IMPORTANT ANNOUNCEMENT - Local Roots. Expanded Possibilities.
You are leaving Sierra Central Credit Union
Links to non-Sierra Central websites are provided solely as pointers to information that may be useful to SierraCentral.com users. Sierra Central has no control over the content on such websites.
Sierra Central makes no warranties, either express or implied, concerning the content of such linked sites, including the accuracy, completeness, reliability or suitability thereof for any particular purpose, nor does Sierra Central warrant that such site or content is free from any claims of copyright, trademark or other infringement of the rights of third parties or that such site or content is devoid of viruses or other contamination.
Sierra Central does not guarantee the authenticity of documents on the Internet. Links to non-Sierra Central sites do not imply any endorsement of or responsibility for the opinions, ideas, products, information or services offered at such sites, or any representation regarding the content at such sites. The privacy policies of Sierra Central Credit Union do not apply to linked Websites. Please consult the privacy disclosures on such sites for further information.
From buying a new home to refinancing, we'll guide you to a solution that fits your needs.
Home Equity Line of Credit (HELOC)
First Time Home Buyers (Paradise, CA)
A program designed to provide assistance in the form of a deferred payment "silent" second priority loan as "Gap" financing toward the purchase price and closing costs.
- Available to anyone who has not been on title to a home for the past 3-years and meets certain income limits.
- Eligible for first time home buyers with properties located in the town limits of Paradise, CA.
- Minimum credit score of 620
- Required 2% down payment
- Maximum loan amount up to 40% of the purchase price up to $100,000
Minimum credit score of 620
A required 2% down payment
Maximum loan amount up to 40% of the purchase price up to $100,000
From Loan to Home
Home purchasing has a lot of steps and can be emotional at times; We were in good hands and never felt alone through the process.
Home Lending Resources
.png)
Your Real Estate Lending Experts
Mortgage Calculator
Home Equity Line of Credit
Home Loans
.png)
Your Real Estate Lending Experts
Member promotions for every stage of your journey.
*All loans subject to credit approval and some restrictions may apply. Sierra Central fees include, but are not limited to, 1.75% origination fee, processing fees, underwriting fees, and closing documentation fees. Maximum loan amount is based on the maximum purchase price published by the CA Association of Realtors which is updated monthly at (https://www.car.org/marketdata/data/countysalesactivity). APR= Annual Percentage Rate. All mortgage rates are based on a 60-day rate lock. Rates are subject to change at any time. LTV = Loan to Value ratio. Private mortgage insurance is required for loans over 80% LTV and are subject to certain restrictions for approval. Example First Mortgage Loan. Purchase a property, with a loan amount of $160,000 and an estimated property value of $200,000, with a 20% down payment equal to $40,000. The property is in Paradise, CA. The property is an existing single-family residence and will be used as a primary residence. The assumed credit score is 740. At a 6.5% interest rate, the APR for this loan type is 6.875%. The payment schedule for a 30-year loan would be approximately $1,011.31 (Principal and Interest) per month. The example was based on 80% LTV. We reserve the right to correct printing errors. Membership is open to anyone who lives, works, or attends school in any of our branch location counties. Membership and/or participation fees may apply. Other restrictions may apply; must meet account opening criteria to join. Any rates, fees and terms subject to certain criteria and may vary. Equal Housing Opportunity. NMLS# 786202
GSFA Platinum Down Payment Assistance Program
The program is designed to increase homeownership opportunities for low-to-moderate income individuals and families in California.
- 30-year fixed rates
- No first-time homebuyer requirements
- Purchase or refinance
- All borrowers are eligible
- FICO scores as low as 640
- Total Down Payment Assistance up to 5.5% total (based on total first loan amount)
- Manufactured homes eligible
All borrowers are eligible
FICO scores as low as 640
Total Down Payment Assistance up to 5.5% total (based on total first loan amount)
Manufactured homes eligible
From Loan to Home
Home purchasing has a lot of steps and can be emotional at times; We were in good hands and never felt alone through the process.
Home Lending Resources
Your Real Estate Lending Experts
Mortgage Calculator
Home Equity Line of Credit
Home Loans
Your Real Estate Lending Experts
Member promotions for every stage of your journey.
*All loans subject to credit approval and some restrictions may apply. Sierra Central fees include, but are not limited to, 1.875% origination fee, processing fees, underwriting fees, and closing documentation fees. Maximum loan amount of $832,750. APR =Annual Percentage Rate. All mortgage rates are based on a 60-day rate lock. Rates are subject to change at any time. LTV = Loan to Value ratio. Private mortgage insurance is required for loans over 80% LTV and are subject to certain restrictions for approval. Example First Mortgage Loan. Purchase a property, with a loan amount of $160,000 and an estimated property value of $200,000, with a 20% down payment equal to $40,000. The property is in Yuba City, CA. The property is an existing single-family residence and will be used as a primary residence. The assumed credit score is 740. At a 6.875% interest rate, the APR for this loan type is 7.272%. The payment schedule for a 30-year loan would be approximately $1,051.09 (Principal and Interest) per month. The example was based on 80% LTV and program allows up to 97% LTV. We reserve the right to correct printing errors. Membership is open to anyone who lives, works, or attends school in any of our branch location counties. Membership and/or participation fees may apply. Other restrictions may apply; must meet account opening criteria to join. Any rates, fees and terms subject to certain criteria and may vary. Equal Housing Opportunity. NMLS# 786202
Access your home equity with our trusted partner.
Alliance Reverse Mortgage proudly partners with credit unions to deliver trusted and tailored solutions for senior members.
Their mission is to make the reverse mortgage process simple and stress-free, empowering you to access the resources you need to achieve your dreams—whether it’s funding a once-in-a-lifetime vacation, covering unexpected medical expenses, remodeling your home, or simply enjoying extra financial freedom to enhance your lifestyle.
With Alliance Reverse Mortgage, you’ll experience a streamlined, supportive, and confident journey toward achieving your financial goals—partnering with a team you can trust every step of the way.
From Loan to Home
Home purchasing has a lot of steps and can be emotional at times; We were in good hands and never felt alone through the process.
Home Lending Resources
Your Real Estate Lending Experts
Mortgage Calculator
Home Equity Line of Credit
Home Loans
Your Real Estate Lending Experts
Middle Income Down Payment Assistance
Eligible homebuyers who contribute a minimum of $10,000 toward their down payment may qualify for a grant of up to $50,000 that can be used for the homebuyer’s down payment and closing costs.
A homebuyer applicant must fulfill the requirements below in order to be eligible for Middle-Income Down payment Assistance funds, which are given through a participating FHLBank San Francisco member.
The applicant must:
- Be a first-time homebuyer, as defined by the U.S. Department of Housing and Urban Development (HUD)
- Income eligibility requires the homebuyer household to have earnings between 80.01% and 140% of the HUD defined AMI based on purchase property address and adjusted for household size
- Successfully complete a homebuyer counseling program
- Purchase an eligible property as their primary residence in California. Such property may include (1) single-family homes, such as a condominium, cooperative housing, and manufactured homes, and (2) housing with two to four dwelling units with at least one owner-occupied unit
- Open escrow on a home purchase transaction, with closing scheduled within 30 days prior to the Bank member requesting program funds, which such member will disburse to the homebuyer
- Make a minimum contribution of $10,000, which may come from savings or gifted funds
If you’re looking for a home loan lender who takes the time to understand your financial situation and personal goals, let Sierra Central help you with your home loan process.
.jpeg)
From Loan to Home
Home purchasing has a lot of steps and can be emotional at times; We were in good hands and never felt alone through the process.
Home Lending Resources
Your Real Estate Lending Experts
Mortgage Calculator
Home Equity Line of Credit
Home Loans
Your Real Estate Lending Experts
*All loans subject to credit approval and some restrictions may apply. Sierra Central fees include, but are not limited to, 1.75% origination fee, processing fees, underwriting fees, and closing documentation fees. Maximum loan amount of $832,750. APR =Annual Percentage Rate. All mortgage rates are based on a 60-day rate lock. Rates are subject to change at any time. LTV = Loan to Value ratio. Private mortgage insurance is required for loans over 80% LTV and are subject to certain restrictions for approval. Example First Mortgage Loan. Purchase a property, with a loan amount of $160,000 and an estimated property value of $200,000, with a 20% down payment equal to $40,000. The property is in Yuba City, CA. The property is an existing single-family residence and will be used as a primary residence. The assumed credit score is 740. At a 6.25% interest rate, the APR for this loan type is 6.62%. The payment schedule for a 30-year loan would be approximately $985.15 (Principal and Interest) per month. The example was based on 80% LTV and program allows up to 97% LTV. We reserve the right to correct printing errors. Membership is open to anyone who lives, works, or attends school in any of our branch location counties. Membership and/or participation fees may apply. Other restrictions may apply; must meet account opening criteria to join. Any rates, fees and terms subject to certain criteria and may vary. Equal Housing Opportunity. NMLS# 786202
WISH Program: Down Payment & Closing Cost Assistance
The Workforce Initiative Subsidy for Homeownership (WISH) Program helps eligible first-time home buyers cover downpayment and closing costs through a matching grant.
- Receive up to a 4:1 match on your contribution
- Grand funds can be used for down payment and closing costs
- Available to eligible first-time homebuyers with household incomes at or below 80% of Area Median Income (AMI)
- Homebuyer education is required
Example: Contribute $8,000 and receive up to $32,000 in WISH grant funds.
Funding is limited and subject to program availability.
From Loan to Home
Home purchasing has a lot of steps and can be emotional at times; We were in good hands and never felt alone through the process.
Home Lending Resources
Your Real Estate Lending Experts
Mortgage Calculator
Home Equity Line of Credit