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SDCCU will be closed on Thursday, November 22nd in observance of Thanksgiving Day.
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No Closing Costs Home Loans

5/5 Adjustable Rate Mortgages

SDCCU offers great mortgage loan options with No Closing Costs!¹ SDCCU’s 5/5 ARM loans offer flexibility, stability and no closing costs. Your rate can only change once every 5 years with a maximum rate adjustment of 5% over the life of the loan!

5/5 Adjustable Rate Mortgages

rates starting as low as:
3.500%Rate    4.892%APR²  
Payment example for a $453,100 30 year term with an initial 4.892% APR and with maximum periodic rate increases: $2034.62 per month at an interest rate of 3.500% for the first 5 years; $2495.76 per month at an interest rate of 5.500% for years 6-10; $2922.81 per month at an interest rate of 7.500% for years 11-15; $3104.82 per month at an interest rate of 8.500% for years 16-30. Payment example does not include amounts for taxes or insurance premiums; actual payment obligation may be greater.

 

Benefits of each loan:

 
5/5 ARM
5/5 Power
Purchase
5/5 Power
Purchase Plus
Pay no closing costs1
SDCCU pays your mortgage insurance  

As little as 5% down payment, up to 95% loan-to-value3

   
Just 10% down payment, up to 90% loan-to-value3    

Up to 80% loan-to-value

   
FREE 60-day rate lock

Rate can only change once every 5 years

Maximum rate adjustment of 5% over the life of the loan
Available for refinance
non-SDCCU loans only                      
   

Get pre-qualified for your SDCCU home loan today!

 

The 5/5 mortgages are fixed for 5 years, then becomes adjustable and may increase or decrease once every 5 years. Maximum rate adjustment is 2% per five years and 5% over the life of the loan. The interest rate floor is 2.75%. The interest rate quoted is determined by the weekly average yield on the United States Treasury securities adjusted to a constant maturity of five years (CMT) as made available by the Federal Reserve Board plus a margin of 2.75%. Verification of income, credit, assets, homeowners insurance, hazard, and, if applicable, flood insurance required. APRs, rates, terms and conditions are subject to change.
¹No Closing Costs offer available for owner occupied primary residential purchases and external (payoff of a non-SDCCU originated lien) refinance only. Refinance not available on Power Purchase or Power Purchase Plus loans. Subject to approval. SDCCU will pay your closing costs including but not limited to: lender’s title insurance, title services, appraisal, tax service, credit report, flood certification and recording fees. Paid closing costs do not include pre-paid interest, homeowners insurance, initial escrow deposit, owner’s title insurance, or city and/or county transfer tax. Borrower may select escrow and/or title company. Other restrictions may apply. Reimbursement of closing costs: If the loan is paid off within 36 months of origination, a prorated amount of closing costs will be added to the loan payoff amount.
²Rates and APRs are accurate as of 03/20/18. The rates shown are fixed for 5 years, then becomes adjustable and may increase or decrease once every 5 years. Maximum rate adjustment is 2% per five years and 5% over the life of the loan. The interest rate floor is 2.75%. The interest rate quoted is determined by the weekly average yield on the United States Treasury securities adjusted to a constant maturity of five years (CMT) as made available by the Federal Reserve Board plus a margin of 2.75%. Verification of income, credit, assets, homeowners insurance, hazard, and, if applicable, flood insurance required. APRs, rates, terms and conditions are subject to change. Available for loan amounts up to $1,500,000 and 80% loan-to-value (LTV). This offer does not apply to internal refinances. See other available rates and terms.
³Down payment must be from own funds, gift funds not allowed.