Mortgages & Loans
How Much Home Can I Afford ?
When you're buying a home, mortgage lenders don't look just at your income, assets, and the down payment you have. They look at all of your liabilities and obligations as well, including auto loans, credit card debt, child support, potential property taxes and insurance, and your overall credit rating. Use this calculator to determine how much of a mortgage you may be able to obtain.
Definitions for Single Family Loan Amounts
Conforming Loan Limits : Maximum loan amount $510,400
Super Conforming/High Balance: Loan amounts over $484,350 to a maximum of $765,600
Jumbo Loan Amounts: Loan amounts over $765,600
Jumbo Mortgage
Jumbo mortgages are home loans that exceed conforming loan limits. It is a way to buy a high-priced home here in the Bay area. If you have a lower debt-to-income ratio and a higher credit score, a jumbo loan may be right for you. LEARN MORE about Jumbo Mortgages.
Fixed Rate Mortgage
A great option for those planning to stay in their new home for a long time and who want to minimize the effects of rising interest rates on their mortgages. San Francisco Federal Credit Union's Conventional Fixed-Rate mortgages give you the stability of fixed monthly payments for the life of the loan. In other words, your total monthly payment of principal and interest will remain the same over time. LEARN MORE about Fixed Rates
Adjustable-Rate Mortgage (ARMs)
An adjustable-rate mortgage (ARM) differs from a fixed-rate mortgage in many ways. Most importantly, with an ARM, the interest rate changes periodically, usually in relation to an index, and payments may go up or down accordingly. ARM rates may have a fixed rate period of three years, five years , seven years or 10 years . After the initial fixed rate period, the interest rate and payment may change accordingly. LEARN MORE about ARMs
POPPYLoanTM Mortgage
Given the high price of housing in the Bay area, it can be difficult to save up for a down payment to buy a home. With our PoppyLoan, we will finance up to 100% on your dream home! LEARN MORE about PoppyLoans.
Reverse Mortgage
A reverse mortgage is a loan available to homeowners, 62 years or older, that allows you to convert part of the equity in your home into cash. We’ve partnered with Alliance Reverse Mortgage to make reverse mortgages available to our members. LEARN MORE about Reverse Mortgages
Refinancing Your Home
Swap out your old loan for a new (and better!) one. Whether you have an existing San Francisco Federal Credit Union loan or one with another lender, we have options that may save you money. Rest assured you can count on us for great rates and experienced personalized service for the life of your loan. Enjoy all the features of our refinance mortgage loans. LEARN MORE about Refinancing
- Fixed-rate and adjustable-rate mortgages (ARMs) available
- No pre-payment penalties
- No Private Mortgage Insurance (PMI) or Upfront Mortgage Insurance Premium (UMIP) on many loans
Home Equity Loans
Home equity is the difference between how much you owe on your mortgage and how much your home is worth. San Francisco Federal Credit Union has home equity loan options that allow you to use your home’s equity to help you pay for life’s big expenses. Plus, no closing costs and no annual fee! (1st Mortgages with negative amortization are not acceptable.) LEARN MORE about Home Equity Loans
Home Equity Lines of Credit
A San Francisco Federal Credit Union, Home Equity Line of Credit (HELOC), lets you leverage the equity in your house. The equity that you have built into your home can be used as a line of credit or even a home equity closed end loan.
You can use your Home Equity Line of Credit as a “safety net” for future needs, or you can borrow against the line for medical, automobile purchases, home furnishings, vacations or even to help form that small business you’ve been thinking about. LEARN MORE about HELOC
- Ability to borrow up to your home’s equity1
- Variable rate based on the prime rate
- 10-year draw period, followed by 20-year repayment period
- Convenient ways to access your funds
- San Francisco Federal Credit Union servicing for the life of your loan
Contact Us!
We have home loan experts available to make your experience as smooth as possible. Call us at 1.800.852.7598 x 2977 to speak to one of our knowledgeable and friendly mortgage professionals to answer any of your questions. To schedule an appointment, click here.
Commercial Mortgage
As your local credit union, we offer competitive financing to purchase or refinance your commercial real estate property, including apartment buildings, warehouses, office buildings, shopping centers and more.
For more information, contact a member of our Commercial Relationship Management Group today!
Kelly Tsukamoto
Head of Commercial Relationship
Management Group
415-359-2913
Kelly_Tsukamoto@SanFranciscoFCU.com
Kirk Yee
Sr. Commercial Relationship Manager
415-359-2951
Kirk_Yee@SanFranciscoFCU.com
