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Minimum credit score of 620
A required 2% down payment
Maximum loan amount up to 40% of the purchase price up to $100,000
*All loans subject to credit approval and some restrictions may apply. Sierra Central fees include, but are not limited to, 1% 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 6.875% interest rate, the APR for this loan type is 7.186%. 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. We reserve the right to correct printing errors. Membership is open to anyone who lives, works, worships 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
