Home Loans

NEW "Can Do" Jumbo Mortgage

Need a jumbo loan for up to $850,000 with better-than-market pricing and low down payments? USE has it – and without the jumbo fees. Choose from a 15- or 30-year fixed rate, or lower your payments even more with a 3/1, 5/1 or 7/1 ARM. We’re also doing cash-out refis and jumbo financing for condos and townhouses, too. But don’t wait... this program is only offered for a limited time.*

*USE will acquire a security interest in all properties used as collateral for a home or equity-based loan. Certain terms and restrictions apply. Regular fees may apply at the end of the loan (e.g., responding to a demand and/or preparing a reconveyance). Financing available for California owner-occupied property only. Comprehensive fire and hazard insurance may be required. Please consult your tax advisor for IRS guidelines on the deductibility of interest payments.

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First Mortgages

When you're in the market to buy a home or refinance your existing home loan, make USE your first stop! We offer home-buying solutions to fit every lifestyle. Choose from a variety of first mortgage options:

• My Community Mortgage^TM
• 40-Year Fixed
• 30-Year Fixed
• 20-Year Fixed
• 15-Year Fixed
• 10/1 Adjustable Rate Mortgage (ARM)
• 7/1 Adjustable Rate Mortgage (ARM)
• 5/1 Adjustable Rate Mortgage (ARM) - Available with 30 and 40-year terms
• 3/1 Adjustable Rate Mortgage (ARM) - Available with 30 and 40-year terms
• 1-Year Adjustable Rate Mortgage (ARM)

Special Mortgage Loan Programs to Fit Your Specific Needs:

• Interest Only Loans
• USE 575
• Flat Fee Loan

Enjoy the benefits of a USE First Mortgage:

• 100% financing available²
• 45-day rate lock with a one-time, no cost float-down
• No Pre-Payment Penalty
• Loans from $50,000 to $1.5 million

Personalized Service:

Our experienced home loan professionals will work with you every step of the way to find the home loan solution that works best for you. Click here to find the home loan specialist in your area.

Visit Our Home Loan Website to Learn More and to Get Started!

As a Member, You Have Free Access to These Great Home-Buying Resources:

• Home Rebates Center
• Home Loan Calculators
• Access to MLS
• Home-Buying Seminars
• Rate Watch Service
• Track Your Loan Progress

The Last Home Loan You'll Ever Need - Even with Fluctuating Rates:

With interest rates staying low, you may be asking yourself if you should refinance your home loan. Well, when your home loan is financed through USE, you are automatically entitled to rate modifications as the interest rate fluctuates. So instead of refinancing your home loan and paying the higher price of closing costs every time the interest rate drops, you can pay a small rate modification fee instead!³

A Home Equity Line of Credit at No Additional Cost:

With every home loan you finance or refinance through USE, we will give you a Home Equity Line of Credit up to $100,000 at no additional cost! A Home Equity Line of Credit can help you remodel, buy new furniture, add a pool, and much more!

For exact program details, including rates and fees, please contact our Real Estate Department at (866) USE-4-YOU (873-4968).

Important Disclosure Information:
All loans subject to credit approval. Rates, terms, and conditions subject to change without notice. Rate is based upon credit criteria. Your rate may be higher. Interest rates on "special situation" programs may be higher. Please consult your tax advisor for IRS guidelines on the deductibility of interest payments. USE is an Equal Housing Lender. Financing available for California properties only. Property restrictions may apply. Property insurance required. Comprehensive fire and hazard insurance required. Flood insurance may be required. Mortgage insurance required on loan-to-values greater than 80%.

The closing costs, monthly payments, and annual percentage rates listed by the calculators in response to your inquiries are estimates only. Actual amounts may vary, depending on when you lock in your mortgage rate through a formal application. Interest rates are subject to change without notice. In addition, closing costs and monthly home loan payments may be subject to additional charges and may include certain one-time costs, such as points, private mortgage insurance, and other prepaid costs.

For a more accurate approximation of closing and monthly costs, submit as much information as possible using the online 1st Mortgage Loan application. An experienced USE Credit Union professional will review your information and contact you within 48 hours of receipt of your online application.
1. Appraisal cost must be paid at loan inception and will be refunded when the loan funds. $995 is the closing cost fee for conforming and jumbo home loans. First Trust Deed loans must be between $150,000 and $650,000 to qualify for $995 Flat Fee. Closing cost do not include pre-paid interest or tax.
2. Valid on 3/1 and 5/1 Adjustable Rate Mortgages only. Other fees apply. Mortgage Insurance required on loan-to-values greater than 80%. Loan terms and conditions subject to change without notice. All loans subject to approval. USE is an Equal Housing Lender.
3. Restrictions may apply.