Mortgages

First-Time Buyers

We’re with you every step of the way

Buying a home is one of the most rewarding investments you’ll ever make.  And the process doesn’t have to be overwhelming. We can help you get a leg up on the competition by first getting you prequalified. Prequalification will let you know what you can afford and let sellers know you are a serious buyer!

At Stanford FCU, our member-owners receive more caring service, every step of the way — from prequalification to loan funding and closing.

Please speak with a Mortgage Consultant for details on all of our loan products.

Purchase LoanInterest RateAPRPointsMonthly PaymentsLoan Term [Months]
30 Year Fixed Jumbo3.750%3.802%0.25$3,612360
15 Year Fixed Jumbo3.125%3.180%0$5,434180
30/15 Year Fixed Balloon Jumbo3.500%3.538%0$3,503180
5/1 ARM Jumbo2.875%3.949%0$3,236360
7/1 ARM Jumbo3.125%3.883%0$3,341360
10/1 ARM Jumbo3.250%3.763%0$3,395360
30 Year Fixed Conforming3.500%3.542%-0.125$2,155360
15 Year Fixed Conforming3.000%3.074%0$3,315180
30/15 Year Fixed Balloon Conforming3.250%3.302%0$2,089180
5/1 ARM Conforming2.750%3.759%0$1,960360
7/1 ARM Conforming3.000%3.706%0$2,024360
10/1 ARM Conforming3.125%3.603%0$2,056360

Disclosures

Note: Conforming loan amounts in most locations is $484,350. All loan amounts higher than Conforming are considered Jumbo loans.

Features

Understanding Home Loans

Learn the ins and outs of mortgage loans, whether you’re a first-time homebuyer or considering a refinance.

Explore

We have programs to meet every first time home-buyer’s needs with little out of pocket expenses and terms to make your loan payments affordable.

  • Fixed Rate Home Loans (fixed-rate loans are available in all states, with limitations on maximum loan amounts)
  • Adjustable Rate Home Loans (ARM)
  • Jumbo Home Loans
  • Other Home Loan Options to meet your needs
  • Competitive rates
  • Low down payment requirements
  • Low fees (no junk fees)
  • Flexible terms
  • Knowledgeable Mortgage Consultants
  • Local processing – right here in Palo Alto
  • Finance Home Loans outside California
  • Membership Rewards Benefits
  • Ask your Mortgage Consultant for a personalized Total Cost Analysis to compare different products, down payment amounts, and purchase vs. renting:

total cost analysis on phone

Disclosures

Rates effective 6/18/2019. The examples shown here are based on an owner-occupied single-family detached house located in the state of California. The actual interest rates and APRs available to you may vary based on your credit score, LTV ratio and other factors, and may be higher than those displayed here. Rates, closing costs and points may vary by property location, loan type and borrower credit and income. All loans and terms are subject to credit approval. Rates are subject to change without notice. Some restrictions may apply. Please call for rate information about mortgage products with terms other than those shown. Fixed Rate Loan payment examples: Jumbo monthly payments are based on a purchase price of $1,300,000, 40% down payment, FICO® score of 750 or greater and loan amount of $780,000. Conforming monthly payments are based on a purchase price of $800,000, 40% down payment, FICO® score of 750 or greater and loan amount of $480,000. Monthly payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. The 30/15 Year loans are amortized like a 30-year mortgage with a fixed rate, but at the end of 15 years the remaining balance (aka the balloon) must be paid in full.

Adjustable Rate Mortgage (ARM) Loan payment examples: ARM loans have a 30-year term with an initial fixed-rate period which may be 3, 5, 7 or 10 years. After the initial fixed-rate period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. The APR is subsequently variable, based on the LIBOR Index as published in The Wall Street Journal Money Rates Table (“Index”), and subject to increase during the loan term. Example: The monthly payments for the initial fixed-rate period for Jumbo ARM loans are based on a purchase price of $1,300,000, 40% down payment, FICO® score of 750 or greater and loan amount of $780,000. The monthly payments for the initial fixed-rate period for Conforming ARM loans are based on a purchase price of $800,000, 40% down payment, FICO® score of 750 or greater and loan amount of $480,000. Monthly payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher.

All members are required to have a $5 membership share balance in any of the following accounts: Checking Account, Savings Account, Money Market Account, Share Certificate or Individual Retirement Account.

Home Mortgage Disclosure Act (HMDA) Notice

The HMDA data about our residential mortgage lending are available online for review The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. Click here to view.
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