Firefighter Benefits

Firefighter Pricing Benefits

SF Fire Credit Union was founded in 1951 at old 17 Engine, with Arthur F. McIntyre – our first manager – setting a standard for service to which we still aspire today.

We’re privileged to serve all active and retired SF Fire Department employees, as well as those of all Fire Departments within our field of membership. That’s why we want you to be aware of all the Firefighter Pricing benefits you get on loan and savings options with SF Fire Credit Union: special loan programs, interest rate discounts on loans, and rate boosts on certain savings accounts. 

Who Qualifies: Active and retired Firefighters and Fire Department employees for all departments within our field of membership.

What’s Covered By Firefighter Pricing: Reduced fees and interest rates on certain real estate and consumer loans, and rate bumps on certain savings products

San Francisco Fire Department Added Discount:  All members who qualify for Firefighter pricing get 0.25% off the interest rate for 1st Mortgages. Active and retired SFFD employees qualify for an additional 0.25% discount on owner-occupied homes only (for a total interest rate discount of 0.50%). Member can only have  the 0.50% discount on one active home loan at a time.

 Categories:  Home Purchase Options | First Mortgages   |  HELOCs  |  Fees | Consumer Loans   |  Savings Products | FAQ

Home Purchase Options

We want to make it as easy as possible for you to get into your dream home. One option particularly well-suited for purchasing a new owner-occupied home is the 1st Mortgage and HELOC Purchase Combo Loan Program.

This program allows you to combine a 1st Mortgage for up to 80% of the Combined Loan To Value with a Home Equity Line Of Credit of 20%  of the CLTV to reach the full amount needed for the loan, without requiring a down payment.

All Fire Department employees get 0.25% off the 1st Mortgage interest rate and 0.50% off the HELOC rate; SFFD employees qualify for up to 0.50% off the 1st Mortgage interest rate.

Wondering if this option is right for you? Our Real Estate Loan Officers are here to help with any questions.

1st Mortgage and HELOC Purchase Combo Program Details

* Combined Loan To Value, the ratio of all secured loans on the property to the property’s value, or purchase price in this case

**0.50% discount is limited to one active home loan per borrower.

***HELOCs for Fire Department Employees have a standalone discount of 0.25% (see below) and qualify for an additional 0.25% as part of the Purchase Combo Loan.

Available rates and discounts subject to change at any time.

First Mortgages

We’re here to help with standalone 1st Mortgages, whether for purchases or refinances. Standalone 1st Mortgages offer a greater number of eligible properties than are available for the 1st Mortgage/HELOC combo purchase loan program, which is only available for purchases of an owner-occupied home.

SFFD firefighters and staff qualify for an interest-rate discount  of up to 0.50% on 1st Mortgages (on owner-occupied properties only), whether the loan is fixed-rate or adjustable. 2nd homes or investment properties, or all property types for firefighters and staff from other Fire Departments, qualify for a 0.25% interest-rate discount.

Questions about your 1st Mortgage options, whether purchasing or refinancing? Contact our Real Estate Loan Officers  for assistance. 

First Mortgage Rate Discounts

*0.50% discount is limited to one active home loan per borrower, and only applies to primary residence properties. 2nd homes and investment properties may qualify for a 0.25% discount.

** Loan Level Pricing Adjustments - Additional fees assessed to conventional mortgages based on certain borrower and loan risk characteristics.

Rates and discounts subject to change at any time.

Home Equity Lines of Credit (HELOCs)

Existing discounts have increased from 0.10% to 0.25%. Existing active and retired SFFD employees who have an existing HELOC will see their interest rate adjusted automatically as of July 16th.

Questions about new or existing HELOCs? Our Real Estate Loan Officers are here to help. 

HELOC Rate Discounts

Real Estate Loan Fees

Consumer Loans

Fire Department Employees qualify for discounts on most consumer loans excluding credit cards. Discounts have increased from 0.10% to 0.25%. Discount is the same for SFFD and Non-SFFD alike. 

Already have a consumer loan? You'll see your interest rate adjusted in August after your July statement is generated to reflect the increased discount on future payments.

For questions about your consumer loan options, call our Contact Center at 415.674.4800, Monday - Saturday, 7 AM - 8 PM.

Consumer Loan Rate Discounts

Savings Products

Active and retired Fire Department employees qualify for a 0.10% rate bump on certain savings products. Discount is the same for SFFD and Non-SFFD alike. 

As of 6/4/2021, the rate bump applies to:

• Tiered Savings Accounts
• Educational Savings Accounts
• Term Certificates
• Jumbo Term Certificates
• IRA Term Certificates (All Types Of IRAs, All Terms Of Certificates)