Apply For a Loan

If you are a current member of SMCU, applying for a loan is easy. Just log into SMCU OnLine and click "Apply For A Loan" located in the Services section of the online home page.

Apply Online               Apply As Guest

Apply For a Loan

If you are a current member of SMCU, applying for a loan is easy. Just log into SMCU OnLine and click "Apply For A Loan" located in the Services section of the online home page.

Apply Online               Apply As Guest

Apply For a Loan

If you are a current member of SMCU, applying for a loan is easy. Just log into SMCU OnLine and click "Apply For A Loan" located in the Services section of the online home page.

Apply Online               Apply As Guest

Apply For a Loan

If you are a current member of SMCU, applying for a loan is easy. Just log into SMCU OnLine and click "Apply For A Loan" located in the Services section of the online home page.

Apply Online               Apply As Guest

Open An Additional Account

If you are a current member of SMCU, opening additional accounts is easy. Just log into SMCU OnLine and click "Open an Additional Account" located in the Services section of the online home page.

Open Another Account Through SMCU OnLine               Open Another Account as a Guest

Security Lock SMCU OnLine Login
Apply Now

Continue an Existing Application
Get a Custom Rate Quote

Questions?
Call (650) 363-1799 (Option #1)
Email: reloanofficers@smcu.org

Book an appointment with one of our home loan experts.

Contact Me!

Fill out the request form and an SMCU mortgage expert will contact you.

Request Contact

Realtors & Rebates

Enjoy the HomeAdvantage™

Click for details

Mortgage Experts

Meet the SMCU team

Click for details

Mortgage Seminars

Free education from SMCU

Click for details

First Time Buyer Program

It might seem impossible, until you talk to us.

Special Mortgage Offers

New! No-Cost ARM Option
The special No-Cost ARM helps maximize your down payment power.

Once you decide you want to own a home, it’s hard to think of anything else. You check the local listings, go through the pictures, and imagine life in each place – but for most people the big question remains: how am I going to afford this?

At San Mateo Credit Union we assist first-time homebuyers in a variety of ways, from free seminars to realtor partnerships to special loan options. Our mortgage experts make the entire process easy, keeping you educated and informed every step of the way.

Special Loan Packages from SMCU
Loan Details and Benefits

HomeReady® from Fannie Mae

This is a 30-year fixed-rate loan with the lowest down payment available through SMCU: as low 3% down on conventional and high-balance loans up to $625,500.

80/10/10 Package

Put 10% down on a first mortgage, then use an SMCU second mortgage for the other 10%, allowing you to avoid paying private mortgage insurance (PMI). You can apply this option to any loan type, both fixed and adjustable rates.

No-Cost ARM Option

To maximize your down payment power, you can choose a No-Cost Adjustable-Rate Mortgage, which allows you to roll your closing costs into a slightly higher mortgage rate.

40-Year Term ARM Options

SMCU now offers our 5/5, 7/1, and 10/1 ARMs for an optional 40-year term, making it easier to get into that first home by bringing down your monthly payment.

5/5 ARM

The 5/5 adjustable-rate loan has an introductory rate for five years and then only adjusts every five years afterwards. Rate-wise it’s a good balance between a shorter-term ARM and a fixed-rate loan.

Other Adjustable-Rate Options

The current low interest rate environment shows no signs of changing, making any adjustable-rate loan a more attractive option. ARMs at SMCU have introductory periods of 3 to 10 years and can only shift by as much as 2% each time they re-price. And remember, rates can go up or down when they re-price.

Free First-Time Home Buyer Seminars
SMCU regularly holds free seminars at our corporate office and various locations on the Peninsula. Check the seminar calendar for upcoming dates.

Ready to make your move?

Get Pre-approved Now

You don’t need to already be a member to apply; you’ll become one during the process!

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 no-cost adjustable-rate mortgage option covers all non-recurring closing costs, is available on 30-year ARM terms only, and requires a minimum loan amount of $200,000.


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