Orange County’s Credit Union provides new mortgage offerings for accessibility in a competitive housing market

First-time and seasoned home buyers can take advantage of new zero and three percent down payment options

SANTA ANA, CA (May 26, 2021)Orange County’s Credit Union, a Santa Ana-based financial services provider with more than 120,000 Members, reveals two new mortgage payment options to increase accessibility for Members to become homeowners in Orange, Los Angeles, Riverside and San Bernardino Counties. As part of its continuing commitment to provide home loans with low rates and exceptional service, Orange County’s Credit Union now offers an enhanced zero percent down mortgage payment option and an enhanced three percent down option to Members.

Traditionally, the biggest hurdle in homeownership is saving sufficient funds for a down payment, and this challenge has only been amplified during a turbulent economic year and aggressive housing market. Orange County’s Credit Union recognizes how important having a safe, comfortable home is, and the need for even more accessible and affordable solutions for the local community.

“Over the past year, home has a new meaning to people all over the world by taking on so many new roles: offices, classrooms, gyms and so many others,” said Carlos Miramontez, vice president of mortgage lending. “We knew we needed to create offerings that are different from the standard mortgage options and that lower the barriers to homeownership. At Orange County’s Credit Union, our goal is to help Members at every stage of life, and these new offerings are tangible steps to really make a real difference in our community.”

True to the Credit Union’s commitment to helping Members and increasing accessibility to the housing market, these new zero percent and three percent offerings can assist a homebuyer to qualify for a home loan making 15 to 19 percent less in income compared with standard conventional financing with a three percent down payment. Both seasoned and first-time homebuyers can take advantage of these offerings for purchases up to $850,000 with the three percent loan program and $765,600 with the zero percent loan program. The Credit Union’s new mortgage options require lower levels of mortgage insurance coverage than government sponsored options, such as Freddie Mac or Fannie Mae loans. The Credit Union is also waiving the increased fees/interest rates typically associated with low down payment home loans. These combined benefits result in a lower housing payment for the homebuyer.

In addition to the new three percent loan program and zero percent loan program, Orange County’s Credit Union also provides Members with varying fixed-rate loans for mortgages between five and 30 years. Members can also take advantage of adjustable rate mortgage loans for five, seven and 10 years with no upfront fees to apply, no prepayment penalty and no negative amortization.

Beyond mortgage services, Orange County’s Credit Union also helps Members with an array of financial services, including checking, savings, and retirement accounts, mobile and online banking, as well as auto and small business loans. Orange County’s Credit Union is a certified Community Development Financial Institution credit union and holds the Low-Income Designation to better serve Members of all backgrounds. For more information on Orange County’s Credit Union or to find a location, visit:

About Orange County’s Credit Union

Orange County’s Credit Union is a Santa Ana-based financial services provider established in 1938 with more than 130,000 Members and over $2.5 billion in assets. As a not-for-profit financial services provider, Orange County’s Credit Union is owned by Members, not shareholders, which means its profits are returned to Members in the form of fewer fees, lower loan rates, and enhanced products and services. Orange County’s Credit Union is certified as a Community Development Financial Institution (CDFI) to support the challenges faced by low-income families and communities, and offers a full range of financial services to Members, including checking and savings, mobile banking, and retirement accounts, as well as auto, small business, and home loans with zero-percent down and three-percent down options. Ranked in the top three percent of credit unions nationwide based on assets, Orange County’s Credit Union offers Membership to anyone who lives or works in Orange, Los Angeles, Riverside and San Bernardino Counties. For more information, visit Orange County’s Credit Union’s website at or call (888) 354-6228.


Sara Ryan
Account Director at Bolt PR, A Millwright Agency
(469) 371-5641

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