Merced School Employees Federal Credit Union

Merced School Employees Federal Credit Union
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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 rates, equity lines of credit and more. For more information, call our Real Estate Department at 209-385-0350.


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

  • Borrow up to 80% of loan to value
  • Minimum loan amount $10,000
  • Low fees and closing costs
  • Up to 20 year terms


Purchase or refinance your primary residence. Our 30-year mortgage gives you the same peace of mind as our other fixed-rate mortgages, but now in a 30-year term and with no Private Mortgage Insurance (PMI)!


  • As little as 5% down, $325,000 maximum
  • Borrow up to 95% loan to value
  • Origination fee .50%
  • No Private Mortgage Insurance (PMI)
  • Appraisal required


  • Borrow up to 90% loan to value, $325,000 maximum
  • No PMI
  • Origination fee .50%
  • No cashout
  • Appraisal required


A fixed rate loan that allows you to borrow against the equity in your home.

  • Refinance or home equity purposes
  • Borrow up to 80% of loan to value
  • Low fees and closing costs
  • Up to 15 year terms
  • Minimum loan amount $10,000


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.

  • Borrow up to 80% of loan to value
  • Minimum loan amount $10,000, maximum $100,000
  • Variable Rate Mortgage
  • Low fees and closing costs, no annual fee


If you want to purchase property to build your primary residence 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

SPECIAL NOTES: MSEFCU deed loans are available only on primary residential property 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
  • 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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Merced School Employees Federal Credit Union