Real Estate Loans
Let's buy a house together.
Our real estate lending team can help guide you through one of life’s biggest financial purchases—buying a home. Want to refinance an existing mortgage? We can do that too. Oh, and did we mention that we offer “no closing costs” options? Yeah, pretty cool.
First Trust Deed
If you’re looking for payment stability, our fixed rate First Trust Deed loan offer 10, 15, 20, and 30 year terms. As one of the Central Coast’s premier lenders, we have conforming and non-conforming mortgages in the San Luis Obispo and Santa Maria area. When it comes time to apply, we can provide a personal one-on-one consultation, or if you can use our online mortgage application.
Adjustable Rate Mortgage (ARM)
An ARM may be good a good solution if you plan to buy or sell your home in the near future. The rate on this loan adjusts (changes) every 2 or 5 years after an initial “fixed” period. This provides an initial interest rate that is significantly below the market rate for a 30-year fixed rate mortgage. With an ARM, your payments can change after the initial fixed period depending on rates at that time. Our most popular ARM is a 5/5 Hybrid ARM, and is a great first mortgage option. This innovative loan offers no closing costs, has a 5.00% lifetime cap increase over the original rate, and the rate only adjusts every five years. All loans are subject to approval. Other conditions may apply.
FHA Mortgage Loan
With a CoastHills FHA loan, you can take advantage of low down payment requirements. You also get the choice between low fixed rates or adjustable rates to tailor a loan to your financial situation. Put it all together and you get a loan that makes sense for first-time homebuyers, members with past credit issues, or anyone wanting lower up-front expenses.
- No income limits
- Seller contributions up to 6% of sales price
- Gift funds to 100%
- Purchase, cash out, no cash out, and streamline refinances
- No reserve for 1 or 2 single family residences
VA Mortgage Loan
As the original credit union for Vandenberg Air Force Base, we have strong ties to our U.S. military families. That’s why we’re happy to offer VA loans—to help veterans and military personnel to move into the homes of their dreams. This loan features:
- No down payment requirement
- 100% financing available
- No private mortgage insurance
- Closing cost are limited by VA