Home Loans and Mortgage
Options for our Community
As a credit union, we are interested in strengthening our neighboring communities through accessible loans, lower rates, and better refinancing options so your needs are always at the forefront of our services. Ready to own your future? USC Credit Union will be with you, every step of the way.
About USC Credit Union
USC Credit Union proudly serves our campuses and surrounding communities, adapting to your growing and evolving needs. As a credit union, we operate on a not-for-profit model, meaning profits go back to our members in the form of lower rates on loans and fewer and lower fees than banks.
When you become a member of USC Credit Union, you benefit from the many perks of our community-focused approach to banking. From creating access through competitive rates, to financial education resources, we are dedicated to delivering responsible, affordable deposit and lending products to help you achieve financial well-being.
Home Loan and Mortgages
At USC Credit Union you’ll find favorable borrowing terms for first-time homebuyers including fixed rate and adjustable-rate mortgages. We are also proud to offer a variety of Federal Housing Administration (FHA) and VA Loans designed to help veterans and low to moderate income families obtain homeownership. If you’re already a homeowner, we can help you reach your homeownership goals with our competitive refinancing options. Have you come across an unexpected expense? With USC Credit Union home equity options, you can easily and affordably tap into your home’s equity for cash.
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Are you ready for a home loan?
USC Credit Union has seen our community grow and change for almost 50 years, adapting every step of the way by helping members like you understand the home loan process. Since homes are often the most valuable asset you will own, we feel a personal duty to inform our members about their best loan options. Every situation is different, so talk to us to see which path works best for you.
Prepare for Success
Found the perfect home? Figure out how much you will need and how much you can afford for the monthly payments. USC Credit Union offers financial guidance from expert Loan Officers that know our neighboring communities very well. Even if you’re still looking for a home, it’s wise to get prequalified so you submit a bid with confidence.
USC Credit Union is Here to Simplify Your Financial Journey
Ready to apply? Start your loan application here. If you have any doubts and would like advice from people that understand your needs and concerns, our team of expert mortgage specialists are here to help. Schedule an appointment with a member of our mortgage team here.
Meet Our Loan Specialists
Guillermo Monterrosa has over 33 years of home lending experience and has been servicing USC Credit Union’s members’ real estate needs since 2002. He is bilingual and specializes in Conventional and Equity loans.
Email: gmonterrosa@usccreditunion.org.NMLS: #491919
Joe Gonzalez recently joined the USC Credit Union and adds 28 years of home lending experience to its real estate team. He is bilingual and specializes in Jumbo, Conforming, VA, and FHA loans.
Email: jgonzalez@usccreditunion.orgNMLS: #695529
Loans We Offer
Loan Options
There are a variety of home loan options and USC Credit Union will help you find the one that's right for you. We are proud to offer the following home loan programs:
• Low Down Payment Loans
• Loans Up to $3 Million
• Investment Properties
• Second Home
• Home Equity Options, Fixed Rate or Lines of Credit
• Loans in all 50 states
• Federal Housing Authority (FHA) Loans
• Veteran’s Administration Loans
Fixed-Rate Loans
Ideal for those who plan to stay in their home long-term with consistent payments
A fixed-rate mortgage ensures that your monthly payment remains the same throughout your loan term even if interest rates rise. We offer traditional terms, or you can customize your request by choosing a term.
Adjustable-Rate Loans
For the homeowner who may be looking to upgrade in a few years and wants a low fixed term for a few years to save on payments as you save for other financial goals
An adjustable-rate mortgage (ARM) gives you the benefit of locking in a low fixed interest rate for a certain number of years, then adjusts after the fixed term expires. Multiple terms available so you can find one that fits your budget.
Low Down Payment Loans
For those that meet certain criteria
USC Credit Union offers a wide range of home loans with low down payment options to provide opportunities for all members of our community. These loans are available to:
• Veterans
• People with energy efficient homes
• DACA beneficiaries
• People with student loans
More criteria exist for low down payment loans. Please reach out to our loan officers for more and to see if you qualify.
FHA Loans – Federal Housing Administration
For those that may have limited options due to financial history
If you’re worried that high debt and a lower credit score might prevent you from getting a home loan, you may be approved for an FHA loan. FHA loans have more flexible financial qualifications, so they are a popular option for first-time home buyers, though you don’t need to be a first-time buyer to qualify. As of January 2021, DACA individuals qualify for FHA loans as well.
VHA Loans – For Eligible Veterans
Available for those that have served in the military
VA Loans are available to people that have served or are active in the military. They have favorable borrowing terms including no money down, no mortgage insurance and flexible qualifying guidelines. DACA veterans also eligible for VHA loans.
Home Equity Line of Credit (HELOC)
Tap into your equity easily for home improvements, debt consolidation, emergency funds or other unexpected expenses
As a homeowner, you can tap your equity easily and affordably for any purpose. Upon approval of your credit union home equity line of credit, we’ll establish a credit limit, so you will only need to apply once for this revolving line of credit. And, since you only pay interest on the actual amount you use, it’s perfect for an emergency fund.
• Interest-only terms available
• No up-front costs or annual fees
• Pay interest only on the amount you borrow
Close End Home Equity Loan
Good option if you need a specific amount of money for a single purchase, like a home improvement project.
A Closed End Home Equity Loan is a fixed-rate equity loan perfect for when you’re borrowing for a specific purpose. Borrow only as much as you need!
• Flexible term options
• Fixed-rate payments that never change
What You Need to Apply
An Account with USCCU
Your Financial Information
If you’re not a current member, you can still apply for a loan. Once you are approved for your loan, we’ll start your membership process for you. You must become a member of USCCU to receive your funds. Check to see if you’re eligible for membership.
We will need information about your current income to gauge your eligibility and ability to afford the monthly loan payments.
Call (877) 670-5860 or make an appointment
As an extension of the Trojan family, the USC Credit Union represents a commitment to support that is lifelong and worldwide. They always provide great service and competitive rates. When I purchased my first home, they were very knowledgeable and made the entire process easy.
Juana
It was comforting to know I had the support of my USC family during one of my worst times. When my father passed away unexpectedly and I needed to finance a trip to El Salvador, USC Credit Union expedited my loan request and handled my situation with compassion.
Noel
I rely on the USC Credit Union for all of my financial needs. I received outstanding care and assistance when I refinanced my home loan and purchased my car. I always know I can depend on their competitive rates and service that is sincere and personable.
Tom
We put your financial success in your hands.
Whether you’re a first-time homebuyer, need to refinance, or are seeking a home equity line of credit, we are honored to partner with you to make the process as easy as possible.
Call (877) 670-5860