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Mortgage Rates

Fixed Rate Conventional Mortgage Interest Rates

Effective Date: August 03, 2020
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Term Interest Rate APR* Example Loan Amount Example Monthly Payment
10 Years - Purchase or Refi 2.375% 2.583% $200,000 $1,874.05
15 Years - Purchase 2.500% 2.643% $200,000 $1,333.58
15 Years - Refinance 2.625% 2.768% $200,000 $1,345.38
20 Years - Purchase or Refi 3.000% 3.112% $200,000 $1,109.20
30 Years - Purchase 3.000% 3.079% $200,000 $843.21
30 Years - Refinance 3.125% 3.204% $200,000 $856.75

HOME LOANS:  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. 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. 

Jumbo Mortgage Interest Rates

Effective Date: August 03, 2020
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Term Interest Rate APR* Example Loan Amount Example Monthly Payment
10 Years 2.500% 2.581% $515,000 $4,854.90
15 Years 2.625% 2.680% $515,000 $3,464.35
20 Years 3.125% 3.168% $515,000 $2,888.51
30 Years 3.125% 3.156% $515,000 $2,206.13
HOME LOANS:  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. 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. 

Adjustable Rate Home Equity Line of Credit (HELOC) Interest Rates

Effective Date: August 03, 2020
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Term 12 Month Intro Rate APR* "As Low As" Thereafter APR* "As Low As"
Principal-and-Interest Option
7 year draw / 7 year repayment period
1.99% 3.00%
Interest-Only Option
10 year draw / 10 year repayment period
3.75% 3.75%

Special Introductory Rate valid on Principal-and-Interest HELOC for 12 months. Thereafter, the HELOC will have a Variable Rate feature as described below. Introductory rate not available on Interest-Only HELOC.

Your actual interest rate will be based on the available equity in your home, the amount of your loan, your credit history, and product chosen. Other programs, rates, and terms may be available. Approval is subject to our usual credit criteria. Proof of homeowner’s insurance sufficient to cover all outstanding mortgages, including your SCCU equity loan, and any other obligations secured by the home and property, is required. Certain restrictions may apply.

No Closing Costs (Home Equity Loans): SCCU will waive typical third-party fees associated with closing a Home Equity loan, such as appraisal, photo inspection, recording, state tax stamps, title exam, and title insurance. Must be primary residence. Available on loans up to $250,000. For Fixed-Rate Home Equity Loans (2nd Mortgages) in the first lien position, valued at $50,000 or more, waived costs do not include prepaid escrow amounts. Additional fees may apply for loans over $100K, and/or for special Deed preparation requirements.

You must already be a member of the credit union, or establish membership, which requires a one-time $5 deposit to open and maintain a regular savings account. Offers and rates subject to change at any time.

Current Prime Rate is 3.25%
 
Principal-and-Interest HELOC
As low as Prime minus 0.50% w/floor (minimum rate) of 3.00% and ceiling (maximum rate) of 18.00%
Term: 14 years, the first 7 years you may draw against/utilize the credit line similar to that of a credit card and are required to make a monthly payments equal to 1.5% of your outstanding balance, with a $100 minimum. During these first 7 years, like a credit card, as you pay your outstanding balance your available credit will be replenished and may be drawn against/utilized again. Your available credit equals maximum credit line minus total outstanding balance. During the final 7 years you may no longer draw against/utilize the credit line. Whatever balance remains at the end of the first 7 years must be paid in monthly installments. Required monthly payment equals 1.5% of the prior month's balance, with a $100 minimum payment. There is a possibility of a balloon payment at the end of the repayment period. Once the monthly minimum payment due is satisfied, you may choose to make additional payments toward the principal. The interest rate is still variable, thus monthly payments will vary depending on the current interest rates. However, as an option you may refinance to renew your credit line or convert to a fixed home equity loan.
 
Interest-Only HELOC
As low as Prime plus 0.25% w/floor (minimum rate) of 3.75% and ceiling (maximum rate) of 18.00%
Term: 20 years, first 10 years you may draw against/utilize the credit line similar to that of a credit card and are required to make minimum monthly payments equal to accrued monthly interest determined by the current interest rate and your outstanding balance. During these first 10 years, if you choose to pay more than your interest-only payment, thus lowering your outstanding balance like a credit card, your available credit will be replenished and may be drawn against/utilized again. Your available credit equals maximum credit line minus total outstanding balance. During the final 10 years you may no longer draw against/utilize the credit line. Whatever balance remains at the end of the first 10 years must be paid in monthly installments. Each monthly payment includes principle and interest, and equals 1.5% of the prior month's balance, with a $100 minimum payment. There is a possibility of a balloon payment at the end of the repayment period. Once the monthly minimum payment due is satisfied, you may choose to make additional payments toward the principal. The interest rate is still variable, thus monthly payments will vary depending on the current interest rates. However, as an option you may refinance to renew your credit line or convert to a fixed home equity loan.

Fixed 2nd Mortgage Interest Rates

Effective Date: August 03, 2020
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Term Rate "As Low As" APR* "As Low As" Example Loan Amount Example Monthly Payment
0 to 60 Months 4.740% 4.740% $25,000 $468.81
61 to 120 Months 5.240% 5.240% $25,000 $474.53
121 to 180 Months 5.740% 5.740% $25,000 $207.47
181 to 240 Months 5.990% 5.990% $25,000 $178.96
Your actual interest rate will be based on the available equity in your home, the amount of your loan, your credit history, and product chosen. Other programs, rates, and terms may be available. Approval is subject to our usual credit criteria. Proof of homeowner’s insurance sufficient to cover all outstanding mortgages, including your SCCU equity loan, and any other obligations secured by the home and property, is required. Certain restrictions may apply. 

No Closing Costs (Home Equity Loans): SCCU will waive typical third-party fees associated with closing a Home Equity loan, such as appraisal, photo inspection, recording, state tax stamps, title exam, and title insurance. Must be primary residence. Available on loans up to $250,000. For Fixed-Rate Home Equity Loans (2nd Mortgages) in the first lien position, valued at $50,000 or more, waived costs do not include prepaid escrow amounts.

You must already be a member of the credit union, or establish membership, which requires a one-time $5 deposit to open and maintain a regular savings account. Offers and rates subject to change at any time.
 

VA Home Loan Interest Rates

Effective Date: August 03, 2020
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Term Interest Rate APR* Example Loan Amount Example Monthly Payment
15 Years 2.500% 2.643% $200,000 $1,333.58
30 Years 3.000% 3.079% $200,000 $843.21
VA Home Loans are available to eligible service members, veterans and surviving spouses. Up to 100% financing is available. At closing, member will be responsible for any closing costs, prepaid escrow reserves, and any optional discount points.

HOME LOANS:  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. 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. 

FHA Home Loan Interest Rates

Effective Date: August 03, 2020
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Term Interest Rate APR* Example Loan Amount Example Monthly Payment
15 Years 2.500% 2.643% $200,000 $1,333.58
30 Years 3.000% 3.079% $200,000 $843.21
HOME LOANS:  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. 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. 
 

No Closing Costs Home Loan Interest Rates

Effective Date: August 03, 2020
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Term Interest Rate APR* Example Loan Amount Example Monthly Payment
15 Years - Purchase 2.875% 3.019% $200,000 $1,369.17
15 Years - Refinance 3.000% 3.145% $200,000 $1,381.16
30 Years - Purchase 3.375% 3.455% $200,000 $884.19
30 Years - Refinance 3.500% 3.581% $200,000 $898.09
No Closing Costs Option: Certain restrictions apply.  Available on select purchase and refinance home loans. Must be primary residence. Rate adjustment will be applied to current rates. Rates subject to change. Example rates, loan amounts and monthy payments shown above are based on current 30-year Conventional Fixed Rate Loan; ask your SCCU representative for examples on other available No Closing Costs loan options.

You’ll still need to make your down payment, and pay reserves (including optional discount points, if you choose), but SCCU will cover your third-party charges and waive our loan origination fees.  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. 

HOME LOANS:  Mortgage loans are originated by Space Coast Credit Union, and are subject to credit approval, verification and collateral evaluation. These mortgage loan programs constitute first mortgage liens secured by the home and property. Programs, offers, rates, terms, and conditions are subject to change or cancellation without notice. Certain restrictions apply.
 

Construction Loans

Effective Date: August 03, 2020
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Term Interest Rate APR* Example Loan Amount Example Monthly Payment
10 Years 2.750% 2.960% $200,000 $1,908.22
15 Years 2.875% 3.019% $200,000 $1,369.17
20 Years 3.375% 3.488% $200,000 $1,147.11
30 Years 3.375% 3.455% $200,000 $884.19
SCCU construction loans are construction-to-permanent loans, with a 12-month construction period. Once construction is complete, final inspection has cleared, and certificate of occupancy (CO) has been received, the loan automatically converts from construction to the permanent loan that the member selected prior to beginning construction. If construction extends past the 12-month initial period, the rate lock will expire and the rate will be reset at the higher of current rate or the initial lock-in rate. SCCU may agree to make an exception and extend the construction phase of the loan. Any such extension may result in changes in to the rate, payment amounts, and closing costs.

During construction phase, SCCU makes payments to the builder at certain key points during construction. During this period, member loan payments are interest-only, based on the total amount of money that has been advanced by SCCU to the builder. The payments to the builder are contingent upon passing required inspections. During this phase, the interest-only payments will vary monthly, depending upon the total amount paid to the builder at the time of each payment calculation. Payment examples above are given for the permanent phase of the loan only, and do not include the interest-only construction phase payments. At initial closing, SCCU collects $1,400 to cover the costs of inspections and builder disbursement. Any funds remaining after CO is issued will be refunded to the member. If actual disbursement charges are greater than $1,400, the member will not be charged above the initial $1,400.

Condo Loans

Effective Date: August 03, 2020
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Term Interest Rate APR* Example Loan Amount Example Monthly Payment
10 Years 2.625% 2.834% $200,000 $1,896.79
15 Years 2.750% 2.894% $200,000 $1,357.24
20 Years 3.250% 3.363% $200,000 $1,134.39
30 Years 3.250% 3.330% $200,000 $870.41

Auto/Vehicle Rates

Auto Loan Purchase Interest Rates

Effective Date: August 17, 2020
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Payment Period Purchase APR* "As Low As" Minimum Loan Amount Payment per $1,000
Up to 36 Months 1.89% No minimum loan amount $28.59
Up to 48 Months 3.24% No minimum loan amount $22.24
Up to 60 Months 3.24% $10,000 $18.08
Up to 66 Months 3.39% $10,000 $16.63
Up to 72 Months 3.54% $12,000 $15.44
Up to 75 Months 4.09% $15,000 $15.13
Up to 78 Months 4.39% $25,000 $14.76
Up to 84 Months 4.79% $30,000 $14.04
Rates shown are fixed Annual Percentage Rates for vehicle model years 2017 and newer. Rates are subject to change. Your actual rate and terms are affected by your creditworthiness, term selected, vehicle type, and model year. Certain restrictions apply. You may be asked to furnish a down payment. Florida loans are subject to Documentary Stamp Tax. The tax amount is not included in the quoted APR.

Auto Loan Refinance Interest Rates

Effective Date: October 01, 2020
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Payment Period Refinance APR* "As Low As" Minimum Loan Amount Payment per $1,000
Up to 36 Months 1.89% No minimum loan amount $28.59
Up to 48 Months 3.24% No minimum loan amount $22.24
Up to 60 Months 3.24% $10,000 $18.08
Up to 66 Months 3.39% $10,000 $16.63
Up to 72 Months 3.54% $12,000 $15.44
Up to 75 Months 4.09% $15,000 $15.13
Up to 78 Months 4.39% $25,000 $14.76
Up to 84 Months 4.79% $30,000 $14.04
Rates shown are fixed Annual Percentage Rates for vehicle model years 2017 and newer. Rates are subject to change. Your actual rate and terms are affected by your creditworthiness, term selected, vehicle type, and model year. Rates only apply to refinances of non-SCCU auto loans. You may be asked to furnish a down payment. Florida loans are subject to Documentary Stamp Tax. The tax amount is not included in the quoted APR. Certain restrictions apply. 

Alternative Vehicle Rates

Effective Date: July 26, 2019
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Type Payment Period APR* "As Low As" Payment per $1,000
Motorcycles and Scooters 2017-2021 36 Months
Term determined by loan amount
3.74% $29.41
Motorcycles and Scooters 2014-2016 36 Months
Term determined by loan amount
3.99% $29.52
Motorcycles and Scooters 2013 & Older 48 Months
Term determined by loan amount
9.00% $24.89
Rates shown are fixed Annual Percentage Rates and subject to change. Your actual rate and terms are affected by your creditworthiness, term selected, vehicle type, and model year. Certain restrictions apply. You may be asked to furnish a down payment. Florida loans are subject to Documentary Stamp Tax. The tax amount is not included in the quoted APR.

Scooters: Engine size of 50cc’s or greater will be treated as a motorcycle loan. Anything less than 50cc’s will be considered a signature loan.

Boat Loans and RV Loan Rates

Effective Date: March 18, 2020
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Type Payment Period APR* "As Low As" Payment per $1,000
Boats, Watercraft & RVs Up to 240 Months
Term determined by loan amount
4.49% $6.32
Rates shown are fixed Annual Percentage Rates and subject to change. Your actual rate and terms are affected by your creditworthiness, term selected, vehicle type, and model year. Certain restrictions apply. You may be asked to furnish a down payment. Florida loans are subject to Documentary Stamp Tax. The tax amount is not included in the quoted APR.

Deposit Rates

Free Checking Account Interest Rates

Effective Date: October 01, 2020
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Interest Rate APY^
0% 0%
The APY (Annual Percentage Yield) is a percentage rate that reflects the total amount of interest paid on the account, based on the interest rate and the frequency of compounding for a 365-day period.

Interest Checking Account Interest Rates

Effective Date: October 01, 2020
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Balance Interest Rate APY^
$0 - $4,999.99 0.05% 0.05%
$5,000 - $49,999.99 0.07% 0.07%
$50,000 and over 0.10% 0.10%
Minimum average daily balance required for some accounts. Rates are accurate as of the effective date displayed, and they are subject to change. The APY (Annual Percentage Yield) is a percentage rate that reflects the total amount of interest paid on the account, based on the interest rate and the frequency of compounding for a 365-day period. Fees may reduce earnings on the account.
 

Student Checking Account Interest Rates

Effective Date: October 01, 2020
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Interest Rate APY^
0% 0%
The APY (Annual Percentage Yield) is a percentage rate that reflects the total amount of interest paid on the account, based on the interest rate and the frequency of compounding for a 365-day period.

Savings Account Interest Rates

Effective Date: October 01, 2020
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Balance Interest Rate APY^
$0 - $499.99 0.05% 0.05%
$500 - $99,999.99 0.05% 0.05%
$100,000 and over 0.05% 0.05%
Minimum average daily balance required for some accounts. Rates are accurate as of the effective date displayed, and they are subject to change. The APY (Annual Percentage Yield) is a percentage rate that reflects the total amount of interest paid on the account, based on the interest rate and the frequency of compounding for a 365-day period.

There are no transaction limitations on your savings account at this time. As of April 24, 2020, the Federal Reserve Board temporarily suspended Reg D until further notice.
 

Money Market Savings Account Interest Rates

Effective Date: October 01, 2020
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Balance Interest Rate APY^
$0 - $2,499.99 0.00% 0.00%
$2,500 - $9,999.99 0.05% 0.05%
$10,000 - $24,999.99 0.07% 0.07%
$25,000 - $49,999.99 0.10% 0.10%
$50,000 - $99,999.99 0.12% 0.12%
$100,000 - $249,999.99 0.15% 0.15%
$250,000 and over 0.20% 0.20%

Minimum average daily balance required for some accounts. Rates are accurate as of the effective date displayed, and they are subject to change. The APY (Annual Percentage Yield) is a percentage rate that reflects the total amount of interest paid on the account, based on the interest rate and the frequency of compounding for a 365-day period.

There are no transaction limitations on your Money Market Savings account at this time. As of April 24, 2020, the Federal Reserve Board temporarily suspended Reg D until further notice. Fees could reduce earnings on the account.  

My Way Savings Account Interest Rates

Effective Date: October 01, 2020
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Balance Interest Rate APY^
$0 - $499.99 0.05% 0.05%
$500 - $99,999.99 0.05% 0.05%
$100,000 and over 0.05% 0.05%
Minimum average daily balance required for some accounts. Rates are accurate as of the effective date displayed, and they are subject to change. The APY (Annual Percentage Yield) is a percentage rate that reflects the total amount of interest paid on the account, based on the interest rate and the frequency of compounding for a 365-day period.
 
There are no transaction limitations on your savings account at this time. As of April 24, 2020, the Federal Reserve Board temporarily suspended Reg D until further notice.

Youth Savings Account Interest Rates

Effective Date: October 01, 2020
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Balance Interest Rate APY^
$0 - $499.99 0.05% 0.05%
$500 - $99,999.99 0.05% 0.05%
$100,000 and over 0.05% 0.05%
Minimum average daily balance required for some accounts. Rates are accurate as of the effective date displayed, and they are subject to change. The APY (Annual Percentage Yield) is a percentage rate that reflects the total amount of interest paid on the account, based on the interest rate and the frequency of compounding for a 365-day period.
 
There are no transaction limitations on your savings account at this time. As of April 24, 2020, the Federal Reserve Board temporarily suspended Reg D until further notice.

Christmas Club Account Interest Rates

Effective Date: October 01, 2020
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Interest Rate APY^
0.10% 0.10%
Minimum average daily balance required for some accounts. Rates are accurate as of the effective date displayed, and they are subject to change. The APY (Annual Percentage Yield) is a percentage rate that reflects the total amount of interest paid on the account, based on the interest rate and the frequency of compounding for a 365-day period.

There are no transaction limitations on your savings account at this time. As of April 24, 2020, the Federal Reserve Board temporarily suspended Reg D until further notice.

Health Savings Account Interest Rates

Effective Date: October 01, 2020
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Interest Rate APY^
0.50% 0.50%
^APY = Annual Percentage Yield. Fees may reduce earnings on the account.

IRA Savings Account Interest Rates

Effective Date: October 01, 2020
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Balance Interest Rate APY^
$0 - $49,999.99 0.10% 0.10%
$50,000 - $249,999.99 0.15% 0.15%
$250,000 and over 0.20% 0.20%
Consult your tax advisor for specific tax advantages related to Individual Retirement Accounts. 

Rates are accurate as of the effective date displayed, and they are subject to change. The APY (Annual Percentage Yield) is a percentage rate that reflects the total amount of interest paid on the account, based on the interest rate and the frequency of compounding for a 365-day period. Fees may reduce earnings on the account.
 

CDs

CD Interest Rates

Effective Date: August 14, 2020
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Term Interest Rate APY^ Min. Average Daily Balance to Earn APY^
6 Months 0.25% 0.25% $500
12 Months 0.35% 0.35% $500
18 Months 0.40% 0.40% $500
24 Months 0.45% 0.45% $500
30 Months 0.55% 0.55% $500
36 Months 0.65% 0.65% $500
42 Months 0.70% 0.70% $500
48 Months 0.75% 0.75% $500
54 Months 0.85% 0.85% $500
60 Months 0.95% 0.95% $500
CD Account rates are accurate as of the date indicated and are subject to change at any time. The minimum deposit required is $500 for all terms. CD must be fully funded at time of opening. The minimum average daily balance to earn APY (Annual Percentage Yield) is $500. The APY is based on the assumption that interest will remain in the CD Account until maturity. A penalty may be assessed for early withdrawal. Fees may reduce the earnings on the CD Account. Fees may reduce earnings on the account.

IRA CD Interest Rates

Effective Date: August 14, 2020
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Term Interest Rate APY^ Min. Average Daily Balance to Earn APY^
6 Months 0.45% 0.45% $500
12 Months 0.55% 0.55% $500
18 Months 0.60% 0.60% $500
24 Months 0.65% 0.65% $500
30 Months 0.75% 0.75% $500
36 Months 0.85% 0.85% $500
42 Months 0.90% 0.90% $500
48 Months 0.95% 0.95% $500
54 Months 1.05% 1.05% $500
60 Months 1.15% 1.15% $500
CD Account rates are accurate as of the date indicated and are subject to change at any time. The minimum deposit required is $500 for all terms. CD must be fully funded at time of opening. The minimum average daily balance to earn APY (Annual Percentage Yield) is $500. The APY is based on the assumption that interest will remain in the CD Account until maturity. A penalty may be assessed for early withdrawal. Fees may reduce the earnings on the CD Account. Fees may reduce earnings on the account.

Consumer Loans

Signature Loan Interest Rates

Effective Date: July 26, 2019
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Payment Period APR*
Up to 60 Months As low as 12.50%
Loan rates are subject to change.  Your actual rate and terms are affected by your creditworthiness.  

Share Secured/CD Secured Loan Interest Rates

Effective Date: July 26, 2019
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Type Payment Period APR*
Share Secured Up to 120 Months 3% over current highest declared share savings rate
CD Secured Not to Exceed Maturity Date of CD 2% over your CD rate
Loan rates are subject to change.  Your actual rate and terms are affected by your creditworthiness.