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SCCU Routing Number: 263177903
  • SCCU offers a full range of mortgage loan products to fit your needs
  • SCCU

Adjustable Rate Mortgage Home Loan


In addition to standard programs that adjust annually, Space Coast Credit Union offers adjustable rate mortgages (ARM) that provide an initial low, constant rate from three to ten years before the rate adjusts at all.

  • Flexible – Choose the loan that best fits your needs. Additional 3/1, 5/1, and 7/1 adjustable rate terms options allow added payment stability with a lower monthly expense than a standard ARM.
  • Affordable – Take advantage of lower initial payments with the ability to convert to a fixed rate loan.
  • Buying Power – Adjustable rate loans allow for higher loan amount qualifications, which can give you enhanced buying power.

Call Express Sales or apply online today.

Brevard: 321-752-2222 option 3
Broward: 954-704-5000 option 3
Miami-Dade: 305-882-5000 option 3
All Other Areas: 800-447-7228 option 3


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All SCCU Mortgage Loans Feature


  • Fast application process by phone or online, with no application fee. Plus, onsite underwriters for fast decision times.
  • Our exclusive interest-rate guarantee!1 You can relax knowing that if our rates have dropped when it's time to close, we'll pass on the savings!
  • Quick closings with our On-Time Mortgage Closing Guarantee! We'll close your loan in 30 days or less or you receive $1,0002
  • Low rates and closing costs
  • Up to 95% Financing3
  • No intangible tax
  • SCCU servicing for the life of your loan
  • Free Online Banking & Mobile Banking
  • Free Account Alerts to help you manage your accounts



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 your SCCU quoted rate is lower at 12:00pm five days prior to closing and the interest rate lock-in has not expired, SCCU will reduce your rate to the lower rate automatically. Rate guarantee is void if there is a change in property, loan program, loan term, or adjustments to interest rate based on credit score. Other conditions apply, contact SCCU for details.

2On Time Closing Guarantee: Space Coast Credit Union (SCCU) will close your loan within 30 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.

4Adjustable 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.

  • 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.

  • 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.