With great rates and helpful, friendly Mortgage Relationship Managers, Spectrum Credit Union (Spectrum) makes it easy to purchase a home, refinance a loan, or get secondary financing. We are committed to helping you find the right mortgage product to fit your needs.

We offer a variety of products to meet your financial goals whether you want to purchase a home, refinance, consolidate debt, make home improvements, or need extra cash. Our loans have no prepayment penalties and may be refinanced at any time. 

First Time Homebuyer Program

If you are a first time homebuyer, Spectrum’s First Time Homebuyer Program can help you purchase your first home with a low down payment.

To qualify for the program, you must have:*

  • A down payment of at least three percent
  • A credit score of at least 620
  • Completed “The Road to Homeownership” course at balancetrack.org with a score of 90% or higher

Foreign and non-traditional credit accounts may be considered to establish credit history. The program may be used to purchase single family homes, condominiums, and manufactured homes that are permanently fixed to the foundation.

For more information, contact your local mortgage relationship managers or give us a call at 510-627-5120 or toll-free 888-334-5120.

*Other restrictions may apply.

Spectrum Condo Program

Finding a home loan for a condo is not always easy due to stringent guidelines on everything from the percentage of non-owner occupied units to the number of units with delinquent HOA dues.

As a portfolio lender, the Credit Union can offer home loans on a case by case basis for condos that might otherwise be considered unwarrantable.

Stop by your local branch or give us a call at 510-627-5120 or toll-free 888-334-5120 to learn how we may be able to help you purchase or refinance your condo.

Bechtel Corporation's Relocation Program

Are you a Bechtel Corporation employee moving to a new Bechtel location? 

Spectrum Credit Union offers a relocation package specially designed for Bechtel employees and serviced by our friendly, experienced real estate lending professionals. 

Learn more today!

Learn More

Click here to learn more about joining Spectrum.

If you are looking for reduced cost mortgage alternatives, check out our Reduced Cost Loan Programs.

For more information on our real estate services, please call us at 510-627-5120 or toll-free 888-334-5120, or visit your local Spectrum branch and speak to one of our friendly Mortgage Relationship Managers.

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