Affordable Housing Loan Programs

Home Ownership Made Simple.

Wescom Credit Union has a long history of helping Southern California families with mortgages, so we can certainly help your family get into your first home. Wescom offers a variety of money-saving programs designed to make homeownership affordable:

HLPR Program
Wescom also offers help for first-time homebuyers with the Home Loan Payment Relief, or HLPR ("Helper") Program which features down payments as low as 5% plus closing costs, interest rates up to 1% below the national average for three-year adjustable-rate mortgages, acceptance of mid-range credit scores, and all loans over 80% LTV require Private Mortgage Insurance (PMI).

California Housing Finance Authority (CalHFA)*
Wescom is an approved CalHFA lender, offering three different CalHFA mortgage loans with the specific needs of the low- and middle-income first-time homebuyer in mind:

• 30-Year Fixed Mortgage
• interest only PLUSSM 35-year mortgage
• 40-Year Fixed Mortgage

Each of these loans enhances affordability and homeownership opportunities, complete with below-market fixed interest rates that will never change during the term of the loan. CalHFA also offers down payment assistance and special programs that offer customized financing to qualified homebuyers.

Real Estate Rebate Program
If you're planning on buying or selling a home, call Wescom before you call a real estate agent—you can earn up to a 25% rebate on your agent's commission, and that's money you can use towards closing costs.

So if you're thinking of buying your first home but it seems just out of reach, call one of Wescom's friendly, professional mortgage consultants at 1-888-4WESCOM (1-888-493-7266) ext. 5900. You just might be surprised to learn just how affordable owning your first home can be.