Home Loans

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NMLS 416906

Loan Features

  • Jumbo Mortgages – up to $3 million
  • PoppyLoan™ – up to 100% financing
  • Fixed and Adjustable Rate Mortgages (ARMs)
  • Home Equity Line of Credit (HELOC)
  • 10-Year Interest-Only 10/1 ARM

San Francisco Federal Credit Union has a variety of loan products to suit your needs. Not only that, but you may be eligible for up to 100% financing!

How Much Home Can I Afford?

When you’re buying a home, mortgage lenders don’t look just at your income, assets, and the down payment available. They look at all your liabilities and obligations as well, including auto loans, credit card debt, child support, potential property taxes and insurance, and your overall credit rating. It’s also smart to learn how to budget for your new home.

Definitions for Single Family Loan Amounts 

  • Conforming Loan Limits: Maximum loan amount $726,200
  • Super Conforming/High Balance: Loan amounts over $726,200 to a maximum of $1,089,300
  • Jumbo Loan Amounts: Loan amounts over $1,089,300

It’s smart to spend time investigating which mortgage is right for you, especially with the variety of loan products we offer to suit your needs. Whether you’re purchasing a new home or refinancing your existing home, selecting the right loan type is crucial.

Check out our expert home-buying ideas!

Fixed-Rate Mortgages

A great option for those planning to stay in their new home for a long time and who want to minimize the effects of rising interest rates on their mortgages. San Francisco Federal Credit Union’s Conventional Fixed-Rate mortgages give you the stability of fixed monthly payments for the life of the loan.  In other words, your total monthly payment of principal and interest will remain the same over time.

We offer both conforming and jumbo fixed-rate mortgages. The Bay Area maximum loan limit for conforming loans is usually $726,200; for super conforming loans the limit is $1,089,300, and jumbo loans are for amounts greater than $1,089,300. We offer:

  • 15- and 30-year terms with fixed monthly payments
  • Fixed rates (payments stay the same through term)
  • Jumbo financing available
  • Refinancing options available

Jumbo Mortgages

Get one of the lowest fixed-rate Jumbo Loans in the nation!

Jumbo mortgages are home loans that exceed amounts over $1,089,300, allowing you the opportunity to buy a high-priced home here in the Bay Area. If you have a lower debt-to-income ratio and a higher credit score, a jumbo loan may be right for you.

The limit on conforming loans is $726,200, but jumbo mortgages can exceed these limits, going up to $3 million. And with skyrocketing housing prices in the Bay Area, most people need a jumbo loan.

  • Credit history – Jumbo mortgages are usually available for borrowers with very good credit, which generally means a FICO score of 680 or higher. There are also established guidelines for income and other personal financial information.
  • Property appraisal – The property appraisal must support the purchase price for the home and the mortgage the borrower wants. The maximum loan amount will be based on the lesser of either the sales price or the appraised value

Adjustable Rate Mortgage (ARMs)

An adjustable-rate mortgage (ARM) differs from a fixed rate mortgage in many ways. Most importantly, the interest rate changes periodically with an ARM, usually in relation to an index, and payments may go up or down accordingly. ARM rates may have a fixed rate period of three, five, seven, or 10 years. After the initial fixed-rate period, the interest rate and payment may change accordingly.

Adjustable rate mortgages are a hybrid of fixed and variable rates. Generally, fixed rate interest is offered the first few years of the loan followed by variable rate interest after that. Therefore, investors can expect to have varying payment amounts for the life of the loan as opposed to one consistent payment, as with a fixed-rate loan.

The advantage of an adjustable-rate mortgage is that they carry lower interest rates during the fixed period of the loan, which will in turn give you the opportunity for a lower initial monthly payment.

Interest Only Adjustable Rate Mortgage (IO ARMs)

An interest-only adjustable-rate mortgage (IO ARM) provides the features of an adjustable-rate mortgage (ARM) with the added benefit of significantly lower initial payments.

During the initial 10-year payment period, payments are for the monthly interest only, no principal payment is required. Following the initial 10-year period, the loan converts to interest and principal payments that fully repay the loan amount over 30 years (amortization period). The total loan term for this loan is 40 years.

While the interest remains fixed in the initial period, the interest rate during the 30-year amortization period may vary annually. The rate adjustments are subject to rate caps for each adjustment period and lifetime minimum and maximum interest rate caps for the loan.


San Francisco Federal Credit Union has a home loan product that offers up to 100% financing on your dream home! Why pay ridiculous rent when you can buy your own home with the customizable POPPYLoan™, a game-changing solution to that woeful lament: “I don’t have enough money for a down payment!”

Refinancing Your Home

Swap out your old loan for a new (and better!) one. Whether you have an existing San Francisco Federal Credit Union loan or one with another lender, we have options that may save you money. We offer both fixed-rate and adjustable-rate mortgages (ARMs), with no pre-payment penalties and no private mortgage insurance (PMI) or upfront mortgage insurance premium (UMIP) on many loans.

Home Loan Rates

First Mortgages
Conforming 30 Year Fixed Rate Loan6.125%6.221%0.000%
Conforming 15 Year Fixed Rate Loan5.500%5.649%0.000%
Conforming 5/1 Adjustable Rate Mortgage6.625%7.370%0.000%
Conforming 10/1 Adjustable Rate Mortgage6.375%6.909%0.000%
Conforming Interest-Only 10/1 Adjustable Rate Mortgage6.625%7.156%0.000%

Last Updated: 03/22/2024

Home Equity
HELOC 10/208.500%8.500%0.000%
10 Year Home Equity Loan9.250%9.250%0.000%

Last Updated: 03/22/2024

Contact Us

We have home loan experts available to make your experience as smooth as possible. Call us at 1-800-852-7598 x 2977 to speak to one of our knowledgeable and friendly mortgage professionals to answer any of your questions.

Home Loan Document Checklist

When getting ready to submit an application, here’s a list of documents you will need to have on hand.

Member Reviews

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