Let us help you take this next big step.

Whether you're looking to buy your first home or need more space for your growing family, our low rates and fees can make your home ownership goals a reality. And our expert Home Loan Consultants will walk you through the process every step of the way. But let's start with a few questions:

An adjustable rate mortgage improves your cash flow during the first few year with lower initial payments

Find a Home Loan Consultant

Affordable down payment options

It’s a common misconception that you need a 20% down payment to buy a home. In fact, you can get into a home with a down payment as low as 3%. We offer several programs designed to help make homeownership more affordable.

Here’s an overview of the most common options and their benefits:

  3% Down First Time Buyer Loan 5% Down Loan 10% Down Piggyback Loan
Down payment 3% down with no closing costs1 5% down 10% down + 10% down from 2nd mortgage (HELOC) obtained at closing
Loan amount Borrow up to $548,250 Borrow up to $1 million Borrow up to $2 million
Mortgage insurance Yes Yes No
Interest rate Fixed or adjustable Fixed or adjustable 1st mortgage: Fixed or adjustable
HELOC: Variable rate with interest only payments for 10 years
Key benefits Low down payment helps preserve cash and save on closing costs Allows you to purchase a home in higher price range, while still having low down payment Helps maximize your buying power by providing a 20% down payment

Happy homeowner stories

Take the next step towards home ownership

Talk to a Home Loan Consultant

800.358.8228 (press 3)

Visit a branch

Apply online

Search for homes with HomeAdvantage™

Search

Protect your home with Patelco Insurance Services2

Overdraft Protection

Unlock your home's equity

Home Equity

1. Closing costs fees covered 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.

2. Insurance products are not deposits of Patelco Credit Union and are not insured by the NCUA. They are not guaranteed by Patelco Credit Union and may be subject to risk. Any insurance required as a condition of an extension of credit by Patelco Credit Union need not be purchased from Patelco Insurance Services and may be purchased from an agent or an insurance company of the member's choice. Patelco Insurance Services is a subsidiary of Patelco Credit Union. Insurance products offered by Patelco Insurance Services, a California insurance agency (License #0C97544). Any complaints may be filed with the California Department of Insurance, www.insurance.ca.gov.