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Loan, Credit Card & Deposit Rates


1st Mortgage Loans1

Fixed Rate Conventional Mortgages

Effective date April 24, 2015
Fixed Rate Mortgage Loans1 Rate APR*
10 Year Fixed 2.875% 3.085%
15 Year Fixed - Purchase 3.000% 3.145%
15 Year Fixed - Refinance 3.000% 3.145%
20 Year Fixed 3.75% 3.865%
30 Year Fixed - Purchase 3.750% 3.832%
30 Year Fixed - Refinance 4.000% 4.083%
30 Year MCM 4.125% 4.209%
*APR = Annual Percentage Rate. Rates are subject to change without notice.
 

HARP Mortgages

Effective date April 24, 2015
HARP Loans1 Rate APR*
15 Year DU Refi Plus 3.250% 3.396%
15 Year DU Refi Plus (Greater than 125% ltv) 3.250% 3.396%
30 Year Fixed HARP (105.01% ltv to 125% ltv) 4.000% 4.083%
30 Year Fixed HARP (Greater than 125% ltv) 4.000% 4.083%
*APR = Annual Percentage Rate. Rates are subject to change without notice.
 

Jumbo Mortgages

Effective date April 24, 2015
Jumbo Loans1 Rate APR*
5/1 ARM 2.875% 2.953%
10 Yr Fixed 3.000% 3.211%
15 Yr Fixed 2.875% 3.019%
20 Yr Fixed 3.625% 3.739%
30 Yr Fixed 3.625% 3.707%
*APR = Annual Percentage Rate. Rates are subject to change without notice.
 

FHA Mortgages

Effective date April 24, 2015
FHA Loans1 Rate APR*
FHA 30 Yr Fixed 4.000% 4.083%
Discount Points Paid by Member 1.000
FHA 30 Yr Fixed 4.000% 4.083%
Discount Points Paid by Member 0.000
*APR = Annual Percentage Rate. Rates are subject to change without notice.

 

VA Mortgages

VA Loans1 Rate APR*
VA 15 Yr Fixed 2.875% 3.019%
Discount Points Paid by Member 1.000  
VA 15 Yr Fixed 2.875% 3.019%
Discount Points Paid By Member 0.000  
VA 30 Yr Fixed 4.000% 4.083%
Discount Points Paid by Member 1.000  
VA 30 Yr Fixed 4.000% 4.083%
Discount Points Paid by Member 0.000  
   *APR = Annual Percentage Rate. Rates are subject to change without notice.
 

Adjustable Rate Mortgage Loans2

Adjustable Rate Mortgages

Effective date April 24, 2015
Adjustable Rate Mortgage Loans1 Rate APR*
1/1 Adjustable Rate 2.000% 2.074%
3/1 Adjustable Rate 2.500% 2.577%
5/1 Adjustable Rate 2.875% 2.953%
7/1 Adjustable Rate 3.750% 3.832%
5/10 One Step ARM 2.875% 2.953%
*APR = Annual Percentage Rate. Rates are subject to change without notice.



Adjustable Rate 2nd Mortgages (Lines of Credit)

LTV up to and including 80%
Equiline APR 'as low as'*
Prime - 0.50 3.00%
Prime + 0.00 3.25%
Prime + 0.50 3.75%
Prime + 1.50 4.75%
Prime + 2.50 5.75%
Prime + 3.50 6.75%
*APR = Annual Percentage Rate. Rates are subject to change without notice.


Home Equity Loans3

 

Fixed 2nd Mortgages

LTV up to and including 80% ($5,000 to $25,000)  Rates as low as APR 'as low as' *
Term APR 'as low as' *
0 to 60 Months 4.50%
61 to 120 Months 5.25%
121 to 180 Months 5.75%
181 to 240 Months 6.99%
LTV up to and including 80% ($25,000 and over)  Rates as low as
0 to 60 Months 3.75%
61 to 120 Months 4.25%
121 to 180 Months 4.75%
181 to 240 Months 5.99%
*APR = Annual Percentage Rate. Rates are subject to change without notice.

 

Interest Only 2nd Mortgages (Lines of Credit)

LTV up to and including 70%
Equiline APR 'as low as'*
Prime +.25 3.75%
Prime + 0.75 4.00%
Prime + 1.25 4.50%
Prime + 2.25 5.50%
Prime + 3.25 6.50%
Prime + 4.25 7.50%
*APR = Annual Percentage Rate. Rates are subject to change without notice.

1MORTGAGES:  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.

2Adjustable Rate Mortgage (ARM) Features:
  • Treasury Indexed ARM Interest and payment adjustment occurs every 12 months after initial fixed rate period
  • Rate caps = 2% at first adjustment, 2% per annual adjustment there after and 5% over the lifetime of the loan
  • Index = 1 yr. t-bill
  • Margin = 2.75%

Adjustable Rate Loan Example: For example, on a 5/1 1-Year Constant Maturity Treasury Index (1-Year CMT) Adjustable Rate Mortgage (ARM), the interest rate and payment are fixed for the first five years of the loan. The interest rate and payment may adjust every twelve months thereafter and may not increase or decrease more than 2.0% at each twelve-month adjustment. The interest rate cannot increase more than 5% over the term of the loan. For a 5/1 1-Year CMT ARM for $200,000 with a 30-year term and an initial interest rate of 5.698% APR, repayment will consist of 60 monthly payments of $1,119.95. If the interest rate were to increase by the maximum five percentage points to 10.698% APR, then the monthly payment would increase from $1,119.95 to a maximum of $1,726.62 in the fifth year. 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.

3HOME EQUITY LOANS: Your interest rate will be based on the available equity in your home, the amount of your loan, your credit history, and product chosen. Other programs, rates, and terms may be available. Approval subject to our usual credit criteria and clear title.

All decisions to grant credit will be based on an evaluation of your credit history and available equity in your home. Your interest rate will be based on the available equity in your home, the amount and term of your loan, and credit score.

For adjustable rate equity lines the Annual Percentage Rate (APR) varies monthly and is based on the value of an index plus a margin. The index is equal to the highest prime rate published in the Wall Street Journal “Money Rates” table on the last business day of each month of each year. Rates are subject to increase after consummation.

No application fee. Rates subject to change without notice. Proof of home owner's insurance sufficient to cover all outstanding mortgages, including your SCCU equity loan will be required. Some restrictions may apply.

Rates subject to change without notice.

Proof of home owner's insurance sufficient to cover all outstanding mortgages, including your SCCU equity loan will be required. Some restrictions may apply.
 

  • SCCU Routing Number: 263177903
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Space Coast Credit Union membership is open to all who work or live in Brevard, Broward, Flagler, Indian River, Martin, Miami-Dade, Monroe, Orange, Osceola, Palm Beach, Seminole, St. Johns, St. Lucie, or Volusia Counties in Florida.
*APR = Annual Percentage Rate. ^APY = Annual Percentage Yield.

  • Brevard: 321-752-2222
  • Broward: 954-704-5000
  • Miami-Dade: 305-882-5000
  • All Other Areas: 800-447-7228

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Member Rewards

Member Rewards is an exclusive Space Coast Credit Union program that provides benefits such as free or discounted services based on your level of participation in the credit union.

  • Gold members may order one FREE box of SCCU logo checks per year.
  • Platinum members may order unlimited FREE boxes of SCCU Exclusive Style checks (one box at a time).
Learn more about the Member Rewards program.