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Tarjetas de crédito para cada necesidad

Con tasas variables bajas, opciones de pago con billetera digital y sin tarifas anuales, los miembros disfrutan más con una tarjeta de crédito SCCU Visa®.

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Viva al estilo floridano con nuestras opciones de préstamos para condos

Residir en un condo es un estilo de vida en Florida, pero obtener financiamineto para un condo puede ser desafiante. Si desea la conveniencia de vivir en un condo libre de preocupaciones, SCCU ofrece préstamos de condominios flexibles con un pago inicial tan bajo como 3%. Tenemos expertos a su disposición para ayudarle a hacerse camino entre todas esas reglas específicas de los condos, como la ocupación del propietario y directrices de la HOA, y así pueda mudarse antes!

Aplica Ahora

Beneficios del Producto

Plazos y cargos

Up to 30 Years

Application Fees


Pre-payment Penalties


Intangible Tax


Origination Fee

$1,100 plus .25% of loan amount

Condo Loans

Fecha disponible: junio 17, 2024
Aplica Ahora
Término Tasas desde APR* "As Low As" Ejemplo de cantidad del préstamo Ejemplo de pago mensual
10 Años 6.500% 6.781% $200,000 $2,270.96
15 Años 6.625% 6.826% $200,000 $1,755.99
20 Años 7.125% 7.289% $200,000 $1,565.64
30 Años 7.125% 7.251% $200,000 $1,347.44

HOME LOANS: Rates based on creditworthiness. Mortgage loans are originated by Space Coast Credit Union and are subject to credit approval, verification, and collateral evaluation. Special conditions, such as condo property occupancy rate and HOA rules, may apply and will vary based on the selected property. Programs, offers, rates, terms, and conditions are subject to change or cancellation without notice. Certain restrictions apply. Taxes and insurance not included; your actual payment obligation will be higher. 
These mortgage loan programs constitute first mortgage liens secured by the home and property. Your 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. 

Preguntas Frecuentes

At SCCU, borrowers may qualify for financing up to 97% for primary residences, so only a 3% down payment may be required. We also offer condo mortgage loans on certain vacation and second homes with just 10% down.

To learn more about all of the options SCCU offers for condo loans, please request a loan consultation with one of our Home Loan Officers.

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As with FHA condo loans, the entire building or complex must be approved by the Department of Veterans Affairs (VA) before a condo can be purchased with a VA loan. There are additional requirements as well, such as a restriction on financing just-built condo developments that are not at least 75% sold. You can learn more at the VA's website, or reach out to us and an SCCU Home Loan Officer will be happy to help!

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It is possible to obtain condo financing via an FHA loan, but there's one important aspect to consider: FHA loans are available only for units in an FHA-approved condo development. The FHA has these additional requirements as well:

  • The condos in the building or development must be at least 50% occupied by owners.
  • Only a certain percentage of the units can be currently financed by existing FHA loans.
  • Only a certain percentage of the building or development's units can be more than one month delinquent on homeowner's association dues.
  • The condominium complex must have been completed for a minimum of one year with no additional phases or additions pending.

Contact us for more information on your options for condo loans.

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At SCCU, the answer is yes! Qualified buyers can choose from a 10-, 15-, 20-, or 30-year fixed rate or jumbo loan options. SCCU offers a variety of mortgage interest rate options.

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Whether you need financing for a condo, house, or vehicle, SCCU makes the application process as easy as possible. You can easily apply online or reach out to us and an experienced SCCU Home Loan Officer will be happy to help!

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To better understand how condo financing differs from loans on most other types of property, it's important to keep in mind the two sides of financing a property from the lender's point of view. First is the evaluation of your ability to repay the mortgage based on your income, credit, and other factors. Second is a thorough assessment of the property itself.

With a condo, the lender must take factors into consideration that aren't relevant to most other property types, such as:

  • The state of the homeowner's association's finances, including whether it has adequate reserves and whether other owners are paying their fair share through condo fees.
  • The terms in the condo documents, some of which can help lenders assess whether the condo is likely to depreciate rather than appreciate in value over time.
  • How many units are owner-occupied, which may be an indicator of how well the condo will hold its value.

In addition to the above, condo mortgage rates can be higher than the interest rates on single-family homes. If you are considering Fannie Mae, Freddie Mac, or FHA condo financing, there are also certain requirements and standards for both the condo development and its homeowner's association.

To help make the buying process simpler if you're planning to purchase a condo, consider getting pre-qualified for your condo loan with Space Coast Credit Union. Contact us or apply online now.

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Just like with any mortgage, your credit score will be one of the most important factors in getting a condo loan. Because each lender will have its own requirements—and each condominium property is unique—you should check with each lender you're considering. You may need a higher credit score or a more favorable debt-to-income ratio for a condo loan than you would for a single-family home loan because owning a condo can involve additional monthly obligations, such as an HOA payment, that may be a factor in qualifying.

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When you secure your condo loan with SCCU, you don't just become our customer—you become a member! Your membership delivers a wide range of benefits, including Free Online and Mobile Banking60 and access to great credit union interest rates on savings, vehicle loans and more.

You'll also save on closing costs on your condo mortgage loan since, as a non-profit credit union, SCCU is not required to pay Florida Intangible Personal Property Tax. In addition, our condo financing allows for non-resident co-borrowers. We offer up to 97% financing on primary residences and 90% on vacation properties and second homes.

It's easy to get started: apply online or reach out to us, and a Home Loan Officer will be happy to help!

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