All mortgage loans through San Mateo Credit Union are for homes in California only. Adequate property insurance required for the life of the loan. Flood insurance may be required. All loans are subject to credit approval. Please speak with a Real Estate Representative for current rates and information on loan limits as additional conditions and restrictions may apply. San Mateo Credit Union NMLS #416747.
The 75% loan-to-value “Cash out loan” is available up to $2,500,000 on 30-year term adjustable-rate mortgages only.
The 80/10/10 and 40-year terms on ARMs available for purchase mortgages only; no refinances.
The Fast Closing Guarantee (“Guarantee”) is available only on an approved application for a first-position loan used to purchase an owner-occupied 1-4 unit California residential dwelling. Applicant must request the Fast Close Guarantee at the time of application, from their SMCU Real Estate Loan Officer. If, due to circumstances within SMCU’s control, an eligible loan fails to close within 10 days after SMCU receives a complete loan application, borrower will receive $500. A complete application includes, at minimum, all documents and verifications required of applicant and third parties such as employer, appraiser, title company and HOA; additional documents may, at SMCU’s reasonable discretion, be required before an applications package is deemed complete for purposes of this Guarantee. Offer may change or be discontinued at any time without notice. Please ask an SMCU Mortgage Representative for complete details.
NO PURCHASE NECESSARY TO ENTER OR WIN. Must be 18 years of age or older. A first mortgage application submitted between 6/17/19 and 9/14/19 will be counted as an entry. No other loan types are eligible. Three (3) vacation packages will be awarded; odds of winning based on total number of entries. Click here
for complete rules and details.