Mortgages

SDFCU offers many mortgage options including fixed and adjustable low rate loans, a first-time homebuyer option, super conforming and jumbo mortgages, options on vacation homes, second homes, or investment properties, plus options for members living overseas. You can pre-qualify for home purchases through our online application and there is no application fee. Get started on your purchase or refinance today!

Fixed-Rate Mortgages

  • Choose from 30, 20, 15, or 10-year terms
  • Up to 95% Loan-to-Value (LTV)
  • Competitive rates
  • Free 60-day rate lock 
  • Predictable monthly payments over the life of the loan
  • No prepayment penalty
  • Down Payment Assistance Programs considered
  • Home insurance and home buying resources
  • Options for members living overseas to finance as a primary residence
  • Available in all 50 states

Apply Now

To get pre-qualified select Apply Now.

Already applied? Return to your mortgage application.

interior of a home

Adjustable-Rate Mortgages (ARMs)

  • Choose from 3/1, 5/1, 7/1, 10/1 and 5/5 terms
  • Low down payment with up to 95% Loan-to-Value (LTV)
  • Options with no PMI required
  • Competitive rates 
  • Free 60-day rate lock
  • Rate caps apply at each rate adjustment and on lifetime rate adjustments
  • Down Payment Assistance Programs considered
  • No prepayment penalty
  • Available in all 50 states 
  • Home insurance and home buying resources
  • Options for members living overseas to finance as a primary residence

Apply Now 

To get pre-qualified select Apply Now.

Already applied? Return to your mortgage application.


First-Time Homebuyer Mortgage

  • Up to 97% Loan-to-Value (LTV) which means only 3% down payment1
  • Fixed-rate mortgage with predictable payments
  • Competiive rates 
  • Free 60-day rate lock 
  • No prepayment penalty
  • Available in all 50 states
  • Homebuying resources
  • Down Payment Assistance Programs considered

Apply Now 

To get pre-qualified select Apply Now.

Already applied? Return to your mortgage application.

family unpacking boxes

Super Conforming and Jumbo Mortgages

  • Covers loan amounts over the conventional loan limit
  • Super conforming and conforming loans are offered at the same rate 
  • Up to 90% Loan-To-Value (LTV) for jumbo loans. Up to 95% LTV for super conforming loans
  • No prepayment penalty 
  • Down Payment Assistance Programs considered
  • Options for members living overseas to finance as a primary residence
  • Available in all 50 states

Apply Now 

To get pre-qualified select Apply Now.

Already applied? Return to your mortgage application.


Second Homes, Vacation Homes and Investment Properties

  • Choose from terms up to 30 years, fixed or Adjustable-Rate Mortgages (ARMs) (Terms up to 15 years, fixed only for investment properties)
  • Up to 85% Loan-to-Value (LTV)
  • Competitive rates
  • No prepayment penalty
  • Available in all 50 states

Apply Now

To get pre-qualified select Apply Now.

Already applied? Return to your mortgage application.

vacation home

Mortgage Rates

Products 0 Point APR* 1 Point APR*
Fixed Rate Conforming
(Up to $484,350)
   
30-Year 3.875% 3.375%
20-Year 3.750% 3.250%
15-Year 3.250% 2.750%
Fixed Rate Super Conforming**
($484,350 - $726,525)
   
30-Year 3.875% 3.375%
15-Year 3.250% 2.750%
Fixed Rate Jumbo
(Over $484,350)
   
30-Year 4.000% 3.500%
15-Year 3.375% 2.875%
Adjustable Rate Conforming
(Up to $484,350)
   
3/1 ARM 2.875% N/A
5/1 ARM 3.000% N/A
Adjustable Rate Super Conforming**
($484,350 - $726,525)
   
5/1 ARM 3.000% N/A
5/5 ARM 3.125% 2.625%

 

Rates effective November 12, 2019

*Annual Percentage Rate (APR) based on evaluation of applicant's credit. Your actual APR will be within the stated range and will be disclosed at the time of disbursement.

Unless otherwise stated rates subject to change monthly. Rates are posted before any price adjustments. Rates quoted are approx. points charged and based on an 80% LTV with a credit of 740 or higher. Rates are based on 1st Lien Purchase and Rate/Term Refinance transactions.

**Based on geographic location/product type. Due to various federal, state and local requirements, certain products may not be available in all areas.

The displayed Annual Percentage Rate (APR) for the loan products shown reflects the interest rate and approximate cost of prepaid finance charges, but does not include other closing costs or discount points.

The approximate cost of prepaid finance charges does not constitute and is not a substitute for the Good Faith Estimate of Closing Costs (GFE) that you will receive once you apply for a loan. This is not a mortgage loan approval or commitment to lend. The actual fees, costs and monthly payment on your specific loan transaction may vary and may include additional fees and costs.

Conventional Loans with a down payment less than 20% require mortgage insurance which could increase the monthly payment and Annual Percentage Rate (APR).

These mortgage rates are based on a variety of assumptions and conditions which include a consumer credit score which may be higher or lower than your individual credit score. Your loan’s interest rate will depend upon specific characteristics of your loan transaction and your credit profile up to the time of closing.

Mortgage interest rate shown is based on a sixty (60) day lock period. Under certain circumstances, a sixty (60) day rate lock may not be available.

General Disclosures: Adjustable Rate Mortgages (ARMs). The interest rate for the 3/1 ARM is in effect for the first 36 months, respectively. After 36 months the APR is subject to change. After the initial fixed rate-period, your interest rate can increase or decrease annually according to the market index. Any change may significantly impact your payment. Since the index in the future is unknown, the First Adjustment Payments displayed are based on the current index plus the margin (fully indexed rate) at time of disclosure. Information displayed is accurate as of the date of the latest update and is subject to change without notice. Rates are valid up to 11:59pm EST.

Disclosures

 

1Available for term of 30-year fixed-rate mortgage. Primary residence only. Must not have an ownership interest in a property in the last three years. Eligible property types: Single Family Residences, Attached and Detached PUD’s Condominiums. Ineligible property types: Mobile homes, Co-ops. Minimum loan amount of $50,000 and Maximum conforming loan limits apply.

The HMDA data about our residential mortgage lending is available for review contact sdfcu@sdfcu.org or call us at 800-296-8882 or 703-706-5000 to review or speak with a member service representative.