Mortgage Lending Services

Mortgage Lending Resources

Related Calculators

Rates

Applications

Frequently Asked Questions

All residents and employees of Santa Cruz and north Monterey Counties may apply.

All residents and employees of Santa Cruz County and north Monterey County may join.

The Santa Cruz Community Credit Union continues to provide mortgage services as we have for many years because you, our members, tell us that you want to be able to come to us for home mortgages. When you apply for a mortgage through us, we determine with you what available rates and terms are best for you, and then usually choose from among a number of mortgage consultants the best mortgage loan package. In some special cases, we will be the mortgage lender.

You and the Credit Union both benefit. We are able to offer you an important service while we receive what is essentially a fee when we are not the lender. Other mortgage brokers will charge you both a fee and a commission that are higher than our fee, and none will care more about seeing that your home investment is in reliable hands.

All mortgage consultants are working in the same mortgage lending market. When you work with us, you are working with a consultant who is interested in finding the best mortgage for you and not in pushing a particular package. In the final analysis, all reliable mortgage consultants follow the lead of a few large mortgage lenders in determining the best financially viable rates and terms that they can offer. Because we have access to those reliable mortgage consultants, chances are quite good that you will not be able to do any better through any other financial institution.

Since home loans are often quite complicated, we have assembled this easy-to-read summary of our Loan Programs. Please feel free to call upon our loan officers to discuss how a Credit Union Loan could meet your special needs and circumstances.

There are five different types of loan programs available from the SCCCU or on a referral program through another lender:

• 1st Mortgage Refinance / call for info
• 2nd Mortgage / call for info
• Home Equity Line of Credit / variable line of credit-10 year term
• Mobile Home Purchases and refinances
• Accessory Dwelling Unit Loans

First Mortgage - Refinances

Call for details.

Second Mortgages

Call for details.

Home Equity Line Of Credit

A Home Equity Line of Credit (HELOC) is a form of revolving credit in which your home serves as collateral. A HELOC is a variable rate loan or line of credit secured by a first or second mortgage on your house.

Mobile Home Loans

Mobile Home loans are available for first mortgages for owner-occupied mobile homes. Maximum mobile home age is 25 years.

Accessory Dwelling Unit Loan Program

In collaboration with the City of Santa Cruz, the SCCCU is pleased to announce an innovative Accessory Dwelling Unit (ADU) loan program to create more affordable housing in our community. For more information, click here.