you to understand your goals and help you find the perfect fit.

Come home to more mortgage options:

We're always excited to help members purchase a house and make it a home. That's why we provide access to various mortgages that fit every budget and lifestyle.

Fixed-Rate Mortgages

Budget with certainty with a rate that never changes over the life of your mortgage. The 30-year fixed option is our most popular mortgage, but we also offer other terms that allow you to pay your home off sooner.

Adjustable-Rate Mortgages

Take advantage of a lower initial interest rate that's fixed for up to five years before resetting annually based on market conditions. This is a good option if you plan to sell your house within seven to 10 years, or if you have flexibility in your budget to absorb any rate increases. There are annual and term cap limits that keep your rate from skyrocketing, too.

FHA Financing

FHA-insured mortgages offer buyers many benefits, including better interest rates, lower down payments, relaxed credit requirements and more.

Lock and Shop

Get peace of mind by locking in your interest rate for up to 90 days while you're still shopping for your home.* If rates drop, you can lock it in again.


With HomeAdvantage, you can shop for the home of your dreams, research schools and neighborhoods, check comparable sales in your area, learn the value of your home and earn Cash Rewards** on every real estate transaction.

First Time Homebuyer Programs

These special loan programs lower the barriers to homeownership, allowing more California members to realize their dreams. We can help determine whether it is better to buy or rent, determine how much house you can afford and link you to special programs that can make home buying more affordable.

* Interest rate is locked at application date for 90 days from the date of the signed initial Lock and Shop lock-in agreement. Borrower must sign and date initial lock-in agreement. Borrower is allowed to re-lock at current market rate one time for 60 days during the processing period of their loan. Interest rate cannot be re-locked until after borrower has obtained a fully executed purchase contract. Interest rate must be locked in prior to loan closing documents being drawn. Borrower must notify Sacramento Credit Union of intent to re-lock and must sign and date lock-in agreement for 60 days after the purchase contract has been executed. All locks will be priced at the Sacramento Credit Union published interest rate on the day of the rate lock. Conforming 30, 20, 15 and 10 year fixed-rate mortgages are eligible for the Lock and Shop program. Sacramento Credit Union credit and underwriting guidelines apply and all home loans require underwriting approval. Lock and Shop can be utilized for owner-occupied purchase transactions only with a maximum loan-to-value of 80% and a maximum loan amount of $453,100. FHA, VA and non-conforming loans are ineligible for the Lock and Shop program. Program is subject to change or cancellation at any time without notice.

**The HomeAdvantage program is made available to you through a relationship between Sacramento Credit Union and CU Realty Services. Program Cash Rewards are awarded by CU Realty Services to buyers and sellers who select and use a real estate agent in the HomeAdvantage network. Home buyers or sellers are not eligible for Cash Rewards if they use an agent outside this network. Using Sacramento Credit Union for a mortgage is not a requirement to earn Cash Rewards. Cash Rewards amounts are dependent on the commissions paid to the agent. Sacramento Credit Union may have specific rules on how your Cash Rewards will be paid out. Cash Rewards incentives are available in most states; however, are void where prohibited by law or by the lender. Please consult with your credit union to get details that may affect you.