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Condo Mortgage Loan: Benefits


Many people enjoy owning a Florida condominium rather than living in a house or renting an apartment. Reduced maintenance, community amenities and close proximity to popular vacation locations are just some of the benefits that can come with condo living. With up to 95% financing, SCCU makes obtaining a condo mortgage easier than ever before.

  • Smaller floor plans available for those who don’t need a lot of space
  • Desirable city location or popular vacation destination
  • More reasonable price compared to single family home
  • Community amenities such as pool and fitness center
  • Reduced maintenance
  • You can earn a rebate when you work with any Realtor in our HomeAdvantage program! The rebate can be used to reduce your closing costs or be delivered as cash back after closing.+

Shopping for the perfect condo? SCCU has a condo mortgage that is right for you.1

  • No application fee and our exclusive interest rate guarantee2
  • No intangible taxes
  • Up to 95% financing for primary residences – only 5% down payment!3
  • Up to 90% financing (only 10% down) for second homes and vacation properties
  • 15- or 30-year fixed rate terms available
  • 3/1, 5/1, or 7/1 adjustable rate mortgage options
  • Jumbo Loans available for condo loans over $424,000 with up to 75% financing

APPLY NOW

Or Call Express Sales Today:

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



Important disclosures, payments, assumptions, and APR information

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.

1Specific underwriting guidelines and criteria must be met in order to qualify.

2Mortgage 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.

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.
 
+The HomeAdvantage program, along with its features and benefits, is available to you through a joint relationship between your credit union and CU Realty Services. In order to earn a rebate, buyers and sellers must use one of the real estate agents in the approved HomeAdvantage agent network. Rebate amounts will vary depending on the price of the house sold or purchased, and the commissions paid out to the agent. Rebates are available in most states. Please contact SCCU for more 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, Collier, Flagler, Indian River, Lake, Lee, Manatee, Marion, Martin, Miami-Dade, Monroe, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Polk, Putnam, Seminole, St. Johns, St. Lucie, Sumter, or Volusia Counties in Florida.

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

*APR = Annual Percentage Rate. ^APY = Annual Percentage Yield.

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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.