10-, 15-, 20-, and 30-Year Terms
Features
- Up to 90% Loan-to-Value1 financing
- Conforming loan amounts2
- Jumbo loan amounts up to $1,500,000
- 10-,15-, 20-, and 30-year terms
- Lower rates if points are purchased
- Cash-out options available
With a fixed rate mortgage, the interest rate remains the same for the life of the loan, a good choice for those planning to stay in a home for an extended period and for those who prefer a consistent payment amount. The variety of loan terms—from 10 to 30 years—offer flexibility to tailor the loan program to your individual needs.
Consider A Fixed Rate Loan If You:
- Plan on staying in your home for many years
- Want to lock in an interest rate for the life of the loan
- Prefer an unchanging, lower monthly payment
- Want to take advantage of larger mortgage tax deductions early in the loan
Consider An Adjustable Rate Loan If You:
- Plan on moving or changing homes in a few years
- Want a lower initial interest rate
- Prefer lower monthly payments
- Want to qualify for a larger mortgage amount
Apply online or request a Mortgage Packet today, or call our Loan Services Center at 310-381-2300 or 877-254-9328, option 3.
1 With a 10% down payment, a $350,000 loan with a 6.75% interest rate (6.81% Annual Percentage Rate) (effective as of July 25, 2008) would have 360 monthly payments of $2270.09. Private Mortgage Insurance (PMI) required if Loan to Value is greater than 80%.
2 $417,000 for single-family unit, $533,850 for two-family unit, $645,300 for three-family unit, $801,950 for four-family unit.
Mortgage Discount Package
Many Western members want both a home loan and a line of credit or home equity loan. With our Mortgage Discount Package1, you can enjoy the best of both loans-and save money!
To be eligible, simply combine any Western first mortgage with a Home Equity Line of Credit or Home Equity Loan, and you'll receive these special savings:
- 1/8% off your fixed rate or adjustable rate mortgage
- Western pays up to $700 closing costs on your Home Equity Line of Credit or Home Equity Loan2.
Apply online or request a Mortgage Packet today, or call our Loan Services Center at 310-381-2300 or 877-254-9328, option 3
1 This product is not available as a refinancing option.
2 Closing costs range from $700 to $2750 depending upon state. Estimate of costs will be provided if your request is approved. Credit towards closing costs not applicable on refinance of Western loans. If you close the loan within two years of funding/origination, you will repay Western $500 of the $700 credit towards closing costs.
Note: Properties must be "Owner Occupied" and manufactured or mobile homes are not eligible for financing.
