Loans

1st Mortgages

Refinance Under the HARP Program

Do you want to refinance your mortgage but owe more than your home is worth? If your mortgage is owned or guaranteed by either Freddie Mac or Fannie Mae, you may be eligible to refinance your mortgage under the enhanced and expanded provisions of the Home Affordable Refinance Program (HARP).

Check out these top reasons to refinance now under HARP:

• There is no maximum home value limit
• No out-of-pocket costs for you
• Refinance at today's historic low rates

Check your eligibility now! Check to see if your loan is owned by Fannie Mae. Check to see if your loan is owned by Freddie Mac. Contact our Call Center at 916.364.1700 or 800.233.6328 for more details or to apply to refinance under HARP 2.0.

Terms, conditions, and availability subject to change. Property insurance required; flood insurance may be required. Subject to credit approval and property valuation. PMI may be required on loans in excess of 80% CLTV. Limited to properties located in CA. Other restrictions may apply and not all existing loans may qualify for this program.

Buying or Refinancing

Whether you are financing a new home purchase or refinancing an existing mortgage, HCCU is committed to helping you choose the right mortgage package for you. Our competitive mortgage rates, flexible terms including a 40-year option, and fast processing times, make getting a mortgage loan with HCCU, easy and affordable. Our mortgage program includes:

• Low, affordable mortgage rates (no points)
• Financing up to 97% LTV*
• 10, 15, 20, 30, and 40 year fixed terms¹
• 3, 5, 7, and 10-year ARMs (Adjustable Rate Mortgages)²
• Financing available for amounts from $50,000 to $750,000
• Rate locks up to 60 days
• No prepayment penalty Use our mortgage calculator to determine how much mortgage you may qualify for.

Interested in refinancing your existing mortgage? With mortgage rates at near-historic lows, now could be the right time for you! Consider these important questions:

• Do you have sufficient equity in your home to refinance?
• Can you reduce your current interest rate based on today's rates?
• Refinancing your mortgage has upfront costs. Are you planning on staying in your home long enough to see the cost-savings?
• Do you have an adjustable rate mortgage that you would like to refinance to a fixed rate mortgage product?

To learn more about our mortgage financing options, visit one of our branch locations or contact our Call Center at 916.364.1700 or 800.233.6328. To apply, download our 1st Mortgage application.

Already have a HCCU Mortgage? Visit our Mortgage Service Center.

*Financing up to 97% LTV is available for loan amounts up to $417,000. All loans exceeding 80% LTV will require Private Mortgage Insurance. Subject to credit approval and property valuation. APR, terms & conditions subject to change. Property insurance required; flood insurance may be required. Limited to owner-occupied one-to-four family unit properties located in California. Excludes manufactured homes, mobile homes, and commercial properties. Other restrictions on property may apply.

¹$175,000 at 4.25% APR requires a monthly payment of $860.89 for a 30-year fixed term.

²$175,000 at 4.00% APR (single variable rate) requires a monthly payment of $309.62 for a 30-year term

Related Real Estate Services

Are you Selling Your Home or Buying a New Home? Receive a 25% rebate on real estate commissions when you buy or sell a home through the Home Benefits Plus program. Home Benefits Plus is a free program that can save you thousands of dollars as a homebuyer and a seller.

Example One: You're buying a $300,000 home using a realtor referred to you by Home Benefits Plus. The commission would typically be $9,000 - you would receive a 25% rebate on the commission, therefore you would receive a rebate of $2,250.*

Example Two: Home Benefits Plus refers a realtor to you to handle the sale of your existing $250,000 home. The commission would typically be $7,500 - you would receive a 25% rebate on the commission, therefore you would receive a rebate of $1,875.

This means, using both these examples, you could receive a total savings of $4,125!

Click here to get started online or call Home Benefits Plus at 888.603.9563 and identify yourself as a Heritage Community Credit Union member. You will be personally contacted by one of Home Benefits Plus consultants who will refer you to a specially trained real estate agent.** When your transaction is complete, you will receive a 25% rebate on the selling or listing side of the real estate commissions.

Note: Example based on brokerage commission of 3% of the buying or selling price.

*Rebates are subject to state law. The following states currently prohibit rebates: AK, ID, IA, KS, KY, LA, MS, NJ, OK, OR, TN, WV.

**To take advantage of the program, you must call Home Benefits Plus before contacting an agent. No rebate is available if you call an agent directly.