The SESLOC Credit Union team recently showcased its community impact at the San Luis Obispo Chamber of Commerce “Good Morning SLO” event.
Presenting a new video to local businesses, the team highlighted how the credit union has expanded to serve over 56,000 members across its growing footprint.
Representatives from the credit union had the opportunity to discuss how SESLOC has six branches spanning San Luis Obispo and Northern Santa Barbara County, supporting local jobs and fostering positive saving habits through versatile accounts like Share Savings, HomeFREE Checking, and the Save-to-Win 12-month Share Certificate.
SESLOC has also continually innovated its mortgage pipeline — rolling out special mortgage structures catered to community sectors, including school employees, first responders, and Cal Poly faculty and staff, alongside low-down-payment options requiring as little as 3-percent down.
SESLOC recently launched its premier First-Time Homebuyer Mortgage. Designed specifically for those purchasing their first property — or anyone who has not owned a home in the past three years — this program eliminates traditional financial roadblocks by offering 100-percent financing and removing the requirement for private mortgage insurance (PMI) for qualified borrowers.
Available as a 30-year fixed-rate mortgage, the program provides buyers with the long-term security of a stable rate. The program covers a wide variety of California properties, including single-family residences, condos, townhomes, manufactured homes, planned unit developments (PUDs), or land lots under 10 acres.
True to its commitment to financial literacy, SESLOC is also pairing this mortgage with a required, complimentary First-Time Homebuyer Education course prior to closing. This joins a suite of online resources via their News+ educational platform, featuring targeted guides on budgeting, pre-approval, and determining how much house a buyer can realistically afford.
Additionally, SESLOC recently introduced an agile alternative for aspiring and existing homeowners: the 15-Day Mortgage Close Program.
This new initiative allows organized, responsive buyers to cut traditional closing times by nearly two-thirds, moving from a signed purchase contract to keys-in-hand in just 15 business days. This program serves as a “fast pass” to homeownership, giving buyers substantial purchasing power and making their bids stand out aggressively to sellers.
The program applies to a vast majority of SESLOC home purchases throughout California, covering single-family homes, condominiums, manufactured homes, PUDs, and land loans. Standing firmly behind their speed and service, SESLOC promises that if they do not meet the 15-day deadline, they will issue up to a $650 credit toward the member’s closing costs.
