Government-backed loans that offer lower down payment requirements and flexible credit standards. Ideal for low-income, first-time borrowers, DACA, ITIN, and active currently military, veterans, and their surviving spouses.
- Low minimum down payments and loan options with no money down
- Lower interest rates and closing costs
- Higher debt-to-income ratios relative to other loan types
Buying a home is exciting – and complex. Count on our team of experienced home-lending professionals to guide you through every step of the process. We put together a guide to help you buy your first home with confidence. Find everything you need to know all in one place, including:
- Home buying basics and loan options
- Step-by-step application process
- Post-closing next steps
Thinking of using a real estate agent to help you buy or sell your home? Need more convincing? Take a look at what USC Credit Union’s Right Move program offers home buyers and sellers in Los Angeles and Orange County:
- Rebates on home sales and purchases1
- Discounts on escrow services and home warranties1
- Guaranteed on-time mortgage loan closing1
Join the clean home energy movement. Choose from two solar loan options, both with USC Credit Union’s affordable rates and flexible terms.
FHA & VA Loans
Need a mortgage with a low down payment? FHA (Federal Housing Administration) home loans fit the bill. Veteran or active military? Ask about VA (Veterans Affairs) home loans – perfect for first-time homebuyers.
Cash in on the equity you’ve built up. Choose from two affordable options: a home equity line of credit (HELOC) or a fixed-rate home equity loan.
The Rise of Card Skimming and How to Fight It
Skimming is a persistent and evolving threat, but by being aware and taking preventative measures, we can fight against compromised cards and protect our financial well-being. Read this guide for tips and signs to watch out for.
Repaying Student Loans: Budget Your Way to Freedom
Managing student loan debt can sometimes feel like an uphill battle. But the truth is, a smart budget, personalized to your income and other expenses, can be your greatest asset in paying off your student loans while maintaining your quality of life. In this guide, we walk you through the steps to create your own budget that works for you and your goals.
Recognizing Text Scams
Does this sound familiar? “Did you attempt a payment for $3,000? Reply YES or NO.” If so, you're not alone. Financial institution impersonations are the most common text scams and usually include bogus fraud warnings and transfer alerts. Follow these tips to help you identify potential scams and keep your personal information safe and secure.
How to Pick a Good Student Loan Co-Borrower
When delving into the world of private student loans, you may discover that many lenders mention a “co-borrower.” A co-borrower is someone who applies for the loan with you and is equally responsible for ensuring it is repaid. A private student loan will be held in your name as the primary borrower, but the co-borrower’s name and credit will be tied to the loan as well.
The Housing Authority of the City of Los Angeles and USC Credit Union Connect Nickerson Gardens Residents with Financial Literacy Education
The Housing Authority of the City of Los Angeles (HACLA), in collaboration with USC Credit Union, successfully concluded a transformative financial literacy initiative for residents of Nickerson Gardens.
USC Credit Union Board Member Michael Broughton Selected for The Obama Foundation Leaders USA program
On August 1, 2023, the Obama Foundation unveiled Altro Founder/CEO and USC Credit Union board member Michael Broughton's selection to the inaugural Obama Leaders USA 2023 program.
Student Loan Forgiveness Was Blocked by the Supreme Court. What’s Next?
On June 30, the Supreme Court struck down Biden's one-time student loan debt forgiveness plan, which was set to forgive up to $20,000 for 26 million borrowers. So, what's next? Read this blog post to review the latest updates.
Federal Student Loan Payments Resume Soon – What You Need to Know
Most federal student loan payments and interest have been suspended since March 2020. After numerous extensions, student loan interest will resume on September 1, 2023, and payments will resume starting in October.
Don’t Sweat the Scams this Summer
Amidst all the sunshine and fun summer brings, scammers will try to rain on our parade. Stay ahead and shield your accounts with these 5 common summer scams to look out for!
The Top 4 Best Ways to Pay for College – How to Fill the Funding Gap
Let’s face it – no one is accepted to college and thinks, “I can’t wait to pay my tuition bill!” College is a big investment, which is why it’s important to know your options, plan ahead, and choose wisely when paying for it. Remember: filling out the Free Application for Federal Student Aid (FAFSA) is the first step to securing any financial aid! Follow the “free, cheap, gap” method to responsibly pay for college, and set yourself for a strong financial future down the road.
1Rebate payment is made by First Team Real Estate and is credited to your benefit at the close of transaction. Purchase price must be greater than $200,000. To receive the 25% rebates, the home sale and purchase transactions must take place within six months of each other. Rebates applicable to California properties only. Members receive a 20% rebate if they sell or purchase a home with a First Team Agent. First Team Real Estate is not affiliated with USC Credit Union. Ask for details. On-time closing guaranty paid by Hallmark/Coast Cities Escrow at the close of transaction. Hallmark/Coast Cities Escrow is not affiliated with USC Credit Union.
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