Mortgage
For decades, CommonWealth Central Credit Union has offered flexible home financing that opens doors and builds dreams. We offer innovative, affordable mortgage options and excellent service for all our members.
We provide solutions for your unique mortgage needs. From purchase to refinance, we offer programs to help you achieve your home financing goals. Our mortgage expert will work with you throughout the mortgage process, answering questions and offering advice every step of the way.
Explore Mortgages & Rates
Mortgage Benefits
As a not-for-profit, member-owned financial co-op, we’re focused on returning profits to you in the form of better interest rates and lower fees. We’re proud to offer some of the most affordable home loan interest rates in San Jose and the southern Valley area.
Mortgage Features
At CommonWealth we understand that your route to buying a property is as unique as you are. That’s why we offer a range of mortgage loan types designed to meet you wherever you are in your journey to homeownership in California.
We offer:
- Competitive rates
- Flexible terms to meet your budget
- Expert advice
- Low down payment purchase programs
- Fast and free pre-approvals for purchase
- On-time closings
Visit our mortgage website to explore our great rates and to begin your application today, or contact us for more information.
Here to Guide You Home
Alexander Gloner | Mortgage Loan Consultant
NMLS# 302660
Buying or refinancing a home is a significant financial decision, and having an experienced professional to turn to can make all the difference. With more than 30 years of mortgage lending experience, Alexander is committed to making the home financing process clear, straightforward, and as smooth as possible.
Alexander believes in keeping clients informed, answering questions, and providing guidance based on their individual needs and goals. He also works closely with real estate agents, home builders, and escrow partners to help keep financing on track from application through closing.
Whether purchasing a first home, moving into the next one, or refinancing to improve cash flow, Alexander is ready to help members understand their options and make informed financing decisions that support their goals and financial future.
Did you know?
Did you know that CommonWealth has Homeownership Education Resources? Our free BALANCE Certified Pre-Purchase Counseling Program provides you with the essential knowledge to navigate the financial responsibilities of homeownership, ensuring you're well-prepared for the journey ahead. Our counselors offer guidance on setting realistic budgets, saving strategies for down payments, understanding credit reports, and navigating the home-buying process and lending prerequisites.
Meet with a certified counselor or check out our other resources, so you can make informed decisions and confidently move towards homeownership, feeling fully prepared and knowledgeable.
Schedule an Appointment with a Counselor Explore Self-Paced Online Modules
Purchasing a home is one of the biggest financial decisions you’ll make. At CommonWealth we’re here to support you every step of the day with great rates, flexible terms, and a selection of financial tools you can use to make a success of homeownership over the long term.
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Financial Wellness Services
Homeownership is a long game. Get the free skills, knowledge and services you need to thrive financially while you pay off your home.
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Online and Mobile Banking
Monitor your account and loan balances, pay bills, and make transfers anywhere, anytime with our online and mobile banking services.
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Mortgage Calculators
Explore your options. Our online Mortgage Calculators let you estimate your monthly mortgage payment for different rates and terms.
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Upcoming Seminars/Webinars
Join in our regular online seminars and webinars including a series of modules designed especially for first time homebuyers.
Learn More
What Our Members Are Saying
Home Loans and Mortgages FAQ
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What types of mortgage loans does CommonWealth offer?
Visit our Home Loans and Mortgages page to view a full list of our mortgage products. We offer home loans and property financing for almost any financial situation from traditional conforming 30 year Fixed-Rate Loans and government-backed mortgages to highly customized Construction Loans designed to support you while you build a home of your own.
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How do I start the mortgage application process?
Starting your mortgage application is easy. Simply click Apply Today to be taken to our loan application page to begin your Prequalification Application, provide the required documentation, and we’ll take it from there.
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How long does the mortgage approval process take?
The time it takes to approve your mortgage application depends on the complexity of your application, your credit score, the loan amount requested, and whether it is a primary residence. In many cases, we’re able to provide an answer within a few business days. You can help keep the process moving by ensuring you provide all the required documents in a timely manner.
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Can I refinance my existing mortgage?
Yes, CommonWealth refinances existing mortgages from other lenders. In many cases we can restructure your loan to ensure you save money on your monthly payment or pay less in interest charges over the life of the loan. We can also help you access your existing home equity through a cash-out refinancing.
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What documents are needed to apply for a mortgage?
Along with your application, you’ll need to provide documentation about your financial situation, including pay stubs, bank statements, and at least 2 years of tax returns. Keep an eye on rates as you gather the necessary papers on our up-to-date rates page.
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What happens after my mortgage is approved?
After your mortgage is approved, we’ll prepare the final loan documents and make important checks like a home appraisal and title review. You’ll receive a closing disclosure with your final loan terms and closing costs. At closing, you sign the paperwork, your loan will be funded, and you will receive the keys to your new home!
Personal Loans
Big plans or unexpected expenses? Our personal loans give you fast access to the funds you need with predictable payments and competitive rates.
Home Equity Line of Credits
Use your home’s equity to help fund what comes next. With a flexible HELOC, you can access funds as you need them and borrow with confidence and peace of mind.
Vehicle Loans
Finance your next vehicle with loan options that keep your monthly payments manageable. Whether you're buying new or used, we make it easy to get on the road.
* This is not a commitment to lend. All lending products are subject to credit and property approval. Refinancing an existing mortgage loan may cause the total finance charges to be higher over the life of the loan. Additional restrictions may apply. Alexander Gloner, NMLS #302660, is authorized to act as an agent of CommonWealth Central Credit Union and is authorized to represent Member First Mortgage, LLC (‘MFM’). MFM (616 44th Street SE, Grand Rapids, MI 49548 | (866) 898.1818 | NMLS ID: 149532) is a Licensed Mortgage Lender/Servicer and a partner of CommonWealth Central Credit Union (5890 Silver Creek Valley Rd, San Jose, CA 95138 | (800) 564.1588 | NMLS ID: 458544). For MFM’s state disclosure information, please visit MFM’s website. For NMLS licensing information, please visit www.nmlsconsumeraccess.org | Equal Housing Opportunity.
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