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Home Loans & Mortgages

The Right Mortgage with Mission Fed

Whether you are buying your first home or refinancing the home you are in, Mission Fed has home loan options for your unique needs. 

Reasons to finance or refinance your mortgage with Mission Fed:

  • Competitive fixed and adjustable-rate mortgages (ARM) 
  • Rate locks available up to 90 days
  • No points and low down-payment options
  • No closing cost options1
  • No pre-payment penalties
  • Fast and easy online application
  • Local, San Diego service for the life of most loans

Finance Your Mortgage with Mission Fed

When you’re shopping for a home in San Diego, you’ve got to be able to make decisions fast.  It’s a lot of pressure. One thing that takes the pressure off, is talking to Mission Fed early about your home loan. We can help you get pre-approved before you shop, so you have the best chance of getting the home you want.

Competitive Rates with Local, San Diego Service

Learn More
Loan Rate Points APR as low as
30 Year Fixed 6.875% 0.250% 7.054%
30 Year Fixed Jumbo 7.375% 0.125% 7.428%
5/5 ARM 5.875% 0.000% 6.174%
3/1 ARM 5.875% 0.000% 6.296%
Fixed Rate 2nd TD 10 Year 9.000% $750 9.428%
Fixed Rate 2nd TD 15 Year 9.000% $750 9.312%
Fixed Rate 2nd TD 30 Year due in 15 9.990% $750 10.208%

All rates and APRs are for illustrative purposes only. Subject to change without notice. Advertised as low as APRs are based on assumptions. Not all applicants will qualify for the lowest rate/APR. Actual rate will vary depending on your creditworthiness, loan amount, LTV, and other factors specific to your transaction. Other rates and terms may be available.

Mortgage:
For current rates and payment examples, please refer to our Daily Mortgage Rates page. Monthly payments do not include property taxes or insurance, your payment will be higher. APRs assume the purchase of a single family, primary residence in California, a credit score of at least 740, and a combined LTV of 60% or less. For borrowers with less than a 20% down payment, mortgage insurance is required. Maximum loan amounts range from $647,200 to $3,000,000, depending on loan program.

30 Year Fixed (Conforming/Jumbo): Fixed monthly principal and interest payments for life of the loan.

5/5 Adjustable-Rate Mortgage (ARM): Variable rate loan, interest and payments may increase after consummation. For the first 5 years, rate is fixed. After that, rate will adjust according to the current index plus a margin of 2% every 5 years for the life of the loan.

5/1 Adjustable-Rate Mortgage (ARM): Variable rate loan, interest and payments may increase after consummation. For the first 5 years, rate is fixed. After that, rate will adjust according to the current index plus a margin of 2% every 1 year for the life of the loan.

3/1 Adjustable-Rate Mortgage (ARM): Variable rate loan, interest and payments may increase after consummation. For the first 3 years, rate is fixed. After that, rate will annually adjust according to the current index plus a margin of 2% for the life of the loan.

Fixed Rate 2 nd TD 10 Year/ 15 Year: Fixed monthly principal and interest payments for life of the loan.

Home Equity Loans/Lines of Credit:
APRs assume a minimum credit score of at least 720, and a combined LTV (CLTV) of less than 90% for a home equity loan and a combined LTV of less than 70% for a HELOC.

Introductory HELOC: 25-year term (10 year draw, 15 year repayment). Fixed intro rate for the first 12 months. After that, rate is variable and may adjust monthly after account opening. Maximum credit line of $300,000. Floor rate is 3.99%. Maximum APR is 18.00%.

Interest Only HELOC: Variable rate product, interest and payments may increase after consummation. Interest only payments for first 10 years, fully amortized principal and interest payments for the remaining term. Maximum credit line of $300,000. Floor rate is 3.99%. Maximum APR is 18.00%.

Mortgage Calculator

Mortgage Pay-Off Calculator

Want to learn more?
Make an appointment to speak with a Home Loan representative at your nearest Mission Fed branch.

Make an Appointment

Refinance Your Mortgage with Mission Fed

Did you know you can lower your payment and save money on interest by refinancing your mortgage? At Mission Fed, we understand how important it is for our members to have a home loan payment that reflects their current priorities and plans for their home. We provide a variety of competitive refinancing options so that we can offer each member the right refinancing for their home loan.

Home Refinance Calculator

Disclosures

Must meet membership and account criteria.  All loans and loan programs are subject to approval. Mortgage rates and terms will vary based on collateral and credit. Programs, rates, terms, conditions, and services are subject to change without notice.

*Rates and APRs are for illustrative purposes only.  For current rates and payment examples, please refer to our Daily Mortgage Rates page. Monthly payments do not include property taxes or insurance, your payment will be higher.

Advertised as low as APRs assume the purchase of a single family, primary residence in California, a credit score of at least 740, and a combined LTV of 60% or less. Not all applicants will qualify for the lowest rate.  Actual rate will vary depending on your creditworthiness, loan amount, LTV, and other factors specific to your transaction. For borrowers with less than a 20% down payment, mortgage insurance is required.  Maximum loan amounts range from $647,200 to $3,000,000, depending on loan program.  Other rates and terms may be available.

30 Year Fixed (Conforming/Jumbo): Fixed monthly principal and interest payments for life of the loan.

5/5 Adjustable-Rate Mortgage (ARM):  Variable rate loan, interest and payments may increase after consummation. For the first 5 years, rate is fixed. After that, rate will adjust according to the current index plus a margin of 2% every 5 years for the life of the loan.

5/1 Adjustable-Rate Mortgage (ARM): Variable rate loan, interest and payments may increase after consummation. For the first 5 years, rate is fixed. After that, rate will adjust according to the current index plus a margin of 2% every 1 year for the life of the loan.

3/1 Adjustable-Rate Mortgage (ARM): Variable rate loan, interest and payments may increase after consummation. For the first 3 years, rate is fixed. After that, rate will annually adjust according to the current index plus a margin of 2% for the life of the loan.

Fixed Rate 2nd TD 10 Year/ 15 Year: Fixed monthly principal and interest payments for life of the loan.

1 Mission Fed will pay non-recurring closing costs on select loans, including, but not limited to: lender’s title insurance, title services, appraisal, tax service, credit report, flood certification and recording fees. You are responsible for prepaid interest, homeowner’s insurance, initial escrow deposit, owner’s title insurance, or city and/or county transfer tax. Additional restrictions may apply.