Home Purchase

From low down payment options, to flexible loan programs and one-on-one support – we’ll get you home.

Competitive Rates

For fixed-or adjustable-rate loans

Advice and Guidance

From a Home Loan Consultant

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Open the door to homeownership

Buying a home is one of the biggest financial decisions you’ll make in your lifetime. We understand you’ll have questions and we’re here to provide answers.

Whether it’s your first home, a vacation property or an investment purchase, we’ll help you get there.

With low fees, flexible programs, and expert advice, we’ll work with you to help you find your place to call home.

Home sweet home loan benefits

Low rates, flexible options

Fixed-and adjustable-rate options and low down payment programs

Expert advice

Personalized advice and guidance at each step – find your Home Loan Consultant

Homebuyer resources

Search for properties, receive special discounts and more with Home Advantage

Fast and free pre-approvals

Make offers with confidence and learn more about getting pre-approved upfront

Secure your rate in advance

Lock in your rate while you make offers on homes¹

On-time closings

We consistently meet deadlines and close quickly

Purchase Fixed Rates*

Rates Effective 08/05/2024

Loan Program	Amount	Rate	APR²
30-Year Fixed	$50,000 to $766,550	6.375%	6.459%
30-Year Fixed (No Closing Costs, 3% Down)⁶	$50,000 to $766,550	6.875%	6.933%
20-Year Fixed	$50,000 to $766,550	5.750%	5.852%
15-Year Fixed	$50,000 to $766,550	5.625%	5.751%
10-Year Fixed	$50,000 to $766,550	5.500%	5.675%
30-Year Fixed High Balance	$766,551 to $1,149,825	6.875%	6.958%
15-Year Fixed High Balance	$766,551 to $1,149,825	6.875%	7.010%
15-Year Fixed Jumbo	$766,551 to $2,500,000	6.375%	6.488%
30-Year Fixed Jumbo	$766,551 to $2,500,000	6.500%	6.570%

*Speak to a Home Loan Consultant about FHA, VA and USDA rates.

Purchase Adjustable Rates

Rates Effective 08/05/2024

Loan Program	Amount	Rate	APR²
5/1 30-Year Adjustable³	$50,000 to $766,550	6.000%	6.682%
5/5 30-Year Adjustable⁴	$50,000 to $766,550	6.125%	6.129%
7/1 30-Year Adjustable³	$50,000 to $766,550	6.000%	6.563%
10/1 30-Year Adjustable³	$50,000 to $766,550	6.125%	6.502%
10/10 30-Year Adjustable⁵	$50,000 to $766,550	6.250%	6.417%
5/1 30-Year Adjustable Jumbo³	$766,551 to $2,500,000	6.000%	6.666%
5/5 30-Year Adjustable Jumbo⁴	$766,551 to $2,500,000	6.125%	6.114%
7/1 30-Year Adjustable Jumbo³	$766,551 to $2,500,000	6.000%	6.548%
10/1 30-Year Adjustable Jumbo³	$766,551 to $2,500,000	6.125%	6.487%
10/10 30-Year Adjustable Jumbo⁵	$766,551 to $2,500,000	6.250%	6.777%

Mortgage Calculator

How much home can I afford? (Below, “Monthly child support payments” refers to child support payments made as a monthly expense, not to income from child support.)

Calculations provided are for demonstration purposes only and do not guarantee credit approval for the rate and terms displayed.

Frequently Asked Questions

We’ll guide you through this step. We recommend having a preliminary conversation with one of our Home Loan Consultants first. They’ll ask you some questions about your goals, down payment basics, income and more to get an idea at what price point you may qualify for. To get an actual amount and estimate of your monthly payments and costs, you’ll want to apply and get pre-approved.

Your mortgage loan’s interest rate is affected by a variety of things, including your credit score, down payment, and the amount of your mortgage loan, among other factors. We encourage you to use our mortgage loan calculator to see your options or speak to a Home Loan Consultant for a more accurate quote.
It’s a common misconception that you need a 20% down payment to buy a home. In fact, you can get into a home with a down payment as low as 3% and no closing costs⁶. We offer several programs designed to help make homeownership more affordable.
Here’s an overview of the most common options and their benefits:
You should be aware that you must immediately pay off this type of debt if you sell your home, just like you must pay off your first mortgage (if you have one). Additionally, your home could be foreclosed if you don’t pay the loan. That’s because your home is the collateral (the guarantee) for the loan.

Down Payment Assistance Loan

Get up to $50,000 in assistance

Minimum $10,000 down payment from homeowner⁷

Available to first-time buyers (certain income restrictions apply)

Borrow up to $766,550

3% Down First-Time Buyer Loan

Low down payment helps preserve cash and save on closing costs

3% down with no closing costs⁶

Borrow up to $766,550

5% Down Loan

Allows you to purchase a home in higher price range, while still having a low down payment

5% down and borrow up to $1 million⁸

10% Down Piggyback Loan

Helps maximize your buying power by providing a 20% down payment

10% down + 10% down from 2nd mortgage (HELOC) obtained at closing

Borrow up to $2 million

A trusted partner through it all

Buying a home is an exciting milestone, but there’s a lot of information out there and it can feel overwhelming at times. Having a good partner on your side can make all the difference.

Our Home Loan Consultants are experts in their trade, and bring local expertise, guidance, and support throughout the entire process. They’ll answer all of your questions so you’re well-informed and ready to take the next step toward your new home.

Find a Consultant

Lock in your rate while you shop for a home

Rates can change daily but yours doesn’t have to. Once you’re pre-approved and actively making offers on homes, we’ll honor your rate for up to 30 days¹ – giving you time and peace of mind while you shop for the right home.

Learn More

Home Buying Basics

Learn more from our well-being resources.

¹ Lock and Shop program is available for first (1^st) mortgage Jumbo loan purchase transactions only. Must have a home loan application with Patelco to lock in a rate. Patelco will honor your rate up to 30 days from the date it is locked. Once a fully-executed purchase contract is received, the rate will prevail until loan funding.

² APR = Annual Percentage Rate. APRs are based on the following:

Conforming: Loan amount of $766,550 + closing costs
High Balance: Loan amount of $1,000,000 + closing costs
Jumbo: Loan amount of + closing costs
Mortgage rates shown are based on a 30-day lock for purchase transactions

Conforming rate shown at 60% loan-to-value (LTV), owner-occupied purchase with excellent credit and no subordinate financing. Your rate may be different than what is shown, there are pricing adjustments on certain scenarios. Please use the rate calculator on our mortgage application site to receive a better estimate for your scenario. 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. Loans are subject to credit and property approval. Other conditions and restrictions may apply. Hazard insurance may be required. NMLS ID Number is 506373.

High-Balance Mortgages allow for higher loan limits beyond the $766,550 conforming limit up to $1,000,000.00 for high-cost areas as determined by the Federal Finance Agency (FHFA). These higher limits are designed to make homeownership more affordable in areas with the highest home prices and are typically priced below jumbo mortgage loan.

³ The index is the weekly average of the 1-year US Treasury securities adjusted to constant maturity of one year, as made available by the Federal Reserve. The caps are 2% annually and 6% lifetime based on the initial rate. The current index is 4.80%. Your rate may be different than what is shown.

⁴ The index (for 5/5 product) is the weekly average of the 5-year US Treasury securities adjusted to constant maturity of five years, as made available by the Federal Reserve. The caps are 2% every adjustment and 5% lifetime based on the initial rate. The current index is 4.01%. Your rate may be different than what is shown.

⁵ The index (for 10/10 product) is the weekly average of the 10-year US Treasury securities adjusted to constant maturity of ten years, as made available by the Federal Reserve. The caps are 3% every adjustment and 6% lifetime based on the initial rate. The current index is 4.10%. Your rate may be different than what is shown.

⁶ Closing costs fees covered by Patelco include applicable title, escrow and recording cost fees and will appear on the Closing Disclosure. The appraisal and credit report fee will be paid up-front by the member and reimbursed at closing. Hazard Insurance, Taxes, HOA fees, Purchase Owner’s Policy, Transfer Tax and Mortgage Insurance (if applicable) are not covered by Patelco. Loans subject to credit and collateral approval. Loans over 80% LTV require mortgage insurance.

⁷ At least one borrower is a first-time home buyer (had no ownership interest in a property in the last three years). Applicable on the purchase of a single-family residence and 30-year fixed conforming loans with minimum 740 FICO. FHL Bank San Francisco Middle-Income Down Payment assistance program is not available in all counties. Terms and conditions are subject to change. Enrollment in the program is not a guarantee to the homebuyer of receipt of funds.

⁸ Eligible for conforming loan amounts and 95% loan-to-value (LTV) available on 15-and 30-year fixed jumbo mortgages only. Loans over 80% LTV require mortgage insurance.