Your home is so much more than a mortgage. We’d love to have the opportunity to walk you through the process to make sure you’re provided with options that fit your budget. You’ll be surprised by the different programs that are available. Whether you’re looking to purchase your first home, are ready to move up, or would like to refinance your current loan, we are ready to help! Visit our Virtual Mortgage Center to start the process/
You can also call us at (866) 459-2345, Option 3 to start the process.
Want to remodel your home? Maybe add a room? Upgrade your furniture and appliances? Payoff high-rate credit cards? Whatever your purpose may be, our NO COST HELOC* can help you save money! And when we say no-cost, it means that you won’t have to pay for appraisal, title, recording, credit report, and all those other fees! You may even have tax advantages when you use your home as a source to pay for special projects.
- Draw period for 10 years
- No annual fee
- Maximum loan to value @ 80%
- Maximum line of credit @ $ 100,000
- 20 year amortization after the draw period
- Floor rate as low as 6.50% APR (Maximum Ceiling Rate @ 15% APR)
*APR: Annual Percentage Rate. No-cost promotion on home equity loan is subject to change without notice. Early termination fee of $500 will apply if the line of credit is voluntarily closed within 36 months from the time of funding. After the 12-month introductory period, rate will be adjusted semi-annually based on the published Wall Street Journal Prime Index Rate, plus the margin ranging from 1.25% – 3.50%. As of 3/16/2020, Prime Rate is 3.25% + margin as low as 1.25% = 4.50% APR. Payment example: $126.57 with $20,000 borrowed – interest and principal payment for 240 months. Schools Federal Credit Union does business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Additional restrictions may apply. Consult your tax advisor. Actual rate and terms will vary based on the borrower(s) credit qualifications. Rates and offer are subject to change without notice.. Third party fees may apply.
All loans subject to credit approval. Actual rate on your loan request may vary based on your credit qualifications and loan characteristics. Rates and Products are subject to change at any time. Call our experienced, professional Home Mortgage Loan Officer at (866) 459-2345 ext 357, Monday-Friday 8:30 a.m. – 5:00 p.m. for additional information on LTV’s, rate buy-downs and specific loan options. Jumbo Fixed Rate Loans over $548,251 and up to $2 Million