Welcome Home! Mortgage Options That Work for You
At PremierOne Credit Union, we offer a variety of home loan options to meet your specific needs. Whether you're buying your first home, refinancing, or looking to tap into your home's equity, we have the right solution for you. Our personalized service, competitive rates, and convenient online application process make home financing easy and stress-free.
Check out our Mortgage Options
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First Time Home Buyer Program
If you're looking to buy a home for the very first time, our First Time Home Buyer Program may be the perfect fit for your mortgage needs. Program features:
- Save up to $1,500 on closing costs2
- 0.25% discount off your rate when completing the home buyer educational course online
- Competitive rates, low fees, and a no-point program available
- Get pre-approved quickly and easily with local underwriting
For your convenience, our first mortgage application services are also available 24/7. To apply, please call us at 408-524-4500 or 1-855-500-7128 and press option #4.
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Private Mortgage Insurance (PMI)
Private Mortgage Insurance (PMI) helps you qualify for a home loan with a smaller down payment by lowering the lender's risk. If your down payment is less than 20%, you'll need PMI, which increases your monthly payment. Unlike FHA mortgage insurance, PMI can be removed before the loan is paid off if certain criteria are met.
Mortgage Referral Program
Refer a friend, family member, or co-worker to fund a Mortgage Loan and get $3001!
Home Equity Loan
A Home Equity loan3, also known as a Second Mortgage, provides a one-time loan amount at a fixed rate over a set repayment period. Equity loans are perfect for one-time expenses such as; home improvements, debt consolidation, emergency and wedding expenses. Program features:
- Up to 90% Loan to Value (depending on loan amount)
- No points* and No early closure fee, after the first 36 months
- Subject to credit approval; 1 to 4-unit primary residence and investment property in California only
Home Equity Line of Credit (HELOC)
A HELOC4 is a revolving credit line with a low, variable percentage rate. You may only pay interest on what you actually use, so you have financial flexibility to handle whatever comes next. Program features:
- Up to 90% Loan to Value (depending on loan amount)
- No appraisal fee, No annual fee and No early closure fee, after the first 36 months for limits up to and including $250,000
- Insurance on property required
- Subject to credit approval; 1 to 4-unit primary residence and investment property in California only
- Interest may be tax deductible
Accessory Dwelling Units (ADU) Loan
Get more from your home with an ADU HELOC. Whether you want extra space for guests, a separate home office, rental opportunities, or just a place to slip away for some quiet time, an ADU is a great option. Program features:
- 24 months of financing with interest-only payments
- No prepayment penalties
- Up to 90% Loan to Value
Investment Property Loan
Investing in property can be a smart financial decision, whether for a primary residence, rental property, or a home to renovate and flip. Program features:
- Fixed terms available for 30 and 15-year loans
- Loans up to $1,209,750
- No-point program available

Go Green Secured Equity Loan
If you are interested in making a few green home renovations, we can help! Use this low-rate Go Green Equity Loan to help with the purchase of:
- Solar panels or photovoltaics
- Solar-powered water heaters
- Wind turbines
- Fuel cells
- Certified insulation products
- Other green products will be considered on a case-by-case basis
- Up to $500,000
- A document showing the "green" installation is required
Go Green Enhancement Loan
- Unsecured Loan based Green renovation option
- Maximum loan of $50,000
- Terms of 5, 6, 7 & 10 years
- A document showing the "green" installation is required
Additional Resources
- What are the Different Types of Mortgages?
- Myths About Renting vs. Buying a Home
- How Can I Prepare to Buy a Home in the Future?
- 5 Reasons to Consider Investing in Property
Some restrictions may apply. All loans are subject to credit approval.
*APR = Annual Percentage Rate. Rates and terms are subject to change without notice. Some restrictions may apply. All loans are subject to credit approval. Actual rate offered is determined by the loan term requested and by the applicant's individual credit profile. Posted rates include a credit score of 760 or above, and 80% loan-to-value and qualified down payment when applicable.
1. Referred members must fund a mortgage loan for no less than $250,000 within 90 days of mortgage referral submission and open a membership. This new account must remain open and in good standing to receive the $300 deposit. Good Standing is defined as a member who has not caused a financial loss to this credit union. If qualified, the deposit will be credited as a dividend bonus which may be taxable. Verification of membership eligibility and valid identification will be required to open a new membership account. A new member is defined as someone who currently does not have any individual accounts (membership/deposits/loans) and is not a joint account owner with PremierOne Credit Union. Limit one $300 deposit per closed mortgage referral. Credit Union employees do not qualify for this offer. A referring member may not receive more than two mortgage referral deposits per calendar year. Offers not valid with other promotions and not transferable. Referred members under the age of 18 are not eligible. PremierOne Credit Union reserves the right to cancel or change this offer at any time. Not all applicants will qualify, subject to credit approval. Other conditions may apply.
2. First Time Home Buyers Program: To be eligible for the 0.25% First Time Home Buying Program rate discount and $1,500 off their closing costs, applicants must meet the definition of a First Time Home buyer, as defined by the credit union, and successfully complete the Framework home buyer educational online course, a $75 value. A Certificate of Completion is required before close of escrow. A First Time Home Buyer is an individual that hasn’t owned a home in the past three years. Financing available up to 97% for borrowers who qualify for Private Mortgage Insurance (PMI). Some restrictions may apply. Rates, terms, conditions, and availability are subject to change or withdrawal at any time and without notice. Nothing herein is or should be interpreted as an offer or commitment to lend. All loans are subject to credit approval. Must be a member of the credit union to fund a loan. For more information, call 408.524.4500.
3. Home Equity Loan: No Closing Costs and No Points. EXCEPT: 1. Appraisal Fee: only if an electronic version is not available (usually if property is new or rural, etc.) and/or if loan amount requested is above $400,000 2. Title Update Fee: only if title/vesting changes are required after the policy is ordered. 3. Reconveyance Fee: only if an existing PremierOne Credit Union Mortgage Loan or HELOC is being paid off/closed. The LTV allowed for loan amounts is based on your individual credit profile and other policy restrictions.
4. HELOC: This loan has a variable rate. The annual percentage rate can change on the first day of each month. The rate cannot increase or decrease more than 2.00% at each adjustment. Minimum lifetime APR is 4.50%. Maximum lifetime APR is 18.00%. The APR is based on an index. The index is the WSJ Prime rate. Actual rate determined by applicant's individual credit profile. The minimum credit advance that you can receive is $5,000 for the first advance and $300 for each subsequent advance. We will charge your account $20.00 if you request an advance for less than the minimum advance amount permitted under this agreement. For Credit Limits up to and including $250,000 if you do not keep your line of credit open for at least 36 months, you will reimburse PremierOne Credit Union for the actual amount PremierOne Credit Union paid towards the cost of establishing your line of credit. Credit Limits $250,001.00 and Over must pay certain fees to third parties to open the plan. These fees generally total between $800.00 and $2,500.00. Lines must be secured by first or second deed of trust on your personal 1-4 unit residence in California. All loans are subject to credit approval. Some restrictions apply. Please consult a tax advisor regarding the deductibility of interest.