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Whether you’re retired from the workplace or you have a lower income that doesn’t reflect your net worth, Spectrum Credit Union can help you navigate the path to homeownership.

While many conventional lenders will base their rates on a borrower’s income, or debt-to-income ratio, Spectrum Credit Union offers asset-based loans in which your total financial picture is considered. So if you are retired or bring in a lower income, but you have substantial assets, we’ll put together a loan package that’s right for you.

Good for:

  • Retirees with fewer than two years of employment history
  • Those will lower incomes but substantial assets


Key features:

  • Financing available for owner-occupied, non-owner occupied second homes, 1-4 units, and PUDs
  • First mortgages, fixed second mortgages, and HELOCs are eligible
  • Loan to value (LTV)/Combined loan to value (CLTV) for Refinance/Purchase up to 70%
  • LTV/CLTV for Cashout Refinance up to 60%
  • 15-year and 30-year amortization available

More information

Our Mortgage Relationship Managers are here to help you every step of the way. Please call our Home Loan Help Desk at 888-750-4124. For those outside the U.S., call 510-251-6010. 

To check your pending application status, simply log in to your existing application.

* Example: Based on a $250,000 purchase price with 20% down ($200,000 loan amount) and a rate of 4.125% (4.266% Annual Percentage Rate), estimated payment would be $983.88 per month. Payment does not include taxes and insurance. Actual payment may be higher. All loans are subject to approval. Terms are subject to change at any time and without notice.

Ready to become a member? Let’s get started.

If you’re eligible for membership, we’re ready to hear from you. Not sure if you’re eligible? You can check if you qualify here.

Why join Spectrum Credit Union? Learn more.

From everyday finance to life’s big money moments, it’s better when you belong.