Purchase Options

USC Credit Union offers a number of ways to make home ownership a reality. Together, we’ll find the perfect home loan for you!

< View all Home Loans options

Fixed-Rate Mortgages

A fixed-rate mortgage ensures that your monthly payment remains the same throughout your loan term. We offer traditional terms of 15, 20, or 30 years, or you can customize your request by choosing a term between 5 and 20 years. Fixed-rate mortgages are ideal for those who plan to stay in their house long-term, allowing a consistent payment over the term of the loan.

Adjustable-Rate Mortgages (Fixed-rate term with adjustable feature)

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. Adjustable-rate mortgages are ideal for those who may be considering moving within the first 5-7 years, as it allows you to take advantage of lower interest rates than the typical 30-year fixed rate mortgage.

The most popular ARMs have a fixed rate for the first five or seven years, then have an adjustable rate that typically adjusts annually. These are called 5/1 or 7/1 ARMs.

Finding it hard to choose between fixed or adjustable rate?
Enhance your buying power with a 5/5 ARM!

Protect yourself from rising interest rates with a 5/5 Arm. Your APR will stay the same for the first 5 years of the loan, versus changing every year. It combines the lower payments of a traditional ARM with the extremely low fixed adjustment caps. Plus, it keeps your monthly payments predictable, even if market rates go up! Other benefits include:

  • Rate as low as 2.99%/3.997% APR* for purchase and refinance
  • Great for first-time buyers and those looking to move/sell in the next 15 years
  • No points and no lender fees
  • Loan amounts up to $2 million
  • Rate adjusts once every 5 years, with a lifetime rate cap max of 5%
  • Rate adjusts a maximum of 2% in year 6 and stays through year 10

See Current Rates

Apply Now

Have questions? Call (877) 670-5860 to speak to a representative in our real estate department.

Right Move Program
If you’re using an agent to help buy or sell your home, look here first! You could earn a 20% rebate from the commission of a participating First Team Real Estate agent who represents you. That could add up to thousands of dollars in savings! Learn More

Free Home Buying Information
If you’re just starting out in the market or if you’ve been around the block a few times, our complimentary educational seminars might be just the information you need to make your decision. You can learn about:

      • Purchasing real estate in the current market
      • Defining your ownership goals and creating your home buying strategy.
      • Choosing the right home loan for you

…and more!

Rates disclosure:*Loans are subject to credit approval. California properties only. Membership in USC Credit Union required. Must Qualify for USCCU membership and membership fee may apply; please call (877-670-5860) or visit www.USCCreditUnion.org to confirm eligibility. The 3% down-payment is for purchase and rate and terms refinance transactions only, single family residence, owner occupied, and maximum loan amounts up to $850,000. Private Mortgage Insurance (PMI) is required for loans exceeding 80% loan to value. Payment example is for illustration purpose only and is based on an 5-5 ARM with a 30 year loan term, a loan amount of $424,100 at 75% loan to value with a start rate of 2.99% / 3.997% APR which is subject to increase. 60 payments of $1,785.74 at an interest rate of 2.99%; 299 payments of $$2,095.39 at an interest rate of 4.50%; 1 payment of $2,096/39 at an interest rate of 4.500%.Verification of income, hazard, and, if applicable, flood insurance is applicable will be required. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice.