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SLFCU's Home Loan Options

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SLFCU's home loans work for you. Whether you're a first-time home buyer, have a growing family, need to downsize, or are looking to refinance, SLFCU has a loan that meets your needs.

All of our mortgages are serviced by SLFCU – from application and processing to closing the loan and beyond. When you make a payment or have a question, you'll talk to the professional, friendly staff at SLFCU.

5/5 Adjustable Rate Mortgages

Get the security of a rate and payment that adjust only once every five years with a 5/5 mortgage. SLFCU's adjustable rate mortgages are tied to a slow-moving, stable federal index – the 10-Year U.S. Treasury Note.

A 5/5 adjustable rate first mortgage is a smart choice.

  • Down payments as low as 3% with no Private Mortgage Insurance (PMI)
  • Really low closing costs - for Jumbo loans, too
  • Budgeting predictability - lock in rates and payments for five-year periods
  • Rate caps for peace of mind - your rate is capped at each adjustment and will never increase more than 5% above your origination rate
  • Payments that fit your budget - terms up to 30 years and no points

This mortgage is ideal for first time homebuyers who may move or refinance within five years.

Fixed Rate Mortgages

Lock in a low interest rate and get a fixed monthly payment, a variety of terms, and the option to pay points to reduce your rate.

Your fixed rate mortgage will be serviced by SLFCU – from application and processing to closing the loan and beyond. When you make a payment or have a question, you’ll talk to the professional, friendly staff at SLFCU.


With a good credit history, you can put down as little as 5% in most markets; for lower credit scores, a 10% down payment is required. SLFCU can loan 80% on a first fixed-rate mortgage and finance the rest with an adjustable rate second mortgage. With this loan structuring, you avoid paying Private Mortgage Insurance (PMI).

Consider this mortgage if you are looking for long-term rate and payment stability.

Jumbo Loans

SLFCU offers jumbo loans. Take advantage of low closing costs on jumbo products including our 5/5 adjustable rate mortgage, second mortgages, construction loans, and Home Equity CreditLines.

This mortgage is ideal for homebuyers shopping in expensive housing markets, such as California.

Construction Loans

Go from a vacant lot and blueprints to move-in day with financing and terms to fit your budget. An SLFCU Construction Loan has a 12-month construction period with interest-only payments while you're building.

Vacant Land

Get great terms and low costs from SLFCU. With terms up to 12 years, 75% loan-to-value, and no points, you can get more for your investment dollar. Give us a call and speak to an SLFCU Loan Officer for more information or to apply.

Investment Properties


If you're a real estate investor, take advantage of our Non-Owner Occupied mortgages and CreditLines, with money-saving closing costs. You can cover repairs and upgrades to the rental property or use the funds for anything you need.

  • Amortization up to 30 years with a balloon payment at 15 years to give you payments that fit your plans*
  • First and second mortgages and CreditLines are available for rental properties up to a four-plex (click here for information about larger properties).


Our ARM gives you competitive interest rates, low closing costs, and guaranteed payments for one-year periods. Rates are much more stable than the those you'd find on other ARMs because they are based on a six month moving average of the slow moving 10-Year U.S. Treasury Note.


If you're a real estate investor, take advantage of our Non-Owner Occupied Second Mortgage Loan or Equity CreditLines with money-saving closing costs to cover repairs, upgrades, or anything you need.

*Does not apply to Home Equity CreditLines

Mortgage Disclosure: Maximum loan-to-value is 80% for all fixed rate mortgages and standard adjustable rate mortgages. Rates subject to change; check with SLFCU for current rates. If loan does not close, fees incurred will be charged to the member. A $45 initial credit report fee applies to all loans. All loans subject to credit approval. Contact SLFCU for details.

5/5 Adjustable Rate Mortgage Disclosure: Rate for the remaining term adjusts every five years and is based on the then-current index plus margin, rounded to the nearest eighth of a percentage point, and subject to the floor rate.

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5/5 Mortgage

Adjustable rate mortgage. Rate adjusts every 5 years.


5/5 Mortgage
3.875% (1st 5 Years) / 4.061% APR