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Home Loan Options

Researching home loans can be overwhelming – how do you know what option is best suited for your needs? That’s where scheduling time to talk with a SAFE Mortgage Officer fits in. To help you prepare for that discussion, below is a high-level overview of the key benefits of both fixed- and adjustable-rate mortgages and the home loan options SAFE offers.

Fixed-Rate Mortgages offer:

 

  • Same dependable payment (principal + interest payment) for the life of the loan, making it easy to budget today and in the future
  • This option is best if you see yourself living in your home for many years to come and want to budget around a consistent payment amount

Adjustable Rate Mortgages offer:

 

  • Initial interest rate is typically lower than a rate offered with a fixed-rate mortgage, which could result in significant initial savings
  • This option is best if you want to keep your initial payments low to accommodate other expenses or plan to pay off the loan – or refinance – within the next five to seven years

Explore home loan options:

Conventional home loans are fixed-rate mortgages that are not insured or guaranteed by the federal government. The benefit to having a conventional home loan is that your rate and monthly payment may be lower than other guaranteed mortgages.

This is an excellent product for buyers who have saved for a large down payment and have top-tier credit scores. If you meet this criteria, SAFE can help you take advantage of:

  • Historically low rates
  • Fast processing

Rates and Disclosures


Jumbo Home Loans exceed California’s conforming loan limits of $424,100 for a single-family home. These loans have a down payment as low as 10%, do not require private mortgage insurance (PMI), and are offered with a fixed or adjustable rate. A SAFE Mortgage Officer can help you decide which option is best for you, including the:

  • 5/1 ARM Jumbo
  • 7/1 ARM Jumbo
  • 15-year Fixed Jumbo*
  • 30-year Fixed Jumbo*

Rates and Disclosures


Make the move into a single-family home more affordable with a low down payment and take advantage of:

  • Low, fixed rate
  • Down payment of only 3%
  • Funds for down payment can come from a wide range of sources
  • Flexible qualifying designed to help first-time buyers

Terms and conditions subject to change. Income restrictions and additional conditions apply


A Federal Housing Administration (FHA) loan is backed by the strength of the federal government. This loan requires a lower down payment, has fewer upfront loan costs, and is typically easier to qualify for than a conventional home loan, making them excellent for first-time homebuyers.

Make the move sooner with a flexible FHA Home Loan that offers:

  • Budget-friendly financing and the security of a low, fixed rate
  • A down payment as low as 3.5%
  • Monthly payments that may be less than your current lease

Terms and conditions subject to change. Income restrictions and additional conditions apply


Shave off years of payments and thousands of dollars with a SAFE 10-year* fixed-rate home loan! You can either purchase or refinance with a Ten & Done Home Loan to take advantage of:

  • Lowest available fixed-rate option offered by SAFE
  • Finance up to 95% of the home’s value
  • Being mortgage-free sooner, which helps ensure peace of mind in retirement

Rates and Disclosures


"80-10-10" actually describes the structure of the loan – or rather two loans – that are opened simultaneously. This loan structure can help you save money and avoid costly private mortgage insurance by combining a 1st mortgage with an equity loan.

  • The 1st mortgage loan is for 80% of the purchase price
  • The 2nd mortgage covers an additional 10% of the price
  • The remaining 10% is a down payment from your own funds

Terms and conditions subject to change. Income restrictions and additional conditions apply


  • Up to 85% financing*
  • No private mortgage insurance required

Rates and Disclosures


Today's Mortgage Rates

Loan Type

Rate

Points

APR*

30-Year Fixed
15-Year Fixed
7/1 ARM

*APR effective

HomeAdvantage®

SAFE is proud to provide HomeAdvantage, an exclusive member service that simplifies the process of buying or selling a home by connecting you to a network of experienced and trusted real estate agents. Best of all, the service is absolutely free to use.

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