A Loan Exclusively for School Employees
With this program's low down payment and no PMI, we're helping make homeownership affordable for school employees.
Get a competitive rate and a 30-year fixed term on your mortgage.1
A down payment as low as 5%.
Rate lock covers the period between approval and closing.2
No prepayment penalty.
No Private Mortgage Insurance (PMI), to save hundreds on monthly payments.
Pay points at closing to get an even lower rate.
No loan processing fee.3
30-year fixed rates as low as
7.04 % APR
Denise K.
MEMBER SINCE 2000
We'll help you achieve the dream of homeownership.
Full-Service Homebuying with SchoolsFirst FCU Home360®
We'll pair you with a loan consultant and local real estate agent to guide you through every step of buying or selling your home, with expert advice and exclusive discounts to save you thousands.
LEARN MOREResources for Buying a Home
Yes, You Can Buy a Home in This Competitive Market
Determine Your Fixed-Rate Loan Payment
Get the Right Home Insurance Coverage
Protect Your Biggest Investment
- Homeowners Insurance: Make sure you're protected from losses due to fire, lightning, burglary, vandalism, storms and more.
- Condominium Insurance: Get coverage for interior walls and floors, personal property and personal injury.
- Earthquake Insurance: This separate policy helps you recover, replace and rebuild if a tremor damages your home.
Apply Online
Log in with your SchoolsFirst FCU user name and password, or as a guest.
Get Professional Guidance
Discuss your options with a real estate loan consultant in person, over the phone or at a branch.
Call
Monday through Friday, 8 a.m. – 7 p.m.
Saturday, 9 a.m. – 3 p.m.
Disclosures
APR = Annual Percentage Rate. All loans subject to approval.
At closing the primary Member(s) may not own other residential properties. The interest rates and APRs listed above are effective as of
01/14/2025.
Loan pricing that you may qualify for can be different based on your credit history, loan-to-value (LTV), occupancy, property type, loan amount, loan purpose, and income/financial obligations. A minimum credit qualifying score is required. Rates and programs are subject to change without notice.
School Employee Mortgage Program is available for purchases only. Program is subject to change without notice.
- Principal and interest payments are fixed. Other costs such as property taxes and homeowners insurance may increase over the life of the loan.
- Limits apply to the length of rate locks offered and rate locks may not cover the entire period between credit approval and closing in all cases. See our Rate Lock Information for terms and conditions.
- Available for all primary residence loan types. Application must be dated no later than 12/31/2025. Fully executed purchase contract on an identified property must be submitted no later than 12/31/2025. Does not apply to equity loans or first mortgage refinances. The amount of the processing fee waived is $550 for School Employee Mortgage Program and $995 for all others.
NMLS Identifier: 405503
CA Insurance License 0I19344. Purchasing an insurance product from SchoolsFirst Insurance Services is not required to originate a loan with SchoolsFirst FCU.