Open the door to homeownership

Buying a home is one of the biggest financial decisions you’ll make in your lifetime. We understand you’ll have questions and we’re here to provide answers.

Whether it’s your first home, a vacation property or an investment purchase, we’ll help you get there.

With low fees, flexible programs, and expert advice, we’ll work with you to help you find your place to call home.

Home sweet home loan benefits

Low rates, flexible options

Fixed-and adjustable-rate options and low down payment programs

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Expert advice

Personalized advice and guidance at each step – find your Home Loan Consultant

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Homebuyer resources

Search for properties, receive special discounts and more with Home Advantage

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Fast and free pre-approvals

Make offers with confidence and learn more about getting pre-approved upfront

Secure your rate in advance

Lock in your rate while you make offers on homes1

On-time closings

We consistently meet deadlines and close quickly

Purchase Fixed Rates

Rates Effective 2/8/2023
Loan Program Amount Rate APR2
30-Year Fixed $50,000 to $726,200 6.250% 6.334%
30-Year Fixed (No Closing Costs, 3% Down) $50,000 to $726,200 6.750% 6.806%
20-Year Fixed $50,000 to $726,200 5.750% 5.854%
15-Year Fixed $50,000 to $726,200 5.500% 5.627%
10-Year Fixed $50,000 to $726,200 5.500% 5.680%
30-Year Fixed Jumbo $726,201 to $2,500,000 6.875% 6.950%
15-Year Fixed Jumbo $726,201 to $2,500,000 6.250% 6.361%

Purchase Adjustable Rates

Rates Effective 2/8/2023
Loan Program Amount Rate APR2
5/1 30-Year Adjustable3 $50,000 to $726,200 5.625% 6.459%
5/5 30-Year Adjustable4 $50,000 to $726,200 5.750% 5.750%
7/1 30-Year Adjustable3 $50,000 to $726,200 5.750% 6.377%
10/1 30-Year Adjustable3 $50,000 to $726,200 5.875% 6.297%
10/10 30-Year Adjustable5 $50,000 to $726,200 6.000% 6.038%
5/1 30-Year Adjustable Jumbo3 $726,201 to $2,500,000 5.125% 6.246%
5/5 30-Year Adjustable Jumbo4 $726,201 to $2,500,000 5.250% 5.538%
7/1 30-Year Adjustable Jumbo3 $726,201 to $2,500,000 5.250% 6.106%
10/1 30-Year Adjustable Jumbo3 $726,201 to $2,500,000 5.375% 5.956%
10/10 30-Year Adjustable Jumbo5 $726,201 to $2,500,000 5.500% 6.248%

Mortgage Calculator

How much home can I afford? (Below, “Monthly child support payments” refers to child support payments made as a monthly expense, not to income from child support.)

Frequently Asked Questions

A Patelco home loan consultant helps a member prepare to buy a new home.
A trusted partner through it all

Buying a home is an exciting milestone, but there’s a lot of information out there and it can feel overwhelming at times. Having a good partner on your side can make all the difference.

Our Home Loan Consultants are experts in their trade, and bring local expertise, guidance, and support throughout the entire process. They’ll answer all of your questions so you’re well-informed and ready to take the next step toward your new home.

Potential homebuyers tour a house.
Lock in your rate while you shop for a home
Rates can change daily but yours doesn’t have to. Once you’re pre-approved and actively making offers on homes, we’ll honor your rate for up to 30 days1 – giving you time and peace of mind while you shop for the right home.

1 Lock and Shop program is available for first (1st) mortgage Jumbo loan purchase transactions only. Must have a home loan application with Patelco to lock in a rate. Patelco will honor your rate up to 30 days from the date it is locked. Once a fully-executed purchase contract is received, the rate will prevail until loan funding.

2 APR = Annual Percentage Rate. APRs are based on the following:

  • Conforming: Loan amount of $726,200 + closing costs
  • Jumbo: Loan amount of $1,500,000  + closing costs
  • Mortgage rates shown are based on a 30-day lock for purchase transactions

Rate shown at 60% loan-to-value (LTV), owner-occupied purchase with excellent credit and no subordinate financing. Your rate may be different than what is shown, there are pricing adjustments on certain scenarios. Please use the rate calculator on our mortgage application site to receive a better estimate for your scenario. Rates, terms, conditions, and availability are subject to change or withdrawal at any time and without notice. Nothing herein is or should be interpreted as an offer or commitment to lend. Loans are subject to credit and property approval. Other conditions and restrictions may apply. Hazard insurance may be required. NMLS ID Number is 506373.

3 The index is the weekly average of the 1-year US Treasury securities adjusted to constant maturity of one year, as made available by the Federal Reserve. The caps are 2% annually and 6% lifetime based on the initial rate. The current index is 4.68%. Your rate may be different than what is shown.

4 The index (for 5/5 product) is the weekly average of the 5-year US Treasury securities adjusted to constant maturity of five years, as made available by the Federal Reserve. The caps are 2% every adjustment and 5% lifetime based on the initial rate. The current index is 3.63. Your rate may be different than what is shown.

5 The index (for 10/10 product) is the weekly average of the 10-year US Treasury securities adjusted to constant maturity of ten years, as made available by the Federal Reserve. The caps are 3% every adjustment and 6% lifetime based on the initial rate. The current index is 3.52. Your rate may be different than what is shown.

6 Closing costs fees include applicable title, escrow and recording cost fees and will appear on the Closing Disclosure. The appraisal and credit report fee will be paid up-front by the member and reimbursed at closing. Hazard Insurance, Taxes, HOA fees, Purchase Owner’s Policy and Transfer Tax are not covered by Patelco. At least one borrower is a first-time home buyer (had no ownership interest in a property in the last three years). Applicable on the purchase of a single family residence and 30 year fixed conforming loans with minimum 740 FICO.

7 Loans subject to credit and collateral approval. WISH program is not available in all counties. Terms and conditions are subject to change. Enrollment in the WISH Program is not a guarantee to the homebuyer of receipt of funds. The grant recipients must sign a Promissory Note, Deed of Trust and Rider to the Deed of Trust and there will be a lien placed against the subject property for the amount of the grant that will remain on the property for five years. The amount owed will decrease by 20% for each year the borrower retains homeownership of the property as their primary residence. No payments toward the grant are due as long as the homebuyer resides in the property and abides by the terms of the grant. After five (5) years, the grant is forgiven, and the lien is released from the property. This is a fixed-rate loan with fixed monthly principal and interest payments for the life of the loan. Loan amounts available up to $726,200 on 1-unit properties. Mortgage insurance is required for loans exceeding 80% LTV. Minimum credit score and reserve requirements apply and may impact the amount that can be borrowed and the interest rate/APR for which you are eligible.

8  Eligible for conforming loan amounts and 95% loan-to-value (LTV) available on 15-and 30-year fixed jumbo mortgages only. Loans over 80% LTV require mortgage insurance (except for 10% down “combo loans” up to $2 million, which are only available in CA).