Mortgage Loan Rates

Our goal is to keep Southern California home ownership within your reach.

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Affordable home loan rates mean easier monthly payments.

Compare mortgage loan types to see which one fits you best.

At Ventura County Credit Union, we offer a wide variety of mortgage options, including fixed-rate, adjustable-rate and Jumbo loans.

Interest rates and repayment terms vary depending on the loan type. Our experienced Home Loan Specialists can explain the differences and help you make the best choice in your next fixed rate loan, adjustable rate mortgage (ARM) loan and Veterans Affairs (VA) loan. 
Effective December 22, 2022
Description Points Rate (as low as) APR (as low as) Est. Payments Per $1,000*
30 Year Conforming HomeReady (First Time Buyer) 0.00% 6.250% 6.328% $6.16
30 Year Conforming 0.00% 6.250% 6.328% $6.16
30 Year High Balance 0.00% 6.500% 6.599% $6.32
30 Year Non-Conforming 0.00% 6.000% 6.084% $6.00
15 Year Conforming 0.00% 5.625% 5.805% $8.24
15 Year High Balance 0.00% 5.875% 6.028% $8.37
30 Year Non-Conforming 0.00% 6.000% 6.084% $6.00
Effective December 22, 2022
Description Points Rate (as low as) APR (as low as) Est. Payments Per $1,000*
5/6 ARM 2/1/5 Conforming 30 day avg. SOFR*(1) 0.000% 5.000% 5.540% $5.37
5/6 ARM 2/1/5 High Balance Loan 30 day avg. SOFR*(1) 0.000% 5.000% 5.523% $5.37
5/6 ARM 2/1/5 Jumbo 30 day avg. SOFR*(1) 0.000% 5.000% 5.516% $5.37
5/5 ARM 2/2/5 Conforming 5 YR Treasury CMT*(2) 0.000% 4.750% 5.826% $5.22
5/5 ARM 2/2/5 High Balance 5 YR Treasury CMT*(2) 0.000% 4.750% 5.809% $5.22
5/5 ARM 2/2/5 Jumbo 5 YR Treasury CMT*(2) 0.000% 4.750% 5.802% $5.22
7/6 ARM 5/1/5 Conforming 30 day avg. SOFR*(3) 0.000% 5.125% 5.515% $5.44
7/6 ARM 5/1/5 High Balance 30 day avg. SOFR(3) 0.000% 5.125% 5.497% $5.44
7/6 ARM 5/1/5 Jumbo 30 day avg. SOFR*(3) 0.000% 5.125% 5.490% $5.44
(1) Rate is variable and can increase no more than 2 percentage points at the first adjustment after 5 years and 2 percentage points annually after the first adjustment, with a lifetime maximum adjustment of 5%.
(2) Rate is variable and can increase no more than 2 percentage points every 5 years with a lifetime maximum adjustment of 5%.
(3) Rate is variable and can increase no more than 2 percentage points at the first adjustment after 7 years and 2 percentage points annually after the first adjustment, with a lifetime maximum adjustment of 5%. Since the index in the future is unknown, the First estimated payments per $1,000 displayed are based on the starting interest rate as of the date above. At applicant's option VCCU will pay loan origination and third-party fees, with some exceptions. The interest rate will be increase by .25%. Contact VCCU home loan specialist for details.
Effective December 22, 2022
Description Points Rate (as low as) APR (as low as) Est. Payments Per $1,000*
15 Year Fixed VA 0.500% 6.125% 6.432% $6.67
30 Year Fixed Conforming VA 0.500% 6.875% 7.068% $6.57
Effective December 22, 2022
Description Points Rate (as low as) APR (as low as) Est. Payments Per $1,000*
20 Year Conforming 0.00% 5.875% 5.976% $7.09
10 Year Conforming 0.00% 5.750% 5.930% $10.98
Conventional Conforming Loan Programs (Ventura County) Loans up to $726,200. Annual Percentage Rate (APR) based on a loan amount of $726,200 for the stated term for an owner-occupied single-family property with a Loan -to-Value (LTV) of 80%. HomeReady from FNMA is based on a Loan-To-Value (LTV) of 97%, requires Mortgage insurance and an impound account.

Conventional High Balance Loans (Ventura County) Loans between $726,201 and $948,750 Ventura County. Annual Percentage Rate (APR) based on a loan amount of $948,750 for the stated term for an owner-occupied single-family property with a Loan-to-Value (LTV) of 80%.

Conventional Non-Conforming Loans (Ventura County) Loans at $948,751 up to $1,500,000. Annual Percentage Rate (APR) based on a loan amount of $948,751 for the stated term for an owner-occupied single-family property with a Loan-to-Value (LTV) of 80%. Loan Balances between $948,751 up to $1.5 million qualify for the 30-year nonconforming loan program.

Home Equity Loans

Effective December 22, 2022
Description Rate (as low as) APR (as low as) Est. Payments Per $1,000*
15 Year Fixed 2nd TD 9.000% 9.000% $10.14
10 Year Fixed 2nd TD 9.000% 9.000% $12.67
20 Year Fixed 2nd TD 9.000% 9.000% $9.00

Adjustable Rate (Owner Occupied Property)

Effective December 22, 2022
Description Rate (as low as) APR (as low as) Index Prime + Est. Payments Per $1,000*
12 Month Intro Rate HELOC 3.490% 3.490% 7.500% $5.00
Standard HELOC 70.01% up to 75% CLTV 8.000% 8.000% 0.500% $7.72
Standard HELOC 70% CLTV or less 7.500% 7.500% 0.000% $7.39
(APR) Annual Percentage Rate. *The Introductory Discounted 3.49% APR (Intro Rate) is fixed for the first 12 months (365 days) after which the rate converts to the then current Prime Rate plus your Margin and is variable and subject to change monthly. 

The HELOC has a 10 year draw period and then becomes due and payable over a (15) year repayment period. Payments are interest only during the draw period. The rate is variable and is subject to change monthly. Variable rate based on Prime Rate Index as published in the Wall Street Journal. This is a Variable Rate loan with an interest rate floor equal to the fully indexed note rate and a maximum life interest rate cap of 18%. Early repayment fees may apply. Valid for standard Home Equity Line of Credit only; Minimum loan amount is $10,000. Lifetime maximum of 18% APR. Certain restrictions apply.

Rates for these products are determined by the applicant's credit, payment history, income and collateral and subject to change without notice. Loans are subject to credit approval and secured by lien on residential property. You may borrow up to 75% of the appraised value for owner occupied property. Maximum cash out for owner occupied property is $250,000. Offer does not include refinances of existing VCCU loans.

VCCU is a full-service, Southern California credit union with branches in Ventura, Port Hueneme, Oxnard, RiverPark, Camarillo, Thousand Oaks, Simi Valley and Moorpark. If you live, work or attend school in Ventura or Santa Barbara Counties, you are eligible to join

 

 

I wanted to get a loan and have low monthly payments. VCCU was able to deliver and I enjoyed the staff. Very welcoming!

Jesse M., Camarillo Branch


*Taxes and insurance premiums are not included in the payment and your actual payment obligation will be greater.

(APR) Annual Percentage Rate. All rates are subject to change without notice. Rates are not guaranteed until locked. Rates for these products are determined by the applicant's credit history, payment history, income, loan-to-value (LTV), occupancy, property type, loan amount and loan purpose. Loans are subject to credit approval and secured by a lien on owner-occupied homes. Depending on your situation, mortgage insurance may be needed which could increase the monthly payment and APR. Loan programs are subject to change or may be discontinued without notice. Other restrictions may apply.