Fixed-Rate Mortgages
Predictability meets affordability. Our competitive, fixed-rate mortgages are all about peace of mind and long-term stability.
Wave goodbye to fluctuating rates.
With a fixed-rate mortgage your interest rate won't change— no matter what happens in the economy.
Fixed-Rate Mortgage Features
| CONFORMING/SUPER CONFORMING FIXED-RATE | 3% DOWN FIXED-RATE | TERMBUSTER | JUMBO FIXED-RATE | |
|---|---|---|---|---|
| TERM | 157, 2010, or 30-year8 | 30-year3 | 54, 75, or 10-year6 | 1511, 2012, or 30-year9 |
| MAXIMUM LOAN AMOUNT (1-UNIT, SAN DIEGO) | $1,006,250 | $766,550 | $1,006,250 | $2,250,000 |
| MAXIMUM LOAN AMOUNT (4-UNIT, SAN DIEGO) | $1,935,150 | N/A | N/A | N/A |
| MINIMUM DOWN PAYMENT | As low as 5%1 depending on loan amount | 3% Down | Refinance only | As low as 5%2 depending on loan amount |
| TRANSACTION TYPE | Purchase or Refinance | Purchase | Refinance | Purchase or Refinance |
| PROPERTY USE | Owner occupied, 2nd home, Investment | Owner occupied | Owner occupied, 2nd home, Investment | Owner occupied, 2nd home, Investment |
| PROPERTY TYPE | Single family, Condo, 2-4 unit | Single family, Condo | Single family, Condo, 2-4 unit | Single family, Condo |
| MORTGAGE INSURANCE | Standard monthly premium | Standard monthly premium | Standard monthly premium | Standard monthly premium |
| LENDER CLOSING COSTS | $0 out of pocket options | $0 out of pocket options | $0 out of pocket options, $2,500 lender credit, Seller credit allowed | $0 out of pocket options |
What is a Fixed-Rate Mortgage?
A fixed-rate mortgage is a type of home loan where the interest rate and payments remain the same for the life of the loan. Let's say you get a fixed-rate mortgage for 30 years. Your monthly payment will stay the same for the entire 30 years.8
Why is this important? Well, let's imagine if the interest rate wasn't fixed. That would mean your rate could go up or down and you wouldn't have much control over it. Your monthly mortgage payments could become unpredictable and possibly more costly if the interest rate goes up.
When should you consider a Fixed-Rate Mortgage?
Are you aspiring to own a home, lower your current rate, or pay off your mortgage ahead of schedule? A fixed-rate mortgage may be the right choice for you. You should consider a fixed-rate mortgage if you're not planning to sell your home in the near future, or if you value stability and peace of mind in knowing that your monthly payment will remain consistent over the life of your loan.
Today's Rates: Fixed-Rate Mortgages
Call or email to connect with a Mortgage Loan Officer.
Our friendly home loan experts are here to help!
(858) 636-3045 Mon-Fri, 9am - 4pm
realestateloanofficer@calcoastcu.org
Make a phone appointment when it's convenient for you.
A one-on-one call with a Mortgage Loan Officer can be extremely helpful. You can ask questions and even submit your application over the phone.
Take the next step and apply for a home loan online.
It's easy to get started with our secure, mobile-friendly application. Plus, you can always save your progress and pick up where you left off at a later time.
Review your options with a Mortgage Loan Officer.
Answer a few questions and a home loan expert will reach out to help you.
Home Loan Resources
Call or email to connect with a Mortgage Loan Officer.
Our friendly home loan experts are here to help!
(858) 636-3045 Mon-Fri, 9am - 4pm
realestateloanofficer@calcoastcu.org
Boost your offer with a Cal Coast preapproval letter.
A personalized preapproval letter shows sellers you’re a serious buyer. See what it takes to get preapproved in as little as 24 hours.
Familiarize yourself with the home buying process.
Having the right action plan can make buying a home a lot easier. Check out this helpful article with 8 tips for first-time home buyers.
APR= Annual Percentage Rate.
- 30-year, fixed-rate with an interest rate of 8.625%, APR 9.046% and monthly payments of $5,416.13 inclusive of mortgage insurance. This does not include property insurance or taxes and assumes property value $700,000, 95% LTV, single family, owner-occupied, credit score 740+.
- 30-year, fixed-rate with an interest rate of 8.250%, APR 8.648% and monthly payments of $9,730.97 inclusive of mortgage insurance. This does not include property insurance or taxes and assumes property value $1,300,000, 95% LTV, single family, owner-occupied, credit score 740+.
- 3% Down fixed-rate estimated monthly payments.
- 5-Year TermBuster estimated monthly payments.
- 7-Year TermBuster estimated monthly payments.
- 10-Year TermBuster estimated monthly payments.
- 15-Year Conforming fixed-rate estimated monthly payments.
- 30-Year Conforming fixed-rate estimated monthly payments.
- 30-Year Jumbo fixed-rate estimated monthly payments.
- 20-Year Conforming fixed-rate estimated monthly payments.
- 15-Year Jumbo fixed-rate estimated monthly payments.
- 20-Year Jumbo fixed-rate estimated monthly payments.
