Loan Options
Buying a home is a big step. You need a lender you can trust and who will work with you through the process. That lender is LAFCU. We can finance or refinance your home and help you make the most of your equity with our affordable range of mortgage and equity options. For help buying a home, click Home Buying Coach.
First Trust Deeds
- Competitive fixed and adjustable rates*
- Fixed-rate options feature up to 80% financing, minus outstanding liens
- No-point, low-point and flat-fee options on fixed-rate loans up to 40 years
- Lower rate fixed to adjustable conversion options
- Free 40-day rate lock
- Pre-approvals available
Second Trust Deeds
- Competitive fixed rates
- No points, no fees for loan amounts under $250,000
- $5,000 minimum loan amount
- Repayment terms up to 15 years
- Borrow up to 90% of your home's appraised value, minus outstanding liens
Home Equity Line of Credit
- Low introductory rate and competitive adjustable rate thereafter
- No points or annual fees
- Convenient access with paper checks or Home Equity Access card
- $5,000 minimum credit line
- Borrow up to 80% of your home's appraised value
Want to finance outside California? Talk to us.
Reverse Mortgage
If you're age 62+ and own a home that's your primary residence, you may qualify to borrow from your equity for a "Reverse Mortgage." Advantages include: no loan repayment while living in the home, no income requirements, payments are guaranteed, and funds received are a loan and not taxable (consult your tax advisor). For info and to apply, contact "CU Members Mortgage" at (866) 408-6889.
Home Search & Commission Rebate Service
Remember that before you buy or sell a home, contact LAFCU to get pre-qualified for a loan, then contact HomeSold for a referral to a real estate agent. The agent will help you find a home, then rebate 25% of their commission to you after escrow closes. Click Here to learn more. This service is sponsored by COLA Insurance Services Corp., LAFCU's service organization.
Easy Ways to Apply
- 24/7 online through e-Home Loans
- In person during business hours at any LAFCU branch (Saturday appointments available)
To check on our current consumer and real estate loan rates, click here.
* Real Estate Loan Rate Example: The approximate payment would be $665 monthly for an LAFCU 30-year fixed rate first trust deed mortgage on an owner-occupied, single family residence with a 7.0% interest rate and 7.15% Annual Percentage Rate (APR), based on a $100,000 mortgage with one point and $1,500 in closing costs. Actual rate, APR, points and closing costs vary and may affect the APR. Loan-to-value is up to 80% based on an LAFCU appraisal.