Space Coast Credit Union Mortgages
A brief summary of Space Coast Credit Union's mortgage loan programs.
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Click on any of the loan programs below to view additional program information:
Fixed Rate Home Loans - Terms up to 40 Years
- Interest rate remains fixed throughout the entire loan term
- 10, 15, 20, 30, and 40 year fixed rate terms available
- Click here to learn more
Adjustable Rate Home Loans
- Initial fixed rate that adjusts after a stated time period
- Lower initial monthly payments
- 1/1, 3/1, 5/1, and 7/1 adjustable rate terms available
- Click here to learn more
Mortgage Refinancing
- Lower your rate and save thousands on interest payments and/or get cash out for improvements
- Planning on retiring soon? Retire your mortgage, too!
FHA Home Loans
- Low down payment requirement
- Lower credit score requirement
- Available for home purchases & refinances
- Click here to learn more
HomePath® Mortgage Loans
- Mortgages available for borrowers interested in purchasing Fannie Mae-owned properties 3% down payment
- No lender-requested appraisal
- No private mortgage insurance ¹
- Click here to learn more
Jumbo Home Loans
- For loan amounts greater than $417,000
- Up to 90% financing available*
- No private mortgage insurance requirement
- Fixed and adjustable rates available
- Click here to learn more
Construction Loans
- Close your loan with a fixed rate during construction
- One closing and one set of closing costs
- Minimum loan amount is $50,000
Cost Cutter Loan - No Lender Fees!
- No lender fees
- 15 or 30-year fixed rates available
First Time Homebuyers
- Special home buying program for first time homeowners with good credit, stable income, but little savings
Lot Loans
- Financing for buildable residential lots
- Click here to learn more
Manufactured Housing Loans
- Specifically designed for Manufactured Homes
- 15 or 30-year fixed rates available
- Click here to learn more
Investment Property Loans
- Loans for non primary residence properties or second homes
- Click here to learn more
Home Equity Loans
- Fixed rate home equity loans
- Home equity lines of credit
- Click here to learn more
Commercial Property Loans
- Owner occupied commercial properties
- Investment properties
- Real Estate development loans
- Commercial mortgage refinancing
- Speak to one of our Business Services Managers for more information and to apply.
MORTGAGES: Mortgage loans are originated by Space Coast Credit Union, and are subject to credit approval, verification and collateral evaluation. Programs, offers, rates, terms, and conditions are subject to change or cancellation without notice. Certain restrictions apply. These mortgage loan programs constitute first mortgage liens secured by the home and property. The down payment is determined by the Loan to Value ratio. (90% LTV = 10% down payment) Loans exceeding 80% of the appraised value of the home require private mortgage insurance. Member responsible for any funds needed for closing costs and pre-paid escrow. Loan to value limits and private mortgage insurance requirements do not apply to HARP loans.
*Conditions apply. Program applies to primary residence, single family detached homes in good condition. Down payment must come from member's own funds. Contact SCCU for complete details.
¹HomePath is a registered trademark of Fannie Mae. Mortgage loans are originated by Space Coast Credit Union, and are subject to credit approval. Mortgage loan programs constitute first mortgage liens secured by the home and property. Space Coast Credit Union does not offer HomePath Renovation Mortgage loans. Ask your SCCU Mortgage Representative for cost details on loans without mortgage insurance.
