Buy a Home
Get the perfect mortgage for your home purchase. Choose from fixed- or adjustable-rate mortgages with various terms, down payments and closing cost options.
Start Your Home-Ownership Journey
If you are planning on buying a home, whether it's your first home or you are upgrading to a larger home for your growing family, Cal Coast has the right loan for you. Choose from our competitive rates, fixed- or adjustable-rate loans and low down payment options.
Ready to get pre-approved before you make an offer?
Contact a Loan Officer by phone at 877-495-1600 or send an email to RealEstateLoanOfficer@calcoastcu.org for a personal consultation.
Fixed-rate Mortgages
Our fixed-rate mortgages can give you peace of mind knowing that your monthly payments stay the same for the full term of your home loan. Choose from our various terms, down payment and closing cost options.
Fixed-rate Mortgage Options:
- No closing cost available1
- As little as 3% down on purchases2
- Flexible terms up to 30 years5
- Jumbo home loans available6
- Interest may be tax deductible (consult your tax advisor)
Adjustable-rate Mortgage (ARM)
If you want to pay a lower fixed-rate payment at the beginning of your home loan, an adjustable-rate mortgage may be the right loan for you. An ARM keeps your mortgage loan rate fixed for a set term and then it becomes a variable- rate loan that adjusts when interest rates change over the life of the loan. Choose from our various adjustable-rate terms, down payment and closing cost options.
Adjustable-rate Mortgage options:
- No point and no closing cost available1
- Up to 95% Loan-To-Value (LTV) on rate/term purchases3
- Fully amortized 3/1 ARM7, 5/1 ARM8, 7/1 ARM9 , or 5/5 ARM10
- Jumbo ARM available11
- Interest may be tax deductible (please consult your tax advisor)
We are here to help you open your home loan or find the right option to fit your needs. Give us a call at (877) 495-1600 or apply online today.
Comparing Fixed-rate Mortgages
| Term Up to 30 years5 | Term Up to 30 years2 |
| Down Payment as low as 5% Down | Down Payment 3% Down |
| No Closing Costs Options1 Yes | No Closing Costs Options1 Yes |
| Maximum Loan Amount Up to $726,200 | Maximum Loan Amount Up to $726,200 |
Comparing Fixed-rate Mortgages
| Conforming Fixed-rate Mortgages | 3% Down Fixed-rate Mortgages | Jumbo Fixed-rate Mortgages | |
|---|---|---|---|
| Term | Up to 30 years5 | Up to 30 years2 | Up to 30 years6 |
| Down Payment | as low as 5% Down | 3% Down | as low as 5% Down |
| No Closing Costs Options1 | Yes | Yes | Yes |
| Maximum Loan Amount | Up to $726,200 | Up to $726,200 | Up to $2,000,000 |
Comparing Adjustable-rate Mortgages
| Term(s) 3/17, 5/18 and 7/19 | Term(s) 5/510 |
| Down Payment As low as 5% down | Down Payment As low as 5% down |
| No Closing Costs Option1 Yes | No Closing Costs Option1 Yes |
| Maximum Loan Amount Up to $726,200 | Maximum Loan Amount Up to $726,200 |
Comparing Adjustable-rate Mortgages
| Conforming ARM | 5/5 ARM | Jumbo ARM | |
|---|---|---|---|
| Term(s) | 3/17, 5/18 and 7/19 | 5/510 | 3/111, 5/112 and 7/113 |
| Down Payment | As low as 5% down | As low as 5% down | As low as 5% down |
| No Closing Costs Option1 | Yes | Yes | Yes |
| Maximum Loan Amount | Up to $726,200 | Up to $726,200 | Up to $2,000,000 |
Cal Coast Home Loan Center
Home Buying and Selling Services
- Our Cal Coast Home Rewards program gives you access to the most up to date home listings in Southern California
- Get personalized, timely alerts when new home listings become available
- Guidance from a dedicated home buying expert
- Sell your home for a flat 1.5% listing fee or Buy a home and earn a 20% commission rebate4
Mortgage Calculators
There are many financial decisions involved in buying or refinancing a home. Utilize our calculators to help you make the right decision.
- How much would my monthly payment be?
- Should I refinance my mortgage?
- How much can I borrow from my home equity?
Home Loan Tips, Tools & More
- Check out our home buying tips and checklists
- Use our interactive Mortgage Guide to help make the process fast and easy.
- Visit our Home Loan Resource Center to view rates, apply for a loan, check loan status, and more helpful information.
- Find the perfect home loan with our Mortgage Assistant.
APR=Annual Percentage Rate. Rates and terms as of 06/06/2023 based on credit history, subject to credit approval, and subject to change without notice. Loans over 80% LTV require mortgage insurance. Payment examples do not include property insurance and taxes, and the payment will be higher than disclosed payments. Some loans are available for second homes and investment properties in CA at different rates and terms. Membership and credit subject to approval. Serving everyone who lives or works in San Diego or Riverside counties. A one-time $5 membership fee and savings account required. Restrictions apply.
- Closing costs paid by the lender include title search, escrow, credit report, tax service, and similar non-recurring fees. You are responsible for property taxes, insurance, homeowner association dues, and for purchases, down payment, transfer taxes, and owner's title policy.
- 3% Down Home Loan rates and terms as of 3/22/2019. A $250,000 fixed rate home mortgage loan on a single-family owner-occupied home up to 97% LTV with a 30 year term and a rate of 4.625% has an APR of 5.076% and a monthly payment of $1,393.68 inclusive of mortgage insurance. This payment example does not include property insurance and taxes, and the payment will be higher than this disclosed payment.
- 5% Down Home Loan rates and terms as of 3/22/2019. Payment examples are based on a purchase price of $300,000 with 5% down (95% LTV) and a $285,000 loan on a single-family, owner-occupied home with a 30-year term. 3/1 ARM with a 3.250% rate has an APR of 5.278% and has monthly payments of $1,380.47. 5/1 ARM with a rate of 3.500% has an APR of 4.993% and has monthly payments of $1,384.28. 7/1 ARM with a rate of 3.875% has an APR of 4.959% and has monthly payments of $1,444.68 inclusive of mortgage insurance.
- Excludes commission owed to buyer's agent. Rebate is awarded by Home Rewards Group, Inc. to buyers and sellers who select and use a real estate agent in the Home Rewards network. Rebate is 20% for purchase only of a residential property. Payment is credited to your benefit at the close of transaction. Using California Coast Credit Union for a mortgage loan is not a requirement to earn the rebate. Purchase price must be greater than $150,000. All rebates are subject to limitations, lender guidelines, state laws and other requirements. Certain properties may not be eligible for rebates. Please consult a qualified tax professional for advice on tax implications from receiving a rebate. Home Rewards Group, Inc. is not affiliated with California Coast Credit Union. Subject to change without notice.
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