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Home Loans

We offer a variety of home loans and resources to meet the needs of our members. Click below to learn more about our loan products, services and benefits.

Contact one of our dedicated mortgage representatives for assistance with your home loans and other mortgage products:

Home Mortgages

Purchase that dream home, refinance from other lenders to lower your payments, or draw cash out to use as you please. We offer competitive rates and low closing costs along with many other benefits.
  • No application fees.
  • No pre-payment penalties.
  • Financing up to 95% of home value.
  • Cash out up to 80% of home value.
  • Consolidate first and second mortgages and Home Equity Lines of Credit.
  • Offering fixed and adjustable rate mortgages (ARMs).
  • Portfolio Lender.
  • Documentation will be required.

Apply now

5/1 ARM (Adjustable Rate Mortgage)**

This adjustable rate mortgage is available at a remarkably low rate of 2.750% with a 2.914%APR*.

  • No closing costs
  • Rate fixed for the first 5 years
  • Financing up to 80% LTV
  • Offer good for a limited time and is valid on owner-occupied purchases
  • Other restrictions apply. See complete details.

Apply now

VA Loans

Specialized loans for a purchase, rate and term refinance, or a cash-out refinance. These loans are available to eligible members including who are retired military, discharged veterans, active duty military, or the un-remarried surviving spouse of a veteran.
  • Zero down payment purchases
  • 90% cash out refinances (Use a cash-out refinance for home improvements, school tuition, debt consolidation, vacations, or other purchases)
  • Acceptable Debt-to-income ratios higher than conventional loans
  • Fixed and ARMs available
  • No monthly mortgage insurance required
  • No prepayment penalty

Apply now

Home Loan Resources

See our rates and terms for all home loan rates here.
 
Apply Now | Contact Us | Call (858) 769-7010
 
 

*APR = Annual Percentage Rate

** 5/1 ARM Terms & Conditions
As of January 13, 2015, the start rate is 2.750% fixed for 5 years with an APR of 2.914% and will adjust annually thereafter by no more than 2 percentage points based on the 1-year Treasury Constant Maturity (TCM) index plus a margin of 2.75% with a lifetime maximum rate of 5% above the start rate. A sample principal and interest payment on a $500,000 5/1 ARM loan at 2.914% APR fixed for 5 years would be $2,041.21. This payment example does not include mortgage insurance or taxes; actual payment will be higher. This loan offer is only for owner-occupied homes and subject to credit approval and satisfactory appraisal. Financing up to 80% LTV. No application fee. North Island Credit Union will pay your non-recurring closing costs including but not limited to: lender’s title insurance, title services, appraisal, tax service, credit report, flood certification and recording fees up to an amount of $10,000 or the amount charged by the service providers, whichever is less. If you pay this loan off earlier than the 36-month anniversary date of the loan closing, you will be obligated to pay North Island Credit Union a prorated amount of the closing costs. This amount will be added to any loan payoff amount requested prior to the 36-month anniversary date. This does not include pre-paid interest, homeowner’s insurance, initial escrow deposit, owner’s title insurance, or city and/or county transfer tax. Other restrictions may apply. Offer good for a limited time only and is valid on owner-occupied purchases or refinances from another institution and does not apply to the refinance of an existing North Island Credit Union mortgage. Programs, rates, terms, and conditions are subject to change. Multiple fixed-rate loan options are also available.