Live Better.
Do Better.

Buy a House.

Build a Home.

Low-rate options are available with an Adjustable Rate Mortgage. Rates as low as 4.875% APR* for a 3/1 ARM, or 4.750% APR* for a 5/1 ARM.

NMLS# 449361 \\ *Restrictions Apply

Home Loans

Unlock Favorable Financing

SBCU offers a variety of affordable home loan programs that fit your budget. Whether you’re shopping for your first home, considering the benefits of a home loan refinance, or needing to access an existing home’s equity, we can help.

Our lending professionals will provide members with competitive rates and terms. Experience the personalized service you deserve when we work to customize our products to fit your needs.

New Homebuyers

Eligible SBCU borrowers can purchase their homes with a Federal Housing Administration (FHA), Veterans Administration (VA), Conforming, or Jumbo loan. Tailored loan options may include:

  • Down payments as low as 3%
  • No prepayment penalties
  • 10, 15, 20, and 30-Year Fixed Rates
  • 30-Year Adjustable Rate Mortgage – 5/1, 7/1, and 10/1

Get pre-approved today and show sellers you’re a serious buyer!

Existing Homeowners


Thinking of refinancing your home?  Many homeowners have discovered the benefits of refinancing, such as a lower monthly mortgage payment or significant interest savings over the life of the loan. Let us help you find the right refinance solution for your budget and goals.

Promotion Disclosure

*Adjustable Rate Mortgage promotional disclosure: * APR = Annual Percentage Rate – Our adjustable-rate mortgage (ARM) loan promotion has a fixed rate for 5 or 7 years.  After the initial 5 or 7 years, the rate can change once every year for the remaining life of the adjustable-rate mortgage.  When the rate changes, the monthly payment will increase if rates increase and decrease if rates fall.  Rate changes can occur annually according to the market index.  For ARM interest rates, at adjustment, the new mortgage rate will be the weekly average yield on the United States Treasury securities and adjusted to the 1-Year Treasury index, as made available by the Federal Reserve Board, plus a margin of 2.750% subject to the annual and lifetime adjustment caps. The promotional rates are based upon the following assumptions: 740 FICO, primary occupancy, 80% LTV/CLTV, and property type is a 1-unit single family residence at a 4.875% initial interest rate for first 7-years fixed, the estimated monthly principal and interest payment is $2,646 on a loan balance of $500,000 not including property tax and insurance. Your actual payments after the fixed rate period expires will be determined based on market conditions at the time of the interest rate change per the terms of your loan agreement.  All loans are subject to credit approval. Terms and conditions are subject to change and may vary based on collateral conditions, qualification, and creditworthiness. Fees and charges may apply. Credit Union reserves the right to make adjustments for special circumstances at any time. Loan terms are based on various factors, including the amount financed. This promotion is such to changes and may end at any time. NMLS # 449361.

Home Equity Line Of Credit (HELOC)

If you’re searching for great rates, along with quick and easy access to your money, then a home equity line of credit (HELOC) might be for you. You can use a HELOC for just about any need, from purchasing a car to paying off high-interest debt.

Borrow what you need when you need it. As you repay your principal, that money becomes available to borrow over and over again. That means you don’t have to re-apply every time you need funds. And the interest on a home equity line of credit may be tax-deductible.

  • Competitive interest rates
  • No annual maintenance fee
  • Borrow up to $500,000 (or 80% of the appraised value, less 1st Trust Deed, owner-occupied)
  • Terms up to 25 years
  • 10-year interest-only payments (draw period)
  • Convenient access to your funds through SBCU checks linked to your HELOC account and in-branch withdrawals

Apply online or schedule an in-person meeting with an experienced loan officer by calling 424.327.9790.

Tax Advantages

Home loans offer important tax advantages … regardless of how the funds are used. For information about specific tax benefits please consult your tax advisor or financial counselor. 

Live here. Work here.
Welcome here.

Anyone who lives, works or worships in the South Bay can have an account with South Bay Credit Union.

Live Better.
Do Better.

Contact Information – Mortgage Department

Rosemarie Valdez – NMLS #614019
Direct: 424.327.9804
Fax: 424.275.4386

General Contact: South Bay Credit Union -NMLS#449361 
Direct: 424.327.9790 
Fax: 424.275.4386

You May Also Be Interested In...