That ocean view and mountain vista you’ve always
dreamed of is within reach. We offer competitive
rates on loans for second homes and vacation
home.
Let us help you decide which program is right for you,
so you can feel comfortable about the second home of
vacation home financing process.
- 30 year fixed, 15 year fixed and ARMs
- Loan amounts up to $417,000
- Refinancing available
- Competitive rates
- Property must be owner occupied*
- Condominiums with 70% minimum owner occupancy
- Enjoy certain tax advantages**
- Quick approval process
- Sensational Service
General Guidelines
- Loans can be for a single family residence
investment property
- Loans can be for a one to four family investment
property
- Borrowers must be individuals (No businesses or
corporations)
- Term is 30 years for ATM programs
- Maximum loan to value (LTV) = 80% for a
purchase
- Maximum loan to value (LTV) = 75% for cash out
*Must be used as an owner occupied second and/or
vacation home.
**Contact your tax advisor regarding the possible
tax deductibility of interest payments.
Deductibility depends on the member’s individual
circumstances. Sonoma Federal Credit Union does not
make any promises or guarantees as to the tax
deductibility of your loans.
So what are you waiting for? There’s never been a
better time to get a home loan. Apply with us
today!
Contact
our Mortgage Center for rates, fees &
terms,
at 707-527-6216 or email:
loancenter@sonomafed.com.
APPLY
for your home loan now. |
