SAN JOSE, Calif. – Technology CU has launched a new jumbo 30-year fixed rate home loan program intended to boost the buying power of homebuyers and homeowners up to $3 million.
“It is no secret Bay Area housing prices and the cost of living are amongst the highest in the nation,” said Steve Donahue, vice president of mortgage origination for the $1.4 billion credit union. “This loan product was created for members with good credit who want to refinance or purchase an upper end home and enjoy the benefit of fixed payments.”
As part of its ongoing mortgage promotion, Tech CU is offering a “Quick Close Guarantee,” paying buyers a $100 gift card if the credit union is unable to close their purchase loan in 10 business days.
