First Mortgage Purchase and Refinancing

First Mortgage Purchase and Refinancing

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Get a free appraisal with your SCU home loan!* Limited time offer valid April 24 to June 30, 2017

Click here to view our current rates and begin the application process. Once on the Products page, please click "Get Started" on the left-hand menu to apply today.

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Considering a home purchase or refinance? Save big with a FREE appraisal from Sacramento Credit Union when you finance a new home or refinance an existing home loan from another financial institution. Enjoy competitive rates, personalized service and a streamlined loan process.

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Fixed Rate Mortgages

Fixed Rate Mortgage offers the benefit of predictability and consistency, giving you a locked-in rate for the term of your loan. Available in several repayment terms up to 30 years.

Adjustable Rate Mortgages

An Adjustable Rate Mortgage begins with a lower initial rate and payment, and gradually increases or decreases with market rates on an annual basis. Our ARMs are guarded by annual and loan-term cap limits.

Lock and Shop

Gain peace of mind when you protect yourself against rising home loan rates. Lock in an interest rate for up to 90 days while you shop for the perfect home.** If there's a drop in rates, you can lock again to get the lower rate.

First Time Buyers' Programs

First Time Buyers' Programs are special loan programs designed to make home ownership a reality for buyers in a variety of circumstances.

FHA Financing

FHA Financing is available at SCU to help you save money on your home loan by allowing you to reduce the interest rate on your current home loan quickly; oftentimes without an appraisal. FHA Streamlined Refinance also cuts down on the amount of paperwork that must be completed saving you valuable time and money. To qualify, your original home loan must be an FHA loan in good standing and the refinance must lower your monthly interest payments. You may be eligible if you have an FHA loan and are in good financial standing with no significant debt.

Home Affordable Refinance Program (HARP)

If your home loan is owned or guaranteed by Fannie Mae, you may be eligible to refinance your mortgage with the Home Affordable Refinance Program. HARP requirements were recently expanded to help even more borrowers by opening the program to those who owe more than the current value of their homes. Take the first step to determine your eligibility by visiting: then contact us.


Read our FAQs, get mortgage help or contact us for more information.

*Terms and conditions are subject to change without notice. Additional restrictions may apply. Subject to credit approval. Promotion applies to the purchase of a residential property or the refinance of a residential mortgage. Approved borrowers will receive a credit at the close of escrow for appraisal fees ($350 to $650 depending on type of loan and location of property). Maximum credit is $650. Offer expires June 30, 2017, and all transactions must close by August 30, 2017. FHA and VA loans are not eligible.

**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 $424,100. FHA, VA and non-conforming loans are ineligible for the Lock and Shop program. Sacramento Credit Union Lock and Shop program eligibility applies to all home loan applications submitted on or after May 1, 2017, and the program is subject to change or cancellation at any time without notice.