Home Mortgage Loans


Mortgage and Home Equity Loans
Whether you are a first-time homebuyer or you are buying your next home, SCCU offers a variety of mortgage options for your home purchase. Our local decision makers can provide answers for your mortgage questions and provide you with a fast mortgage application and loan closing process.
 

Types of Mortgage Loans

Product Name Benefits Features Recommended For
Conventional Fixed Rate Mortgage
  • 4.1/5
This "traditional" type of loan maintains its original interest rate throughout the entire life of the mortgage loan.

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You want a loan that won’t fluctuate with market rates. APPLY NOW
Adjustable Rate Mortgage
  • 4.6/5
An adjustable rate home loan provides an initial fixed rate that adjusts after a stated time period with lower initial monthly payments.

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You want added payment stability and lower monthly expense. APPLY NOW
Condo Mortgage Loan Flexible condominium mortgage loan with up to 95% financing.

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  • 15- or 30-year fixed rate, or 3/1, 5/1, or 7/1 adjustable rate terms available
  • Mortgage Rates
You want benefits of condo living with a great loan rate. APPLY NOW
FHA Mortgage Loan Mortgage home loan backed by mortgage insurance from the Federal Housing Administration, and provided by FHA-approved lenders like SCCU. 

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You need a lower down payment requirement and premiums. APPLY NOW
VA Mortgage Loan A VA loan is a mortgage loan guaranteed by the U.S. Department of Veterans Affairs (VA). 100% Financing on Purchases – No Down Payment  

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You need a lower down payment requirement and premiums. APPLY NOW
Lot Loan/Construction Loan
  • 3.5/5
Finance a buildable residential lot or close your loan with a fixed rate during construction. 
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You want to build a new home. APPLY NOW
Jumbo Loan A higher mortgage financing option for loans larger than the conventional limit of $417,000. 

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Your mortgage loan financing needs are greater than conventional loan limits. APPLY NOW

All SCCU Mortgage Loans Feature




Mortgages: APR = Annual Percentage Rate. 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.

1Mortgage Interest Rate Guarantee: If the comparable SCCU interest rate is
lower than your original interest rate five (5) business days before the closing and the interest
rate lock-in has not expired, SCCU will reduce the interest rate on your loan 5 business
days prior to closing. This is limited to a reduction of .25 percent. A one-time fee of $75
will be assessed at time of closing if this Price Guarantee is exercised and your rate
is reduced. Other conditions may apply, contact SCCU for details.

2On Time Closing Guarantee: Space Coast Credit Union (SCCU) will close your client’s loan within 45 days from the date our application is signed (or date specified in the purchase contract, whichever is greater), or the borrower will receive $1,000 in the form of a closing cost credit. Closing Guarantee applies to conventional purchase loans where the loan to value (LTV) is 90% or less. Closing Guarantee does not apply to jumbo loans, FHA loans, construction loans, short sale purchases, refinances, or commercial mortgages. Additional restrictions apply. Click here for full details.

3Mortgage Down Payment: Conditions apply. Program applies to primary residence, single family detached homes in good condition and condos meeting program conditions. 5% down payment must come from member's own funds. Contact SCCU for complete details.
 

  • 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.