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Heather E., Art Department Coordinator

Mortgage Loans

TAKE YOUR PLACE

in a home among the stars.

Find your dream home now.

Put renting on permanent hiatus with First Entertainment Credit Union, a full service Real Estate lender offering customized mortgage options, competitive rates, and skilled guidance and assistance throughout the homebuying process.

The benefits

Whether it’s time to buy, refinance, or put the equity in your home to work, we are ready to help you achieve your homeownership goals. Plus, our easy application process makes it as simple – and rewarding – as possible.1

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Competitive Rates

Borrow with the knowledge that you’re landing the best deal in town with our competitive rates.

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Robust Financing

We excel at all price ranges with financing from $65,000 to $5,000,000.

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Search With Confidence

Our 60-Day Lock & Shop2 Program allows you to lock in your rate while you search for your dream home.

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No Down Payment

Get right past one of the traditional barriers to homeownership with no down payment options for first-time homebuyers.

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Loan Options

Combining a first mortgage with a second mortgage may help first-time homebuyers avoid costly Private Mortgage Insurance (PMI).

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Free Pre-Approvals

Our free pre-approval for purchase gives you the confidence to start the search for your dream home.

Award

No Application Fees

Avoid unnecessary fees and charges with First Entertainment Credit Union.

Home Rate

All Real Estate Types

We provide loans for single-family and multi-units (2 to 4) for condominiums, townhomes, and planned unit developments.

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Second Properties

Contact us for financing investment properties and second homes.

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Competitive Terms

Reach out to First Entertainment for more information on the availability of no points and rate options.

Thinking about refinancing? First Entertainment offers free mortgage analysis and cash-out refinances on primary residences, second and vacation homes, and investment properties.

Mortgage types

Consistent monthly principal and interest payments at a fixed rate.

  • 10, 15, 20, 30 – year terms*
  • Financing from $65,000 to $5,000,000

*10 –Year Fixed-Rate Mortgage: The payment on a $200,000 10-year Fixed-Rate Loan at 3.000% and 60% loan–to-value (LTV) is $1,931.21 with 0.500 points due at closing. The Annual Percentage Rate (APR) is 3.288%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and country maximum loans amount restrictions may apply.

LEARN MORE ABOUT FIXED RATE MORTGAGES

A loan that adjusts to your needs.

  • Fixed payments for 3, 5, 7, or 10 years, then adjustable thereafter, amortized 30-year terms*
  • Financing from $65,000 to $5,000,000

*Adjustable Rate Mortgages (ARM) are based on 30 year terms, other terms are available upon request. The 10/1, 7/1, 5/1, and 3/3 ARM loan Index is a nominal 1-Year weekly average, and the 5/5 ARM Index is the nominal 5-Year weekly average of the Treasury Constant Maturities, as made available by the Federal Reserve Board. Your interest rate is subject to change at the initial adjustment period and each interest rate adjustment period over the life of the loan. These adjustments may increase the rate after consummation. Example: on a 5/1 ARM loan, the initial adjustment period is after the 60th payment and every 12 months thereafter. On a 5/5 ARM loan, the initial and future adjustment periods occur every 60 months.

5/5 MORTGAGE

An alternative for borrowers that offers the consistency of a fixed-rate loan and the lower rate of an Adjustable-Rate Mortgage (ARM).

  • Fixed payments for 5 years, then adjustable every 5 years, thereafter, amortized 30-year terms*
  • Financing from $65,000 to $5,000,000

*5/5 Mortgage: The initial payment on a 30-year $450,000 5/5 Adjustable-Rate at 3.500% and 60% loan–to-value (LTV) is $2,020.70. The Annual Percentage Rate (APR) is 4.649%. After the initial 5 years, the principal and interest payment is $2,418.78. The fully indexed rate is in effect for the remaining 25 years and can change once every 5 years for the remaining life of the loan. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Rate is variable and subject to change after 5 years, and can increase. These rates assume no increase in the financial index after the initial fixed period. APR and Index values are as of 7/15/2022.

LEARN MORE ABOUT AN ADJUSTABLE-RATE MORTGAGE (ARM)

Estimate your monthly mortgage payment.

Enter a total loan amount, your planned down payment, and your desired loan term to estimate your monthly payment.

Calculated payments shown are for estimation purposes only. Actual loan payment amount will be disclosed at loan closing and may differ.

Home Rewards

Whether you’re buying or selling real estate, get features designed to empower you while saving you time and money throughout the process.

Discover Home Rewards

Insurance

Whether you need coverage for a new home purchase, or are policy shopping for one you already own, our Media Benefits Insurance Services (MBIS) agents specialize in finding you the best rate as well as identifying gaps in your existing coverage.3

 

Learn More

Meet the team

Real Estate Loan Consultant headshot

Edward Chou

A-List, Burbank, Paramount
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Vytas Keblys

Hollywood, Warner Bros., Studio City
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Jacquelyn Payton

Santa Clarita, Culver City, Sony

For mortgage applications in process, please click here to login to your application portal.

Ready to get started?

Apply Online
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Disclosures

Equal House Lender
PMI is required when the loan-to-value on a Mortgage Loan is greater than 80%. Special exceptions for first time home buyers may apply.
1
Loans are subject to credit approval, and not all members will qualify. Certain terms and conditions may apply. Eligible home loans only for California properties. Current home loan rates are available online at Mortgage Rates and HELOC rates or by contacting the Credit Union at 888.800.3328.
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The Lock and Shop Program (“Program”) will lock your initial interest rate for up to 60 days. Borrower must supply the fully executed purchase and sales contract within 30 days of participating in the Program. The Program is not a mortgage loan approval nor a commitment to lend and is subject to the borrower satisfying all underwriting guidelines and loan approval conditions.
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Insurance services offered through Media Benefits Insurance Services CA Lic#0H99393, a DBA for Media Benefits Corp., which is a wholly-owned subsidiary of First Entertainment Credit Union.