Skip to content

What do you want to do?





Purchase



Key Ring





First Mortgages


When you borrow money to purchase a home, that loan is known as a first mortgage - or mortgage, for short. Saving for a down payment to put toward the purchase of your home is the first place to start. Next finding the right mortgage. We offer two types of first mortgages:

  • Fixed-rate
  • Adjustable-rate

Schools Financial also offers jumbo loans.

Refinance

Table with model house

Mortgage Refinance

If you want to refinance your current mortgage loan(s), our low-rate home loans could lower your monthly payment, help you build equity in your home faster and reduce the amount you pay in interest, month after month, and year after year. That can add up to thousands of dollars saved over the course of your loan.

Call us or visit a branch to learn more and get started today.

Equity

tape measure and other materials

Home Equity and Home Equity Line of Credit (HELOC)

A home equity loan allows you to access the equity in your home at a low, fixed rate. Unlike a HELOC, a home equity loan is made for a specific amount and you receive the funds as a lump sum when the loan is finalized.

A Schools Financial HELOC allows you to draw funds as needed (up to a predetermined limit) using the equity in your home as collateral. You'll pay less in interest with Schools Financial's low loan rates.

To qualify for a home loan with us you must meet one of the following criteria:

  1. Already be a Member with us.
  2. Meet one of the eligibility requirements for Membership.
    1. Be a school employee at an eligible school in California (Teachers, Administrators, Classified Staff, District Employees, Department of Education Employees, and Government-Sponsored Education Program Employees).
    2. Retiree receiving a pension or annuity from an eligible school.
    3. An immediate family member of an existing Schools Financial Member.

If you are unsure if you meet one of the criteria above and would like to speak to a representative please call our Member Contact Center at 916-569-5473.

If you meet one of the eligibility criteria above, please press continue to apply.

To qualify for a home loan with us you must be eligible for Membership. Please select an option below to continue.

  • Choose an item.

If you are unsure if you meet one of the criteria above and would like to speak to a representative please call our Member Contact Center at 916-569-5473.

Please press exit to be taken back to our Mortgage Homepage.