When it comes to home loans, South Bay Credit Union (SBCU) offers the personalized assistance you deserve and the customized products to fit your needs. SBCU remains committed to providing members with competitive rates and terms. We understand how the right home loan can benefit you and your family and our professional loan officers can assist you in making the best choice.

We offer a wide-range of First and Equity loans to meet your needs. For the latest rates, please Click Here.

Financial Tools
Access our convenient calculators to see how much your payment would be, how fast you can payoff your existing loan, and many other scenarios.

Tax Advantages
Home loans offer important tax advantages ... regardless of how the funds are used. For information about specific tax benefits please consult your tax advisor or financial counselor.

1ST TRUST DEEDS: Including Jumbo Loans
SBCU has several loan programs to serve your needs.  And, because we are the bank, you can meet face to face with our loan officer, Rose Marie in our Redondo Beach branch. 

• 30-Year Adjustable Rate Mortgage 7/1 and 10/1
• 20-Year Fixed Rate
• 15-Year Fixed Rate
• 10-Year Fixed Rate

2ND TRUST DEEDS: 15-Year Fixed Rates
Whenever you tap the equity in your home for a specific goal or purchase, a closed-end 2nd TD is ideal. It lets you control monthly expenses and makes budget planning easier. 2nd TDs feature:

• Borrow up to $250,000 (or 75% of appraised value, less 1st Trust Deed)

HOME EQUITY LINE OF CREDIT (HELOC)
If you’re looking for favorable rates, quick and easy access to your money, then a home equity line of credit (HELOC) is for you. From purchasing a car to paying off high interest debt, you can use a HELOC for just about any need. You borrow what you need when you need it. As you repay your principal, that money becomes available to borrow over and over again. That means you don't have to re-apply every time you need funds. And the interest on a home equity line of credit may be tax deductible. (Check with your tax advisor for details).

• Low rate!
• NO Annual Maintenance Fee!
• Borrow up to $250,000! (or 75% of appraised value, less 1st Trust Deed)
• Terms up to 25 years
• 10-year interest only payments (draw period)
• Convenient access through SBCU checks tied to your HELOC, Automated Telephone Banking, online banking, or any branch location.

REVERSE MORTGAGES
Use the equity in your home with no monthly payments.  Funds can be used for any purpose including retirement,  pay off mortgage, buy a second home, expenses, gift to children, downsizing or upsizing.  Flexible terms and rates. 

Insurance
We have partnered with local independent agents that offer our members discounted rates.  Click here for more information.