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Home Loans

When you're making the investment of your life, you want to do it right.

Personalized attention throughout your home buying journey.
 

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Cabrillo Credit Union Home Loan Rates

Explore low-rate home loans and flexible mortgage options. Buy or refinance with your local San Diego Credit Union. Simple, secure, and affordable home loans.

Jumbo
Term Rate APR*
30 Year Fixed 6.750% 7.000%
Conventional
Term Rate APR*
30 Year Fixed 6.750% 7.000%
20 Year Fixed 6.625% 6.875%
15 Year Fixed 6.250% 6.500%
5/6 ARM 6.250% 6.500%
7/6 ARM 6.500% 6.750%
10/6 ARM 6.750% 7.000%

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Local San Diego Service, with Competitive Rates

Personalized Assistance

We understand that a home isn't just a place to live—it's a canvas for your dreams. Whether you're looking to purchase a new home or enhance your current one through remodeling, our home loans are here to make your vision a reality. Our wide range of home loan options, including competitive fixed and adjustable-rate mortgages, provides flexibility to suit your unique needs.

Home Loan Options:

  • Fast and easy online application
  • Competitive fixed and adjustable rate mortgages (ARMs)
  • Refinance and cash-out loans
  • Low down payment loans
  • First-time homebuyer programs

Explore the endless possibilities of homeownership and remodeling with Cabrillo Credit Union's home loans. Your dream home is closer than you think, and we're here to help you achieve it. 

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Types of Loans

Fixed Rate

A Fixed Rate Mortgage offers homeowners the stability and peace of mind that comes with consistent monthly payments. With this type of mortgage, your interest rate remains the same throughout the life of the loan, protecting you from fluctuations in the market. This predictability makes it easier to budget and manage your finances, allowing you to plan long-term with confidence.

Adjustable Rate Mortgage (ARM)

These increasingly popular ARMS—also called 3/1, 5/1 or 7/1—can offer the best of both worlds: lower interest rates (like ARMs) and a fixed payment for a longer period of time than most adjustable rate loans. For example, a "5/1 loan" has a fixed monthly payment and interest for the first five years and then turns into a traditional adjustable-rate loan, based on then-current rates for the remaining 25 years. It's a good choice for people who expect to move (or refinance) before or shortly after the adjustment occurs.

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VA Home Loans

Your VA Benefits Can Help Open the Door to Homeownership

VA home loan benefits can make buying or refinancing a home more accessible. Cabrillo can help eligible veterans, active-duty service members, and qualifying borrowers understand their options and take the next step with confidence. From understanding your benefit to getting the keys, we'll help you navigate the VA home loan process.

Step 1

Explore Your Eligibility

Start by understanding your VA home loan benefit and the financing options that may be available based on your eligibility and homeownership goals.

Step 2

Find the Right Home

Know your financing options before you shop so you can approach your home search with a clearer budget and greater confidence.

Step 3

Make It Home

We'll help guide the financing process toward closing so you can spend less time navigating the details and more time preparing for your new home.

The VA Advantage

Put Your VA Benefit to Work.

VA financing offers advantages that can help reduce some of the biggest barriers to buying a home while giving eligible borrowers greater flexibility.

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Keep More of Your Savings

$0 down options can allow eligible buyers to preserve cash for moving expenses, home improvements, emergencies, or other priorities.

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Skip Monthly PMI

Without a monthly private mortgage insurance requirement, more of your monthly housing budget can stay focused on your home.

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Financing With Flexibility

VA lending guidelines can provide eligible borrowers with additional flexibility compared with some conventional financing options.

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Guidance Along the Way

Work with a team that can help you understand the VA financing process from application through closing.

Ready to Put Your VA Benefit to Work?

Whether you're preparing to buy a home or exploring your refinance options, Cabrillo can help you understand the next step.

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Purchase Basics

A home purchase is a significant financial transaction Here's some information to guide you through the process:

  • Count on your Real Estate Agent to:
    • Select homes that meet your criteria.
    • Determine the difference between a good buy and an overpriced property.
    • Negotiate the best deal, especially with a pre-qualification letter from us.

 

  • Count on Yourself To:
    • Keep your Real Estate Agent informed.
    • Provide required documentation promptly.
    • Stay objective and make informed decisions.
    • Get pre-approved early to focus on home selection.

 

Mortgage Checklist

The following information is usually required during the loan process:

  • Pay stubs covering most recent thirty days
  • Copy of current government-issued ID (driver’s license, passport, etc)
  • W-2 statements covering the past two years
  • Bank statements covering the most recent two months (with all pages)
  • 401K, IRA, or Mutual Fund accounts showing most recent transaction summary
  • Stocks or certificates of deposit (copies)
  • Purchase and sales agreement (copy)
  • 12 months cancelled rent checks or the name and address of your current landlord (if applicable)
  • Fully executed divorce decree (if applicable)
  • Deed, hazard insurance policy, and most recent tax bill if you are refinancing (copies)
  • A letter explaining any known credit problems or fluctuations in income

If you are self-employed, paid by commission, or own real estate used for rental purposes you will need to produce:

  • Two years signed personal federal income tax returns including all schedules
  • If self-employed through a corporation, the last two years' corporate returns as well as a year-to-date profit and loss statement and balance sheet
  • If additional information or documentation is requested, please provide it immediately.

The following information is usually required during the loan process:

  • Two years of signed personal federal income tax returns, including all schedules
  • Most Recent 1099’s (if applicable)
  • Most Recent Pension or Social Security Awards Letter

 

How to get a Loan

Process and Approval

Qualification for a mortgage loan is based on the ability to make monthly payments (assuming the minimum down payment requirement and closing costs’ are covered).  Consideration is also given to your credit history, household income and the appraised market value of the home you are purchasing, or the refinancing of your existing mortgage. 

Determining What You Can Afford

With the many alternatives in today’s housing market, it is best to identify the price range appropriate to your financial situation.  For help determining how much you can afford, contact TruHome Solutions mortgage department at 844.884.9725.

Home Loan Information 

The Loan Process

The time period following the submission of an application can be an anxious one.  It may help you to know the many details that require attention and take what can seem like a long time.

After we receive a completed application package, we will have the property appraised, verify your employment, verify your deposits and order your title commitment..  Upon receipt of these items, your loan officer will review your loan.  If everything is in order, we can then prepare the loan for commitment. 

Once you accept the commitment and all the conditions have been met, a closing can be scheduled.  Prior to the closing, a survey and inspections of the property may be required.  The loan process usually takes 60 days from start to finish.

Apply for the loan

Fill out the quick and easy approval home loan application, or give us a call at 844.884.9725.

Apply for a Home Loan

 

Mortgage Terms

Glossary of Mortgage Lending Terms

Looking to learn more about home loans and mortgage terms? Visit our glossary of mortgage terms to dive into our comprehensive glossary.

*APR= Annual Percentage Rate. The rate provided is based on a loan amount of $500,000, owner-occupied, single-family, 1-unit dwelling, 80% LTV, and a FICO score of 740+. Qualifying rates may be based on a combination of your credit score, combined loan-to-value, amount financed, and other factors. Your actual rate may be higher than those shown based on information relating to those factors as determined after applying. Your final APR may vary based upon customary fees and closing costs, which are treatable as interest when calculating your final APR. Rates subject to change without notice. Adjustable Rate Mortgages are variable, and your Annual Percentage Rate (APR) may increase after the original fixed-rate period. 

Related FAQs

We offer a variety of options, including fixed-rate mortgages, adjustable-rate mortgages, refinance loans, cash-out loans, and first-time homebuyer programs. Each option is designed to fit your needs.

First-time homebuyers may qualify with as little as 3% down. For other buyers, minimum down payments typically start at 5%.

Yes, it’s best to get pre-qualified before you start shopping. This helps you understand your budget and allows you to make stronger offers with confidence.

You’ll need recent pay stubs, a government-issued ID, W-2s, bank statements, and other financial records. Our mortgage team will walk you through everything you need.

Your pre-approval is typically valid for 90 days. If it expires, you may need to resubmit updated information.

Most closings take about 30 days, but in some cases, we can close in as few as 10 days, depending on the seller and conditions.

If your down payment is below 20%, you may need mortgage insurance. Cabrillo partners with providers to offer competitive rates and will guide you through the process.

We’ll help you review your income, credit, debts, and goals to determine what fits your budget. You can also use our mortgage calculator to get an estimate.

Qualification is based on several factors, including your credit history, income, debt-to-income ratio, and the appraised value of the home, not just your credit score.

Yes, we offer programs with lower down payments, flexible terms, and additional support for first-time buyers.

Yes, whether you want to lower your rate, shorten your term, or use your home equity for larger expenses, we offer both refinance and cash-out options.

A fixed-rate mortgage keeps the same rate and payment for the life of the loan. An adjustable-rate mortgage (ARM) starts with a lower fixed rate for a set time, then adjusts with the market.

Your monthly payment typically covers principal, interest, taxes, and insurance. We’ll give you a clear breakdown when you apply.

Recognized as one of America's Best
Regional Banks and Credit Unions 2026

by Newsweek and Plant-A Insights Group

Article on how Cabrillo Credit Union was Named One of America's Best Regional Credit Unions 2025