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Home Loans

The Right Rates*

Home Loans

Mission Fed Home Loans

Buying or refinancing a home? Mission Fed has home loan specialists to help you through every step of your journey.

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Options to Help Finance Your Home

We understand how important it is to match you with the right home loan and mortgage options. That’s why we have made it a top priority to give each and every member personalized attention throughout the home buying journey.

Home Loan and mortgage options available for Mission Fed members:

  • Fast and easy online application
  • Competitive fixed and adjustable rate mortgages (ARMs)
  • Refinance and cash out loans
  • Low down payment loans
  • First-time homebuyer programs
  • Options available to best suit your budget and goals

Competitive Rates with Local, San Diego Service

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Loan Rate Points APR as low as
30 Year Fixed 6.750% 0.125% 6.916%
30 Year Fixed Jumbo 6.750% 2.125% 6.926%
5/5 ARM 5.500% 0.000% 5.724%
3/1 ARM 4.500% 0.000% 5.758%
Fixed Rate 2nd TD 15 Year 9.000% $750 9.312%
Fixed Rate 2nd TD 10 Year 9.000% $750 9.428%
Fixed Rate 2nd TD 30 Year due in 15 9.990% $705 10.208%

How to Apply for a Home Loan

Mission Fed makes applying for a Home Loan easy. You can apply online or at your local branch with the help of one of our knowledgeable team members.

Documents to have ready when you apply:

  • Paycheck stubs
  • W2s
  • Tax returns
  • Bank statements
  • Retirement statements (if applicable)

Our home loan specialists will walk you through the prequalification process to find the right loan for you. Make an appointment with a home loan expert to get the kind of personalized assistance we proudly offer.

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Mission Fed Home Loan Guide

Our Home Loan Guide includes everything you need to know about home loans in San Diego including:

  • Glossary of common terms
  • Information for first-time buyers
  • Mistakes to avoid
  • Loan programs
  • How to determine what you can afford
  • And more…
Get the Guide


How do home loans work?

At Mission Fed, our goal is to get you into the home of your dreams by helping you find the right mortgage for your needs with mortgage payments you can afford.

If you are a first-time homebuyer, we can provide helpful information, including programs that you can benefit from, mistakes to avoid, and items to consider when you begin your home buying journey.

A big part of the home buying process is determining how much you can afford. This may seem intimidating, but don’t worry — our home loan specialists are here to help. Your monthly expenses, down payment amount, and interest rate will all play a large part in figuring out how much you can comfortably spend each month on your mortgage with today’s mortgage rates. We will also provide a list of calculator resources in this guide that you can use to help determine your home buying power.

When should I apply for a home loan?

It’s a good idea to get preapproved and get a fully-underwritten approval before you start looking at homes. Many real estate agents require you to get preapproved before they’ll start showing you homes. Getting pre-approved will also give you a good idea of how much home you can afford. You can start the preapproval process as early as you want, but plan accordingly as the preapproval letter has an expiration date. Once you’ve selected a home you love, it’s time to begin the actual loan approval process — also called underwriting.

What do I need when applying for a home loan?

Gathering important documents before you apply for your Home Loan will help make the process quick and easy.

Here’s what you’ll need:

  • Paycheck stubs for at least the last 30 days
  • W2s for the last two years
  • Tax returns for the past two years for self-employed borrowers
  • Bank statements for the last two months
  • Retirement or dividend earnings statements
  • Information about stocks or bonds
  • Proof of 12 months on-time rent payments for renters
  • Employment history for the last two years
  • Photo ID

Why choose Mission Fed for your home loan?

We’ve been located in San Diego since opening our doors in 1961 and our Home Loans are customized for the needs of our San Diego County members. We are familiar with the neighborhoods and understand the local housing market so we can help you select the right home loan and ensure you get great rates. Our home loan experts will work closely with you to make sure your loan offers a down payment and monthly payment that works with your budget. We give every member the personalized service you deserve because we believe you are an important part of our community and we want you to be able to finance a home that supports your goals and your lifestyle.

About home equity loans and home equity lines of credit (HELOCs)

Home equity loans and HELOCs give you access to funds for virtually any project: remodeling, upgrading for energy-efficiency, debt consolidation or even tuition. Find out more about our Home Equity Loans and Home Equity Lines of Credit (HELOC).

Are you also selling a home? Attend our next Home-Selling Webinar 

Selling your home can be stressful, especially in today’s fast-paced market. Attend our free Home-Selling Webinar to set you up for success. Get tips and insights from Mission Fed Real Estate Loan experts and local industry professionals. Register for a workshop or email us at [email protected] for more information.

Loan options for multi-family properties and commercial real estate

Mission Fed also offers loans for the purchase or refinance of multi-family and commercial real estate properties located in most of Southern California. To learn more, visit our Commercial Real Estate page.

Buy or sell a home and save money with HomeAdvantage®

Mission Fed has partnered with HomeAdvantage to make buying or selling a home easy for you. You’ll be excited to learn you can earn cash rewards equal to 20% of your network agent’s commission. There are other benefits as well, including looking for your home online from the convenience of your sofa, and working with a preferred Real Estate agent from our local network. Get more details and see the numerous ways you can save time and money with HomeAdvantage and a Mission Fed home loan.

Protect your home with LiveSmart Insurance

Whether you’re purchasing or refinancing your home, homeowners insurance is one of the most important steps you can take to protect your financial future. Help protect your largest asset with LiveSmart Insurance Services for your home, condo or manufactured home.


Must meet membership and account criteria. All loans subject to credit approval. Rates, terms and conditions subject to change without notice. Flood, hazard and other insurance requirements may apply. Restrictions apply. HomeAdvantage is a registered trademark of HomeAdvantage LLC.

*Rates and APRs are for illustrative purposes only.  Subject to change without notice.  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.

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.

Insurance products are offered by LiveSmart Insurance Services, LLC (California insurance agent license number 0L79819) a subsidiary of Mission Federal Services, LLC. Mission Federal Services, LLC is a wholly owned affiliate of Mission Federal Credit Union. Insurance Products are not insured by NCUA or any Federal Government Agency; are not a deposit of, or guaranteed by the Credit Union or any Credit Union Affiliate; and may lose value. Any insurance required as a condition of the extension of credit by Mission Federal Credit Union need not be purchased from our Agency but may, without affecting the approval of the application for an extension of credit, be purchased from an agent or insurance company of the customer’s choice.