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Fixed Rate Mortgages

Fix your mortgage rate and set your budget

You deserve to be as comfortable buying a home as you will be living in it. At San Mateo Credit Union, we know that financing a home here in California can be daunting, but we make it happen for people just like you everyday with fixed-rate home loans that help you budget with certainty. After all, life has enough moving parts. Your mortgage rate doesn't have to be one of them.


Featured fixed-rate options

  • Lowest Down Payments: Our lowest down payment is 3% on conforming loan amounts up $484,350 and you can get a down payment as low as 5% up to $1.5 million.
  • 80/10/10: Avoid paying private mortgage insurance (PMI) by putting 10% down, then using a second mortgage to put down another 10%.

What kinds of fixed-rate loans are available and how long are the terms?

Loan Type 10-year fixed 15-year fixed 20-year fixed 30-year fixed
Conforming (up to $484,350) Yes Yes Yes Yes
High-balance ($484,350-$726,525) Yes Yes No Yes
Jumbo (up to $1.5 million) No Yes No Yes
 

Our fixed-rate home loans might be the key to opening the door of your new dream place. Let's take the first step together.

Get in touch with an SMCU California mortgage expert

Call Email apply
(650) 363-1799 reloanofficers@smcu.org Get Preapproved Online
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.
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