For Your First Home, a Bigger Home, and Everything in Between

 

Fixed-Rate Mortgage Loans

With a fixed-rate mortgage loan, the interest rate remains the same throughout the term of the loan. Depending on your needs, the term can range from 5 to 30 years. This payment stability makes budgeting finances easier and is a great option if you plan to stay in your home for a longer period of time. This loan can be used for a home purchase or refinance.

  • Conforming loan amounts with down payments as low as 3%
  • Jumbo loan amounts with down payments as low as 5%-10%
  • Flexible loan terms, including 15 and 30 years

Adjustable-Rate Mortgage Loans

With our adjustable-rate mortgage loan (ARM), the interest rate is fixed for the first period of 5, 7, or 10 years, then adjusts up or down annually following the fixed period. An ARM offers a lower interest rate and payments for the first years of the mortgage, allowing an initial lower payment to increase your buying power. This is a great option to consider if you plan to move or refinance your mortgage within the first 10 years.

  • Conforming loan amounts with down payments as low as 0%
  • Jumbo loan amounts with down payments as low as 3%-5%

Both offer:

  • Competitive rates and fees
  • No-points and no-closing costs options¹
  • No prepayment penalty
  • No negative amortization
  • Options for financing Second/Vacation homes and Investment/Rental homes

Compare Home Purchase Loans

 
Fixed-Rate Mortgage
Adjustable-Rate Mortgage
Loan Options
Transaction Type

Home Purchase

Home Purchase

Mortgage Size

Conforming or Jumbo

Conforming or Jumbo

 
Down Payment Options
Lowest Conforming Loan Down Payment Option²

3%

0%

Lowest Jumbo Loan Down Payment Option²

5%-10%

3%-5%

 
Benefits
No points options

✔️

✔️

No upfront fees

✔️

✔️

No pre-payment penalty

✔️

✔️

No negative amortization

✔️

✔️

 
Term Options
Fixed Rate Period

Up to 30 years

5, 7, or 10 years

Adjustable Rate Period

N/A

Up to 25 years

 
Residence Types
Primary Home

✔️

✔️

Second/Vacation Home

✔️

✔️

Investment/Rental Home

✔️

✔️

 
Best Option For

Borrowers planning to stay in the home long-term and who are seeking payment stability for predictable budgeting.

Borrowers prioritizing a lower initial rate in order to increase their buying power and who will likely move or refinance within the first 10 years.

 

 
Fixed-Rate Mortgage
Adjustable-Rate Mortgage
Loan Options
Transaction Type

Home Purchase

Home Purchase

Mortgage Size

Conforming or Jumbo

Conforming or Jumbo

 
Down Payment Options
Lowest Conforming Loan Down Payment Option²

3%

0%

Lowest Jumbo Loan Down Payment Option²

5%-10%

3%-5%

 
Benefits
No points options

✔️

✔️

No upfront fees

✔️

✔️

No pre-payment penalty

✔️

✔️

No negative amortization

✔️

✔️

 
Term Options
Fixed Rate Period

Up to 30 years

5, 7, or 10 years

Adjustable Rate Period

N/A

Up to 25 years

 
Residence Types
Primary Home

✔️

✔️

Second/Vacation Home

✔️

✔️

Investment/Rental Home

✔️

✔️

 
Best Option For

Borrowers planning to stay in the home long-term and who are seeking payment stability for predictable budgeting.

Borrowers prioritizing a lower initial rate in order to increase their buying power and who will likely move or refinance within the first 10 years.

 


Related Articles & Stories
4 Min. Read
4 Min. Read
3 Min. Read

View registered Mortgage Loan Originators

This is not an offer for an extension of credit or a commitment to lend. All applications are subject to borrower and property underwriting approval. Not all applicants will qualify. Limited to funding California properties only.

¹For no-closing-costs option; borrower pays no closing costs, except for recurring costs such as: property taxes, insurance, and loan interest.

²For a residence type of Primary Home. Please contact a Mortgage Loan Consultant to learn of the lowest down payment for other residence types.

Supported Browsers: While most modern browsers will allow you to use the entire Home Loans experience without any problems, we suggest the latest version of Microsoft® Edge, Firefox®, Chrome®, and Safari®.

Membership in Orange County's Credit Union is available to anyone who lives or works in Orange, Los Angeles, Riverside, or San Bernardino Counties. Don't live or work in our area? You may also qualify if your immediate family member banks with us. Ask us for details. Membership fee is $5.

Immediate Family Includes:
Spouse
Child
Sibling
Parent
Grandparent
Grandchild
Stepparent
Stepchild
Adoptive Relationships