NOTICE

IN RESPONSE TO THE COVID-19 PANDEMIC THE CREDIT UNION CONTINUES TO WORK WITH MEMBERS VIA PHONE, FAX AND E-MAIL.  MEMBERS ARE UNABLE TO ENTER THE CREDIT UNION BRANCH UNTIL FURTHER NOTICE.

BORROWERS WHO HAVE SUFFERED A SUBSTATIAL DROP IN INCOME AS A DIRECT RESULT OF THE COVID-19 PANDEMIC MAY BE ELEGIBLE FOR A 90-DAY LOAN PAYMENT FORBEARANCE.

San Joaquin Power Employees Credit Union

PG&E credit union since 1934

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Home Loan Policy

All loans are 0/5 Adjustable Rate Mortgages.

Any signer on a real estate loan must be eligible for membership in this credit union.

APR = Annual Percentage Rate
CLTV = Cumulative Loan To Value

INFORMATION SUBJECT TO CHANGE

First Mortgage Owner Occupied
Max. Loaned* Max. Term APR % Max. CLTV%
$510,400 15 Year 3.00% 80%
$510,400 30 Year 3.00% 80%

* The Maximum Loan amount is $484,350 for “most counties.”

First Mortgage Non-Owner Occupied
Max. Loaned* Max. Term APR % Max. CLTV%
$510,400 15 Year 3.00% 70%
$510,400 30 Year 3.00% 70%

* The Maximum Loan amount is $484,350 for “most counties.”

Home Equity Loan-Owner Occupied
Max. Loaned Max. Term APR % Max. CLTV%
$100,000 10 Year 4.00% 80%
$100,000 20 Year 4.00% 80%

 

Solar Home Equity Loan-Owner Occupied
Max. Loaned Max. Term APR % Max. CLTV%
$50,000 10 Year 4.00% 85%
$50,000 20 Year 4.00% 85%

 

Home Equity Loan Non-Owner Occupied
Max. Loaned Max. Term APR % Max. CLTV%
$100,000 10 Year 4.72% 70%
$100,000 20 Year 5.72% 70%

 

Unimproved Property Loan
Max. Loaned Max. Term APR % Max. CLTV%
$50,000 10 Year 5.72% 60%
$50,000 20 Year 6.72% 60%