Mortgages

Mortgages

Purchase or refinance, finding a mortgage that suits your financial needs should be a simple and stress-free process.

SRI Federal Credit Union is committed to helping you obtain attractive financing options and as a bonus, we are also offering up to $3,000 in lenders credit to qualified new 1st Mortgages or Refinances*.

We've joined with CU Partners to bring you a wide array of mortgage financing products to suit your needs.

The alliance with CU Partners enables us to offer a wide variety of mortgage solutions. With more than 2,000 home loan products and programs, we will customize a mortgage to fit your specific situation.

  • Purchase, refinance, primary, second homes or investment property
  • Fixed or adjustable rates with the added benefit of flexible pricing
  • Bi-Weekly and Monthly payment frequency options
  • FHA or VA loans
  • Up to $3,000 in lenders credit*

*To qualify for a $3,000 lenders credit 1st Mortgage loan must meet the following criteria: 1. Must be a new loan to SRIFCU (internal refinances do not qualify), 2. 1st mortgage loan amount must be more than $300,000 and 3. 1st mortgage must be a fixed rate loan.

Fixed-Rate Mortgage Loans

Those buyers who choose fixed-rate mortgages enjoy the comfort and predictability of knowing monthly payments won’t change. A fixed-rate mortgage is ideal for borrowers with a steady flow of income who plan to own a house for a long period of time.

The duration of the loan is flexible and determined at the time of loan application. Monthly principal and interest payment remain the same throughout the term of the loan.  A longer-term loan will have smaller payments but costs more in interest, whereas shorter loan durations mean higher payments with less interest costs.

5/5 Adjustable Rate Mortgage

A  5/5 adjustable rate mortgage loan provides a low starting rate which is fixed for 5 years, then changes only once every 5 years.  Rate changes are limited to no more than 2% every 5 years with a maximum change of 5% over the life of the loan.

Adjustable-Rate Mortgage (ARM) Loans

Adjustable-rate loans offer borrowers a fixed interest rate for a given period of time, after which the interest rate is subject to change based on current market rates.  Initially, an adjustable rate loan often provides a lower interest rate than a similar fixed-mortgage rate, making this an ideal option for those anticipating a growth in income that could benefit from lower up-front payments and/or those who plan to refinance or sell their house within a short amount of time.

Apply 24 hours a day, 7 days a week

Contact CU Partners Senior Loan Officer Apryll Held at 714.513.7251.

Your feedback is important.

Please let us know the quality of service you received from CU Partners by calling Steve Bowles at 650-859-4661 or email sbowles@srifcu.org

Consumer Access to the Nationwide Mortgage Licensing System & Registry (NMLS)

Institution
SRI Federal Credit Union #466005

Mortgage Loan Originators
Steve Bowles  #673354
Christopher Ensley   #1304380
Francisco Saenz   #680165
Yadi Fernandez  #768730

CU Partners – A Division of Stearns Lending  #1854
Apryll Held, Senior Loan Officer, CU Partners   #214945

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