Mortgage Loans
Equity Loans
Realtor Service
Home ownership is the American dream, and at Service Plus Credit Union we realize that every person has different needs. That's why we have formed an alliance with CU Partners, enabling us to offer a wide variety of mortgage solutions in all 50 states to Americans and Non-Resident Aliens. With more than 2,000 home loan products and programs, we can customize a mortgage to fit your specific situation.
We can provide:
- Consultation over the phone or in person with a branch manager.
- Fixed or adjustable rates with the added benefit of flexible pricing.
- FHA or VA loans.
- Financing for second homes or rental properties.
- Low documentation loans
- Opportunities for members with perfect or not so perfect credit and much more!
Our Home Loan Specialist will customize the pricing features to meet your specific
needs. Whether you choose the lowest rate available or select a no-cost loan,
we are here to explain the challenges and benefits of each option. The goal
at the Home Loan Center is to design your home loan to meet your personal financial
profile.
Branch Managers are available to answer your questions. Call 1-888-680-PLUS
(7587) or visit a branch today.
Using The
Mortgage Calculator™ will help you determine the mortgage loan-financing
amount for which you could potentially qualify.
Service Plus Credit Union also offers Home Equity loans.
We offer two types of home equity products: a variable rate home equity line of
credit (HELOC) and a fixed rate home equity loan. Choose the one that's right
for you.
Variable rate home equity line of credit (HELOC)
A Home Equity Line of Credit (HELOC) from Service Plus CU is the smart way to
borrow. Use your line of credit for school expenses, a new car, yard landscaping,
vacation, or anything you can imagine.
- Borrow up to 80% of your available equity.
- No points.
- No Fees on loans up to $125,000. Higher loan amounts are available.
- Variable interest rate that is tied to the Prime Rate.
- 15-year term.
- Smart source of credit.
- Loan proceeds may be used for any purpose.
- Potential tax deductible interest (please consult your tax advisor).
Printable forms:
Complete variable
rate HELOC packet - includes an application and all required forms, and
the handbook"When Your Home is on the Line"
Fixed rate home equity loan
The fixed rate home equity loan program is a closed end, fixed rate loan, secured
by a lien against your home. It makes good financial sense to use your fixed
rate home equity loan to reduce your tax bill by hundreds of dollars. This loan
is not offered on manufactured or mobile homes.
- Borrow up to 80% of your available equity.
- Non-owner occupied loans up to $49,999.
- Maximum term of 15 years.
- Fees apply, including a $250 processing fee.
- Loan proceeds may be used for any purpose.
- Potential tax deductible interest (please consult your tax advisor).
Call the credit union at (951) 680-1998 for today's fixed rate.
Printable forms:
Complete
fixed rate home equity packet - includes an application and all required
forms, and the handbook"When Your Home is on the Line"
Receive a 20% Rebate When Buying or Selling Your Home
You will receive a 20% rebate on the selling side or the listing side of the real estate commissions when you buy or sell your home using Member Benefit Services.
For example, if you bought or sold a $300,000 property with a 6% commission, either 20% of the selling side or the listing side share of the commission, whichever the case may be, would be rebated to you. The 20% rebate you would receive off that commission would be $1,800 (20% of $9,000)! Even better, you can receive the rebate on both the sale of your current home and the purchase of a new home, as long as you use Member Benefit Services to handle both the transactions.
How the Program Works:
- Click on Member Benefit Services for more information.
- Call Member Benefit Services at (800) 540-6251.
- Identify yourself as a Service Plus CU member.
- Benefit Services will match you with a participating agent.*
- When your transaction is complete, you'll receive a 20% rebate on commissions.
When you're ready for your mortgage loan, don't forget to contact us to get pre-approved.
* To take advantage of the program, you must call Member Benefit Services first. No rebate is available if you call an agent directly.
