An FHA Home Loan is a mortgage home loan backed by mortgage insurance from the Federal Housing Administration, and provided by FHA-approved lenders like SCCU. Some of the benefits of an FHA loan from your local Florida credit union mortgage loan provider include:
A good choice for first-time homebuyers who need a low down payment option
Use an FHA loan to purchase a new home or refinance your existing loan
Low down payment requirement and lower premiums
Non-occupant, co-borrowers are permitted
No prepayment penalties
Rebate - 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.+
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
All SCCU Mortgage Loans Feature
Mortgages: 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.
+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 ine if 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.