That ‘new home happy’ feeling is extra sweet when you know you saved money. Check out three ways we help you get into your new home without breaking the bank – literally.

First-Time Homebuyer Down Payment Assistance (CA)

Are you a first-time homebuyer needing a little help with your down payment or closing costs? We have a program just for you, to meet those needs. If you meet the California Housing Finance Agency (CALHFA) median income limits, you may be eligible for this program.

  • CALHFA MyHome Assistance offers a down payment or closing cost assistance deferred payment junior loan
  • CALHFA CalPlus with Zero Interest Rate (ZIP) junior loan offers closing cost assistance combined with MyHome down payment assistance junior loan reduces your out-of-pocket due at closing

Low Down Payment Options

  • 3% down payment option1
  • 1st and 2nd combo/piggyback options

Home Rewards

Earn a 20% real estate agent commission rebate towards closing costs when your buy a home through our CMFHomeRewards program.2 Members have already saved more than $275,000 with CMF HomeRewards. It’s your turn!

Not looking to buy? Ask us about refinance, Reverse Mortgage3 and more!

Apply for a home loan or refi

For current rates call 877.915.3030 or email [email protected].

130 Year Fixed Rate Mortgage purchase loan is based on an owner-occupied single family residence, property located in California or Nevada. Rate and payment example are for a loan of $762,200, 30 year fixed rate, note rate of 7.00% as of 1.4.23, 7.058% APR, initial principal and interest payment of $5,074.94, or $6.65 per $1000 borrowed. Example requires 97.00% loan-to-value (LTV) with tax, insurance and mortgage insurance. Impounds are required. Minimum 740 Credit Score. Payment example does not include any amounts due for prepaid interest, taxes, insurance premiums or homeowner association dues; if applicable your payment will be greater. This is not a guarantee to lend at given APR. Rates and Terms are subject to change. Other restrictions may apply. Actual rate will be determined after receipt of completed application and prior to execution of loan documents. Rate lock may not be available until final loan approval. SCE FCU NMLS# 456631, CMF NMLS# 266418. Community Mortgage Funding (CMF) is our credit union owned mortgage company. Loans made or arranged pursuant to a California Financing Law license #6039200. Nevada Exempt Company Registration #4721. 2CMF Home Rewards: Rebate payment is made by HomeSmart Evergreen Realty and is credited to your benefit at the close of transaction. HomeSmart Evergreen Realty is not affiliated with Community Mortgage Funding, LLC. Information is accurate as of date of publishing and is subject to change without notice. Buy a home and receive a 20% rebate on your agent’s commission. Information is accurate as of date of publishing and is subject to change without notice. 3If you qualify and your loan is approved, a Reverse Mortgage must pay off your existing mortgage(s). With a Reverse Mortgage, no monthly mortgage payment is required. Borrowers are responsible for paying property taxes and homeowner’s insurance (which may be substantial). We do not establish an escrow account for disbursements of these payments. Borrowers must also occupy home as primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable. The loan must be paid off when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, or does not comply with the loan terms. A Reverse Mortgage increases the principal mortgage loan amount and decreases home equity (it is a negative amortization loan). These materials are not from HUD or FHA and were not approved by HUD or a government agency.