Tech CU Unveils Custom Home Loans

Technology Credit Union, San Jose, Calif., has announced the introduction of a line of customized home loans and lines of credit for California homebuyers and investors.The product line includes the HLPR program, which enables first-time homebuyers to qualify for loans of up to $700,000 with as little as 3% down and no mortgage insurance requirement, Tech CU said. For investors interested in buying a building that includes apartment units and retail space, the Mixed-Use program offers financing of up to $7.5 million on properties with five or more units. Line-of-credit products include Prime Advantage, a one-year fixed-rate home equity line of credit designed to offer peace of mind amid rising interest rates, and Apartment Lines of Credit, a stand-alone product aimed at apartment owners seeking to improve cash flow, remodel, or buy new investments. The credit union can be found online at http://www.techcu.com.