Auto Loans

Central Coast Federal Credit Union offers competitive rates and terms on both new and used vehicles, including motorcycles. Vehicles will be considered new for current model or next model year and 2 year previous model year and in your possession less than 90 days. If the vehicle has been in your possession more than 90 days, financing is available up to 110% of value. These vehicles may be financed up to 84 months at 110% of value, plus sales tax, DMV registration fees and up to $3,500.00 for dealer extended warranty and Guaranteed Asset Protection coverage.
Used vehicle are considered to be 3rd model year up to 10th model year. If the vehicle has been in your possession more than 90 days, financing is available up to 110% of value. These vehicles may be financed up to 72 months at 110% of value, plus sales tax, DMV registration fees and up to $3,500.00 for dealer extended warranty and Guaranteed Asset Protection coverage. If the vehicle has been in your possession more than 90 days, financing is available up 110% of value.
Some borrowers may require a 10% down payment for new and used vehicles. Debt Protection coverage is available on most purchases / refinances.

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Motorcycle Loans

The Credit Union will finance 100% of the dealer invoice for new motorcycles 750 cc's or higher. Sales tax can be financed. New motorcycles are defined as one which has been in your possession less than 90 days and was never previously titled. We will only finance used motorcycles 750 cc's or higher. The amount financed cannot exceed 80% of dealer invoice, not including tax and license. If not purchased from a dealership, we require a valuation of the motorcycle from a licensed dealership. Maximum terms on new motorcycles are up to 72 months and 60 months for used motorcycles on 750 cc's or higher (based on qualifications). We will only finance motorcycles if titled in California. We also offer valuable yet affordable member payment protection on motorcycle loans.

Real Estate Loans

1st Deed of Trust Mortgages

Whether you are purchasing new home or refinancing your existing home, our credit union has a variety of first deed of trust mortgage products designed to meet your every need. We offer fixed-rate mortgages with terms of 15 or 30 years. We can finance up to 80% of the appraised value of your property. The home must be located in the State of California.

Business Credit Lines

Our business credit line program is much like our home equity credit line program- great rates and terms with no gimmicks and fast turn-around time on processing your application. You may borrow up to 80% of the appraised value of any property you own on a first lien or up to 70% on a second lien (less what you owe on the first lien). The property must be located in the State of California. The term of the loan is fifteen years, with a five year draw period extendable at the discretion of the credit union.

Home Equity Lines of Credit

Our Home Equity Line of Credit Loans have been our fastest growing Mortgage Product for one reason. Our rates and terms are about the best on the entire west coast! No gimmicks, no tricks- just low closing costs, low rates (no teaser rates here that shoot up after six months) and fast turn-around time on processing your application. You can borrow up to 80% of the appraised value of your home (less what you owe on your first deed of trust) to use any way you want. The term of the loan is fifteen years, with a draw period of five years (extendable at the discretion of the Credit Union). Be it for a new car, college tuition expenses, remodeling, a vacation... and the interest may be tax deductible. (As always, please consult a qualified advisor in tax matters.) For credit lines up to $50,000 we also offer valuable yet affordable member payment protection.

Rental Property Loans

Have you ever thought of investing in some rental property? We can help with our residential rental property loan program. We can secure the loan either as a first or second deed of trust for properties used as residential rental units located within the State of California. For first deed of trust loans, you may borrow up to 80% of the appraised value of the property. On second deed of trusts the maximum is 70% of the appraised value less what is owed on the first deed of trust. We offer terms up to twelve years to qualified borrowers. For further details on our policies or to receive an application, please call our Loan Department at (831) 393-3480 extension 211 during our regular business hours.

Mortgage Loan Officers - Seaside Branch

Mary Nunez - NMLS ID #809118

Maria Thomas - NMLS ID #809373

Elsa Leos - NMLS ID #1139894

Central Coast Federal Credit Union is registered with National Mortgage Lending System - NMLS ID #786119

Personal Loans

Signature Loans

Taxes are due! Your computer hard drive just failed! You need a vacation! But your budget says no... That's what our Personal Loans are for. Your good credit and signature is all the collateral we require to get you the funds you need quickly. We grant Personal Loans for any provident purpose. The maximum loan amount is up to $10,000.00 (depending on qualifications); all personal loans are scheduled to be repaid within three years. We offer valuable yet affordable member payment protection on Personal Loans.

Debt Consolidation Loans

Debt Consolidation may be just the answer to rescue you from that never-ending stream of bills. Consider this...if you max out a $3000 credit card at 17% APR and make only the minimum payment it could take as long as 15 years to pay off that single debt and your total finance charges could be more than DOUBLE the original $3000 balance. With a debt consolidation loan from Central Coast FCU that same debt can be paid in full in as little as three years. We'll combine all your personal debts into one loan scheduled to pay off in three years. Loans are available up to our policy limit of $10,000.00- the actual amount we will loan depends on your qualifications. We only ask that the credit lines we are paying off be closed and remain closed for the term of your loan. We also offer valuable yet affordable member payment protection on Debt Consolidation Loans.

Share and Certificate Secured Loans

Some members may wish to borrow against their own funds held in their credit union account to enjoy the benefits of even lower rates and more flexible terms. Members may borrow up to 100% of the available balance in their account for share secured loans and 90% of the available balance in their term share certificate for certificate secured loans. The maximum term on a share secured loan is ten years. On a certificate secured loan, the term is that of the certificate- however you may roll over the loan on a renewed certificate. For either loan type, the minimum monthly payment due is $50.00.

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