Caltech Employees Federal Credit Union

Real Estate Loans

Buying?  Building?  Improving?  CEFCU offers a full range of COMPETITIVE and EXCLUSIVE products to meet your needs!

• 15-Year Fixed Rate Mortgage – Exclusively designed for members who are looking for fixed monthly payments with no interest rate change and a rate lock even lower than 30-year fixed programs.
• 5-Year Re-price – One of a kind program for members who want added payment stability and lower monthly expense.  This program stays fixed for 5 years with no negative amortization.  Also, you are protected by a 2% cap every 5 years and a 5% lifetime cap.  So, you can afford more home from the outset, with the assurance that your payments will remain affordable.
• 7/1 ARM (Adjustable Rate Mortgage) – With two phases, this unique program keeps the interest rate and monthly payments fixed during the initial 7 years.  Thereafter, the interest rate becomes adjustable, with the interest rate and payment changing annually.  The rate will not increase or decrease by more than 2% and you’ll be protected by a 5% lifetime cap.
• Home Equity Lines of Credit - CEFCU offers two credit lines featuring the no points, fee-free advantage you’ve come to expect from CEFCU.  Choose from our Traditional or 10-Year Interest Only programs offered exclusively for our extended Caltech family.

  Note: Rates, terms and conditions are subject to change. Maximum Annual Percentage Rate (APR) on 10-Year Interest Only Lines is 18% and 14% on Traditional Lines. All loans subject to credit approval. Special circumstance loans may take longer than 30 days to fund. See disclosures for complete terms and conditions. Caltech Employees Federal Credit Union is an Equal Housing Lender and Equal Opportunity Lender.