Mortgage Purchase Rates

* Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (maximum loan amount is $806,500) are calculated based on a loan amount of $250,000 with closing costs of $3,000. The minimum loan amount is $75,000. Rate is assuming a 30-day lock. Your actual APR may be different depending on these factors.

**Rate adjustment information
Interest rates shown are for informational purposes only and are based on a single-family detached, owner occupied property located in California, LTV of 60%, and a credit score of at least 740. Certain interest rate and/or discount point adjustments may apply depending on loan features, LTV and credit worthiness. Maximum loan-to-value (LTV) will vary by product. Additional restrictions and conditions may apply. 

*** Adjustable rate mortgages are tied to the Index of the weekly average yield on United States Treasury securities adjusted to a constant maturity of one year, as made available by the Board of Governors of the Federal Reserve System. The most recent Index value available as of the date 45 days before each Change Date is called the "Current Index.” Your rate may be different than what is shown. 2. Variable rate. APR and payment subject to increase after loan consummation. Rate is fixed for the first five, seven or 10 years, depending on program, and adjusts periodically thereafter based on a fully indexed rate. 3. Floor rate = start rate. Treasury Indexed ARM interest and payment adjustment occurs every 12 months after the initial fixed rate period. Rate caps : 5% first adjustment cap, 2% annual adjustment, and 5% over the lifetime of the loan. Margin : 3%.

Please note that interest rates may change throughout the day. The rates above are SCU posted rates as of 8 AM each morning. For "up-to-the-minute rates," please call your mortgage loan originator or SCU member services at (916)444-6070.