New loan options & discounts

We’re privileged to serve all active and retired SF Fire Department employees. 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 – and existing members will notice that some benefits have increased.

New Loan Options &  Increased Discounts

SF Fire Credit Union has a long and proud history of serving the member and women of the SF Fire Department, who bravely serve (or served) the people of San Francisco. We are pleased to announce enhancements to our Firefighter Pricing Program with new and increased benefits - including discounted rates on Consumer Loans, HELOCs, and Mortgages.

If you already have a Consumer Loan or a HELOC with us, don't worry: you don't need to do anything to get the increase applied to your existing discount.

For all the details, some quick reference charts, and some FAQs, please check the dedicated website and give us a call, chat, or visit us at a branch with any questions, but here’s an overview:


Home Purchase Options

One option particularly suited for purchasing your new primary residence is the 1st Mortgage and HELOC Purchase Combo Loan Program.

This program allows active and retired SFFD employees to combine a 1st Mortgage with a Home Equity Line of Credit (HELOC) to purchase an owner-occupied home at up to 100% CLTV*. The 1st Mortgage and HELOC will close concurrently in escrow. In other words, you’ll manage to keep the 1st Mortgage amount to 80% of the purchase price without needing to provide a cash down payment.

You’ll also get a 0.50% rate discount on the 1st Mortgage and a 0.50% discount on the HELOC. Additionally, you’ll get the existing Firefighter loan fee discount which is applied to fixed rate and adjustable-rate mortgages.

Refinances, second homes and investment properties are not eligible for this program.

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


* 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 SFFD Employees have a standalone discount of 0.25%  and qualify for an additional 0.25% as part of the Purchase Combo Loan.


First Mortgage Options

Looking to refinance, or just need a 1st Mortgage with no HELOC? You’ll still get a discount on standalone 1st Mortgages, with 0.50% off the interest rate on one active home loan per member (the rate discount would be 0.25% on additional properties). And this discount applies to refinances, second homes, and investment properties, where the 1st Mortgage/HELOC Purchase Combo Loan is solely for purchases of new owner-occupied homes.

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


Home Equity Line of Credit (HELOC) Options

We’ve increased the rate discount on HELOCs available to SFFD employees from 0.10% to 0.25%.

Already have a HELOC? We’re automatically adjusting your discount as of July 16th, 2021, with no action required on your part.

Questions on new or existing HELOCs? Our Real Estate Loan Officers are here to help with any questions.


Real Estate Loan Fees

Firefighter benefits include discounts or waivers on certain fees typically required for Real Estate loans. You’ll pay $295 in Flat Fees for Fixed Mortgages, and $0 for Adjustable Rate Mortgages, compared to a normal fee of $995.


Consumer Loans

You also qualify for discounts on most consumer loans, excluding credit cards. Discounts have increased from 0.10% to 0.25%.

Already have a consumer loan, such as a signature loan? We’re automatically adjusting your interest rate discount in August after your July statement generates. The new discount will apply to future payments.

For questions about your consumer loan options, give us a call at 415.674.4800, Monday - Saturday, 7 AM - 8 PM.

Savings Products

Firefighters qualify for a 0.10% rate bump on certain savings products. This has not changed, and the rate bump is already applied to your qualifying savings accounts.

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)

For questions about your savings accounts, give us a call at 415.674.4800, Monday - Saturday, 7 AM - 8 PM.


We’re Here To Help

We designed the Firefighter Pricing structure to help you reach your financial goals. For all the details, and some FAQs, check out this dedicated page.  For any questions, call our Contact Center at 415.674.4800, Monday through Saturday, 7:00 AM – 8:00 PM. You can also chat with us or stop by the branch.