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Real Estate Mortgages

Whether you're buying your dream home or refinancing your current home, we have a loan for you. We offer a full line of mortgage loan options with short or long terms, fixed or adjustable rates, equity lines of credit and more. For more information, call our Real Estate Department at 209-385-0350.

FIRST MORTGAGES

Purchase or refinance your home, condo, townhouse or vacation properties*. Our fixed rates offer security and peace of mind because the payment amount will not change.

  • Purchase or refinance, owner-occupied primary residence
  • Borrow up to 80% of loan to value
  • Minimum loan amount $10,000, maximum $424,100
  • Low fees and closing costs
  • Up to 20 year terms
  • Located within Merced and Mariposa Counties, or located within 150 road miles from the Merced main office

SECOND/HOME EQUITY LOANS

Allows you to borrow against your home's accumulated equity without disturbing your savings or other investments.

  • Purchase, refinance or home equity purposes, owner-occupied primary residence
  • Borrow up to 80% of loan to value
  • Low fees and closing costs
  • Up to 15 year term
  • Minimum loan amount $10,000
  • Located within Merced and Mariposa Counties, or located within 150 road miles from the Merced office

HOME EQUITY LINE OF CREDIT

Revolving credit line you can use for any purpose. The interest may be tax deductible (check with your tax advisor). Make an advance simply by writing a check or transferring to your MSEFCU checking account through Day and Night Teller or cu@home.

  • Owner-occupied primary residence
  • Borrow up to 80% of loan to value
  • Minimum loan amount $10,000, maximum $100,000
  • Adjustable rate mortgages (ARM)
  • Low fees and closing costs, no annual fee

LAND AND LOT PURCHASES

If you want to purchase property to build your primary residence or a vacation home on, this loan may be your first step

  • Borrow up to 70% of loan to value
  • Up to 15 year term
  • Minimum loan amount $10,000
  • Low fees and closing costs
  • Located within Merced and Mariposa Counties, or located within 150 road miles from the Merced office

CONSTRUCTION LOANS

This fixed rate, interest only loan is for the purpose of building your primary residence,

  • May include land purchase
  • Borrow up to 80% of loan to value
  • 12 month building agreement
  • Maximum loan amount $424,100, not to exceed cost to build
  • Low fees and closing costs
  • Located within Merced and Mariposa Counties, or located within 150 road miles from the Merced office

Calculate loan payments with our Home calculators | Loan Rates

SPECIAL NOTES: MSEFCU deed loans are available only on primary residential property or vacation home located within Merced and Mariposa Counties, or located within 150 road miles from the Merced main office. Finance charges are calculated on simple interest with no prepayment penalties. Read the HELOC Program Disclosure here.

ADDITIONAL HOME LOAN OPTIONS through CU Member Mortgages (Apply)

We can also assist you through the qualification and loan processing on other mortgage loan types as well. While we don't hold these loans in house, the servicing will remain with CU Members Mortgage and you will be able to access your loan information through our website.

  • CU Members Mortgages Conventional 30 year term loans up to $424,100
  • Jumbo loans over $424,100
  • Purchase or refinance investment property (rental)
  • Purchase or refinance properties located outside of California
  • Government Programs- FHA, Federal VA, FannieMae, FreddieMac
  • Homes with loan to value higher than 80%

More information Apply

Stacie DeMartini Lee Lao Tonya Gonzalez Toni Jones Lori Smith Merced School Employees FCU
NMLS #523451 NMLS #487324 NMLS #493900 NMLS #486643 NMLS #486257 NMLS #477609

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More information on our products, services or feedback on our Web site | Phone: 209-383-5550 or 800-542-2345 | Fax: 209-383-2308 | Email Us


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