Other Mortgages - Suncoast Schools Federal Credit Union

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• Payroll deduction or automatic transfer of your loan payment makes bill paying much easier and lower interest rates may be available on many products with this payment option.

Other Mortgages

Residential Lot Loans

Maximum available loan amount of $100,000.
Maximum Loan-to-Value (LTV) 60% of purchase price or appraisal, whichever is less.
Adjustable and fixed rate available.
For all mortgage types, properties will be limited to a maximum of 5 acres. Properties with more than 5 acres are subject to a pricing premium of 1%.
Residential Lot loans can only be used for future home construction within the first twelve (12) months for primary residence or second/vacation homes after which the rate will increase by 1% for the remainder of the loan term.

Land and Mobile Home

Available for primary residence only.
Maximum loan amount is $100,000.
Maximum terms vary based on adjustable or fixed rate.
Maximum Loan-to-Value (LTV) is 70% of purchase price or appraisal, whichever is less.
For all mortgage types, properties will be limited to a maximum of 5 acres. Properties with more than 5 acres are subject to a pricing premium of 1%.

Home Equity Loan

Available for primary residence only.
Maximum loan amount is $200,000 if first mortgage is with Suncoast and is based on available equity. If the first mortgage is held b y another lender, the maximum loan amount is limited to $100,000.
Terms vary based on adjustable or fixed rate.
Maximum LTV is 80% for qualified borrowers.
For all mortgage types, properties will be limited to a maximum of 5 acres. Properties with more than 5 acres are subject to a pricing premium of 1%.

Equity Line of Credit

Available for primary residence only.
Maximum credit limit is $200,000 if first mortgage is with Suncoast and is based on available equity. If the first mortgage is held by another lender, the maximum loan amount is limited to $100,000.
Maximum LTV is 80% for qualified borrowers.
For all mortgage types, properties will be limited to a maximum of 5 acres. Properties with more than 5 acres are subject to a pricing premium of 1%.

Home Equity VISA Platinum Card

Available for primary residence only.
Maximum credit line is $50,000 with a minimum limit of $5,000 and is based on available equity.
Low annual fee.
The annual percentage rate (APR) is based on the competitive adjustable home equity loan program.
Maximum LTV is 80% for qualified borrowers.
For all mortgage types, properties will be limited to a maximum of 5 acres. Properties with more than 5 acres are subject to a pricing premium of 1%.

TERMS AND CONDITIONS MAY CHANGE WITHOUT NOTICE
*APR = Annual Percentage Rate.
Annual percentage rates may vary.
Annual percentage rates may change during loan terms on variable rate products.
Membership and / or participation fees may apply. Inquire about specific fees for a product through your credit union.