Mortgages & Home Equity Loans
We offer a full Range of Mortgage Options
Are you planning to purchase a new home? Is it time to remodel the kitchen? Finance an education? Consolidate high interest loans? Purchase a new car? Plan a Wedding?
Our home mortgage programs provide an affordable way for you to purchase a new home or refinance your current mortgage. We have lower than average closing costs, no points loan options and low rates on our fixed and adjustable rate mortgages.
Silverado CU provides first and second mortgages, home equity 'line of credit' loans, home improvement loans, residential 'owner occupied' construction loans and secondary market financing.
We can show you how various choices affect your monthly payment and help you choose a mortgage that is right for you. We provide:
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Owner and Non-Owner occupied
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Up to 40 Year terms
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Fixed & Variable Rates Loan Options
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Financing available up to 80% Loan to Value
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Conventional and Mini-Jumbo Loans offered (1-4 Units)
Get Pre-Approved at No Cost
We can give you preliminary pre-approval for a mortgage at no cost, usually within 24 hours. Pre-approval gives you three unique benefits:
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You know your price range as you shop
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You can lock in your rate for up to 45 days with no cost to you, and
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You have a better bargaining position when there are multiple offers on the home you want.
Refinance Easily and Affordably
We can help you whether you want to refinance to take advantage of low interest rates, for a major purchase, to remodel or for some other reason. Talk with our Real Estate Loan Manager, Claire Magee, to help you see what your options are.
Put your Home’s Equity to Work
Borrowing with your home’s equity as collateral offers two major benefits:
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the interest rate will usually be much lower than what you’d pay on a credit card or personal loan and
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the interest you pay on a home equity loan is usually tax deductible, which further reduces the cost of borrowing. Consult your tax advisor. You don’t get a tax deduction for interest paid on a credit card or personal loan.
Applying for a home loan of your choice is easy. For details or for loan applications call us at (707) 965-2483 or stop in at our Angwin office during business hours.
