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Mortgages at Central Coast Federal Credit Union |
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Pick a Rate and Program
Central Coast Federal Credit Union offers a full range of mortgage programs. We recommend you select from our list of basic programs, shown below. You can also choose from our complete list of mortgage options - all offered at the most competitive interest rates. Our mortgage specialists are available by phone or email to answer any questions you might have.
| Program |
Rate |
APR |
Disc. Pts. |
Orig. Pts. |
Max Amt. |
% Down |
LTV(%) |
Type |
|
30 Year Fixed
|
6.625 |
6.765 |
.25 |
1.0 |
227,150 |
10 |
90 |
Owner-Occ./
Non Owner-Occ. |
|
15 Year Fixed
|
6.375 |
6.515 |
0 |
1.0 |
227,150 |
10 |
90 |
Owner-Occ./
Non Owner-Occ. |
|
5% Pledged Asset Account
|
|
0.140 |
0 |
0 |
227,150 |
Zero Down!* |
100% |
Owner-Occ. |
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Jumbo Loan 15-Year
|
6.75 |
6.890 |
.25 |
1.0 |
500,000*** |
10 |
90% |
Owner-Occ./
Non Owner-Occ. |
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Jumbo Loan 30-Year
|
7.00 |
7.140 |
.25 |
1.0 |
500,000*** |
10 |
90% |
Owner-Occ./
Non Owner-Occ. |
Rates posted Thursday, January 28, 1999. (Rates subject to change without notice)
Current rates apply to qualified applicants only.
*Borrowers must meet minimum credit qualifications and have available assets to pledge in order to obtain 100% Financing.
*** to ask about higher loan amounts.
30 Year Fixed Rate Mortgage
The interest rate and payment stay the same for the entire term of the loan. This mortgage offers the lowest monthly payment while protecting you against interest rate increases.
15 Year Fixed Rate Mortgage
Just like a 30-Year Fixed Rate Mortgage, the payments on the 15-year mortgage remain the same for the term of the loan. Since the term is half as long as a 30-year mortgage, your payments are higher. This is a better mortgage: your equity builds faster and you spend significantly less on interest. This loan may be viewed as a "forced" savings account.
5% Pledged Asset Account
NO CASH DOWN PAYMENT. The minimum required cash to move into the property is 3% of the sales price. Your immediate family may donate the 3% "pledged account" on your behalf.
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How to Contact Us
| email: |
Phone: (831) 393-3480 |
Or Write to Us at: PO Box 640, Marina, CA 93933-0640
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