Personal and Home Loans For Teachers

California Credit Union offers several specialized loan options specifically for educators and school staff, including:

• Home loans for teachers: Our mortgage loans for teachers include an educator rate discount of .25% on first mortgage loans for purchases³. These loans help teachers become homeowners with terms that work for them
• 0% APR Classroom Class Loan¹: This specialized financing option allows teachers to borrow $500 for classroom supplies with no credit report required. First payments can be deferred up to 45 days², making it easier to manage your budget at the start of the school year.
• 0% APR Gear Up Loan¹: Designed specifically for school support staff like custodians, maintenance workers, cafeteria staff, coaches, bus drivers and other school employees, this loan provides $500 for required work uniforms with a 12-month term and no credit check.
• Prime Plus Line of Credit: This revolving line of credit offers up to $50,000 with low variable rates and monthly payments. With no collateral required, this personal loan for teachers is an excellent option for those pursuing additional education or certification 

Note: All loans for teachers require proof of employment with a qualified California school.

To qualify for our specialized loans for teachers, applicants typically need: 

• Proof of employment with a qualified California public or private school
• Regular employment status (full-time or part-time positions generally qualify)
• Acceptable credit history and debt-to-income ratio
• For mortgage loans for teachers, standard home loan requirements also apply

Supporting documentation like pay stubs, employment verification letters or school IDs may be required during the application process.

Yes! Educators and other qualified California public and private school employees can receive a rate discount of .25% on a first mortgage loan for purchase³ only. This special discount makes home loans for teachers more affordable, potentially saving thousands over the life of your loan. Our loan experts can help you decide which loan options are right for you and calculate your potential savings with this educator discount.

While standard personal loans are available to anyone who qualifies based on credit and income, loans for teachers are different in several ways: 

• Special rates: Teacher loans often feature discounted interest rates not available to other borrowers
• Flexible terms: Repayment schedules that accommodate the academic calendar and teacher pay schedules
• Specialized understanding: Loan officers who understand the unique financial situations of educators

Personal loans for teachers combine the accessibility of standard personal loans with these educator-specific advantages.

Teacher loans offer numerous advantages designed specifically for educators’ unique needs:

• Mortgage rate discount: Qualified educators and school employees receive a .25% rate discount on first mortgage loans³ (purchases only), making homeownership more affordable. This discount can significantly reduce the total cost of mortgage loans for teachers over time
• Classroom assistance: California Credit Union understands that teachers often spend their own personal money on school supplies. We also offer resources on financial literacy to help manage your expenses
• Uniform assistance: For school support staff requiring specific work attire, our 0% APR Gear Up Loan¹ provides $500 specifically for uniforms
• Credit union perks: Beyond loans, teacher members enjoy additional benefits, including better rates on savings accounts, access to financial counseling, educational resources on creating a budget and specialized services like our summer savings account for school employees to help manage income during school breaks

Additionally, as a member of a credit union rather than a traditional bank, you’ll experience the benefits of a credit union, which include more personalized service and being part of a financial institution that prioritizes member needs over profits.

Ready to get started with a teacher loan? Here’s what you’ll need to do:

1. Pick how you want to apply: Visit a local branch, give us a call, or use our online application
2. Gather your paperwork: Have your school ID or employment verification, recent pay stubs, ID, and financial information handy
3. Fill out your application: The process is quick whether you’re looking for home loans for teachers or classroom supply funding
4. Talk with our team: Our loan specialists understand what teachers need and can help find your best options
5. Get your answer: We’ll review your application quickly, keeping in mind your status as an educator

We’re ready to guide you through every step, explaining the differences between options like credit union vs. bank loans and helping you find ways to save throughout the loan process.