Costco employees across California — one of the most sought-after workforces by lenders — have access to an exclusive mortgage benefit most never know exists.
The short version: Costco employees typically save 0.5–0.75% off standard market rates. On a $500,000 loan, that's roughly $150–$210/month — every month for the life of the loan.
All active Costco Wholesale employees in California qualify, including warehouse staff, pharmacy and optical employees, management, and corporate staff. Both full-time and part-time employees may qualify.
Not sure if you qualify? Submit a free request at myrateadvisor.com/costco. Your advisor confirms eligibility within 24 hours — no credit pull required.
| Loan Amount | Standard Rate | Costco Employee Rate | Monthly Savings | 30-Year Savings |
|---|---|---|---|---|
| $400,000 | 7.25% | 6.49% | ~$210/mo | ~$75,600 |
| $600,000 | 7.25% | 6.49% | ~$315/mo | ~$113,400 |
| $800,000 | 7.25% | 6.49% | ~$420/mo | ~$151,200 |
Many Costco employees locked in rates of 3%–4% before 2022. California home values are up 40%+ since then. A HELOC or home equity loan lets you access that equity without refinancing your first mortgage — and the Costco employee benefit applies to your HELOC rate too.
Best of both worlds: Keep your 3% first mortgage. Add a HELOC at your Costco employee rate. Your existing rate is never touched.
Fill out the short form at myrateadvisor.com/costco. Under 2 minutes. No credit pull.
Your advisor confirms your Costco employment to unlock your exclusive rate tier.
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