Refinance Your Home Loan
Lower your monthly mortgage payment by refinancing your home loan with Cal Coast.
The Time to Refinance is Now
Put more money in your pocket by leaving your high-rate home loan in the dust and refinancing with Cal Coast. Unemployment rates have increased in recent months and continue to rise - take advantage of our competitive rates, expert refinance lenders and helpful staff to guide you through the process and find the term, type and rate that's best for you.
Fixed-Rate Mortgage Vs Adjustable-Rate Mortgage (ARM)
Cal Coast offers both fixed and adjustable rate options for refinancing your mortgage. For fixed, your interest rate is set when you take out the loan and will not change. With adjustable, your rate may fluctuate up or down. Explore the main differences below:
Fixed-Rate Mortgages
Looking for stable payments over a longer period of time? A Cal Coast fixed–rate mortgage ensures you have the same payment for the full term of your loan. Have the security knowing what your monthly payment will be for easier budgeting.
Features & Perks:
- As little as 5% down on purchases1
- No closing cost options available2
- Flexible terms up to 30 years5
- Fully amortized 5-year6, 7-year7 or 10-year8 TermBuster home loans available from $25,000 up to $977,500
- Jumbo Fixed-Rate loans available9
- Interest may be tax deductible (consult your tax advisor)
Adjustable-Rate Mortgages
An ARM keeps your rate fixed for a set amount of time and eventually becomes a variable rate that adjusts when interest rates change over the life of the loan. If you plan on only living in your house for a shorter period of time, an ARM may be a more affordable option for you.
Features & Perks:
- No point and no closing cost options2
- Up to 95% Loan-To-Value (LTV) on rate/term purchases3
- Fully amortized 3/1 ARM10, 5/1 ARM11, 7/1 ARM12, or 5/5 ARM13
- Jumbo ARM available14
- Interest may be tax deductible (consult your tax advisor)
Want to discuss which refinance option works best for your unique situation? Our expert mortgage lenders are happy to help (877) 495-1600.
Comparing Fixed-Rate Mortgages
| Term Up to 30 Years5 | Term 5-year6, 7-year7 or 10-year8 |
| Down Payment As low as 5% Down | Down Payment 30% Down Owner Occupied; 35% Non-owner Occupied |
| No Closing Costs Option2 Yes | No Closing Costs Option2 Yes |
| Maximum Loan Amount Up to $977,500 | Maximum Loan Amount Up to $977,500 |
Comparing Fixed-Rate Mortgages
| Conforming/Super Conforming Fixed-Rate Mortgages | Short-term Mortgages | Jumbo Fixed-rate Mortgages | |
|---|---|---|---|
| Term | Up to 30 Years5 | 5-year6, 7-year7 or 10-year8 | Up to 30 Years9 |
| Down Payment | As low as 5% Down | 30% Down Owner Occupied; 35% Non-owner Occupied | As low as 5% Down |
| No Closing Costs Option2 | Yes | Yes | Yes |
| Maximum Loan Amount | Up to $977,500 | Up to $977,500 | Up to $2,000,000 |
Comparing Adjustable-Rate Mortgages
| Term(s) 3/110, 5/111 and 7/112 | Term(s) 5/513 |
| Down Payment As low as 5% down | Down Payment As low as 5% down |
| No Closing Costs Option2 Yes | No Closing Costs Option2 Yes |
| Maximum Loan Amount Up to $977,500 | Maximum Loan Amount Up to $977,500 |
Comparing Adjustable-Rate Mortgages
| CONFORMING/SUPER CONFORMING ARM | 5/5 ARM | Jumbo ARM | |
|---|---|---|---|
| Term(s) | 3/110, 5/111 and 7/112 | 5/513 | 3/114, 5/115 and 7/116 |
| Down Payment | As low as 5% down | As low as 5% down | As low as 5% down |
| No Closing Costs Option2 | Yes | Yes | Yes |
| Maximum Loan Amount | Up to $977,500 | Up to $977,500 | 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 based on credit history, subject to credit approval, and subject to change without notice. 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. Some restrictions apply.
- Payment examples as of 6/4/2020 are based on a $250,000 loan on a single-family owner-occupied home up to 95% LTV with a 30 year term and a rate of 4.375% has an APR of 4.745% and a monthly payment of $1,339.88 inclusive of mortgage insurance. This payment example does not include property insurance and taxes, and the payment will be higher than this disclosed payment. Loans are available for second homes and investment properties in CA at different rates and terms.
- Closing costs paid by the lender available at different rates and terms 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.
- Payment examples as of 6/4/2020 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. This payment example does not include property insurance and taxes, and the payment will be higher than this disclosed payment.
- 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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