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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 three types of first mortgages:

  • Fixed-rate
  • Adjustable-rate
  • Short-term, low-rate

Schools Financial also offers FHA, VA and jumbo loans.


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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.


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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.