SCCU Jumbo Loans
In the market for that “once in a life time” dream house? Does your dream translate into a loan that’s larger than the conventional loan limit of $417,000? If you can make a large down payment and pay all your closing costs up front, you will get a lower rate by staying below this $417,000 limit. However, if your financing needs are greater, a Jumbo loan may be the right choice.
For All Fixed Rate Mortgages
For example, a 30–year fixed rate loan for $200,000 with a 6.000% interest rate (6.336% APR) would require 360 monthly principal and interest payments of $1,199.11. Taxes and insurance escrows are not included. Other rates and terms are available. The terms used in this example are for illustrative purposes only and the actual terms you receive may be different depending on your individual circumstances. Loans with longer terms may increase the total number of monthly debt payments, as well as the aggregate amount paid over the mortgage term as compared to loans with shorter terms.
Application fees apply.
Mortgage loans are originated by Space Coast Credit Union, and are subject to credit approval, verification and collateral evaluation. Programs, rates, terms and conditions are subject to change without notice. Certain restrictions apply.
