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1st Mortgage Refinance

  • Maximum Loan Amount is $600,000 (maximum loan to value 70%)
  • Member's primary residence only (owner occupied)
  • Property must be in Santa Barbara, San Luis Obispo, Ventura or Kern county
  • 15 or 30 year fixed rate terms are available
  • Credit union pays for appraisal & credit report
  • Member is responsible for 1% loan origination fee (point)
  • Member is responsible for title & escrow fees, (range from $1,700.00 to $2,150.00 depending on loan amount)
  • All points & fees may be deducted from loan proceeds at closing
  • Credit Union does not require or offer Escrow / Impound accounts
  • Example 15 year mortgage at a rate of 5.94%, 6.10% A. P. R. has 180 monthly payments of $8.41 per $1,000 borrowed.
  • Example 30 year mortgage at a rate of 6.81%, 6.91% A. P. R. has 360 monthly payments of $6.53 per $1,000 borrowed.
  • NMLS # 810491