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  SCCU Routing Number: 263177903
  
  use your SCCU Visa® & reg; Debit
  
  Card.
• Mortgage Products.
• No Deposit Mortgage.
• Hero Loans.- No Closing Costs Mortgage.- Conventional Fixed-Rate Mortgages.
• Construction-to-Permanent Loans.
• FHA Home Loans .- VA Mortgage.
  
  - Jumbo Home Loans.
• Condo Loans. -Adjustable-Rate Mortgage.- Lot Loans -Home Equity Loans.- Home Equity Credit Line.- Fixed-Rate Home Equity Loan( 2nd Mortgage )- Mortgage Refinance- Home Buying Center -Estimate My
  
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• Escrow Assistance. -Filing a Home Insurance Claim.- HELOC Charge Card Account Access- Check Mortgage Application Status
  scottjonesrealestate.com
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  & CD Secured Loans.- Signature Personal Loans- Auto Buying Center -Request More Product Info- Existing Auto Loan Help.
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  possible.
• Credit Cards.
• Visa Signature ®.
• Visa ® Platinum . -Visa ® Low Rate
  
  . -Visa ® Secured.- Visa ® Student- Report a Lost or Stolen Card- Manage Cards -Existing Visa ® Credit
  Card Help -Travel Notice
  
  & Tips -TCM Bank MasterCard Access- Rates
  
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  With low variable rates, digital wallet payment options, and no annual costs, members save more with an SCCU Visa® & reg; credit card.
  
  - Digital Banking.
• Online Banking.
• Mobile Banking.
• Digital Wallet.
• Mobile Wallet Loan Payments.
• Zelle ®- Insurance.
• Auto Insurance & Extended Warranty.
• TruStage Auto & Home Insurance.
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  - Financial Wellness.
• Fraud Prevention Center.
• Financial Calculators.
• Articles
  
  - Member Discounts
  
  with Mobile Deposit in the SCCU Mobile app.
  
  - Checking & Savings - Compare Checking Accounts.
• Free Checking.
• Interest Checking.
• Student Checking.
• Health Savings Checking.
• Compare Savings Accounts.
• Regular Savings.
• Money Market.
• My Way Savings.
• SCCU Savings Cents.
• Youth Savings.
• Christmas Club Savings.
• Zelle ® . -Certificates of Deposit (CDs).
• Debit Card Services.
• IRA Options.
• Individual Retirement Accounts (IRAs).
• IRA CDs.
• Switch Kit.
• Rates.
• Existing Account Help.
• Order Checks.
• Check Application Status
  
  - Mortgage Products.
• No Deposit Mortgage.
• Hero Loans.
• No Closing Costs Mortgage.
• Conventional Fixed-Rate Mortgages.
• Construction-to-Permanent Loans.
• FHA Home Loans.
• VA Mortgage.
• Jumbo Home Loans.
• Condo Loans.
• Adjustable-Rate Mortgage.
• Lot Loans.
• Home Equity Loans.
• Home Equity Line of Credit.
• Fixed-Rate Home Equity Loan (second Mortgage).
• Mortgage Refinance.
• Home Buying Center.
• Estimate My Mortgage Payment.
• Express Mortgage Originators.
• Existing Mortgage Help.
• Escrow Assistance.
• Filing a Home Insurance Claim.
• HELOC Charge Card Account Access.
• Rates.
• Check Mortgage Application Status.
• Check Home Equity Application Status
  
  - Auto/Vehicle Loans.
• Auto Loan Pre-Approval.
• Auto Loan Refinance.
• Recreational Vehicles.
• Boat and RV Loans.
• Motorcycle & Scooter Loans.
• Personal Loans.
• Share Loans & CD Secured Loans.
• Signature Personal Loans.
• Auto Buying Center.
• Request More Product Info.
• Existing Auto Loan Help.
• Skip Your Auto Payment.
• Rates.
• Hero Loans.
• Check Application Status
  
  - Credit Cards.
• Visa Signature ®.
• Visa ® Platinum.
• Visa ® Low Rate.
• Visa ® Secured.
• Visa ® Student. -Report a Lost or Stolen Card.
• Manage Cards.- Existing Visa ® Credit Card Help.
• Travel Notice & Tips.
• TCM Bank MasterCard Access.
• Rates.
• Check Application Status
  
  - Digital Banking.
• Electronic banking.
• Mobile Banking.
• Digital Wallet.
• Mobile Wallet Loan Payments.
• Zelle ®.
• Insurance.
• Auto Insurance & Extended Warranty.
• TruStage Auto & Home Insurance.
• Credit Life & Disability.
• Business Services. - Financial Wellness.
• Fraud Prevention Center.
• Financial Calculators.
• Articles.
• Member Discounts
  
  - Schedule Appointment.
• Locations.
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• About Us - Organization - SCCU History.
• What is a Cooperative credit union?
• Meet Your Watchdog!
• Newsletters
  
  - Community - Hero Loans.
• Events
  
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• Frequently Asked Questions.
• Check Loan/Account Application
  
  - By Phone:. Brevard: 321-752-2222. Broward: 954-704-5000. Miami-Dade: 305-882-5000. All Other Areas: 800-447-7228
  
  Member Service Center. Mon - Fri: 8am to 8pm. Sat: 9am to 5pm
  
  Express Services. Mon - Fri: 8am to 7pm. Sat: 9am to 2pm
  
  - Report a Lost or Stolen Card.
• Additional Contact Information.
• Check Loan/Account Application
  
  Scam Alert! Don't provide your information. SCCU will NEVER call, text, or email you to request delicate details, such as your Online Banking passwords or account/card numbers. Discover more.
  
  1. Personal.

2. Mortgage Products.
3. Adjustable-Rate Mortgage
   
   Adjustable-Rate Mortgage
   
   Take advantage of lower initial payments and begin developing equity
   
   SCCU uses a variety of Adjustable-Rate Mortgages (ARMs) to assist you begin building equity while delighting in a lower rate and payment up front. Since ARM rates and payments can go lower or higher in the future, you'll need to totally understand how they work. We'll deal with you to determine what alternative is best for your circumstance. Our skilled mortgage officers can explain the information so that you'll feel positive with your ARM.22
   
   Product Features
   
   - Up to 95% Financing16
   
   - More Flexible Terms, with Lower Initial Interest & Payment
   
   - Alternatives that Offer Adjustment after 5, 7, or 10 years22
   
   - Ability to Convert to a Fixed Rate Loan
   
   - Affordable Housing Program Available
   
   - Fast Pre-qualification Decisions, Online or Over the Phone.

• No Intangible Tax21.
• SCCU Member Service for the Life of the Loan.
• SCCU Rate Of Interest Guarantee18
  
  As much as 30 Years
  
  None
  
  $ 1,100 plus.25% of loan amount
  
  No Closing Costs; Jumbo; Construction
  
  - Calculators.
• Home Buying Center.
• Other Mortgage Options.
• SCCU Owners' Manual.
• Mobile Banking.
• Online Banking.
• How Adjustable-Rate Mortgages Work (+ Pros and Cons)
  
  How do I request an adjustable-rate mortgage with SCCU?
  
  You may apply online or connect to us.
  
  An adjustable-rate mortgage-also described as an ARM or variable rate mortgage-is a mortgage that has an interest rate that can go up or down at specified time intervals. Typically, an ARM starts with a rates of interest that's lower than the rates of interest on a similar fixed-rate mortgage for a specified time duration. When that time duration expires, the rate of interest may change, which might change the amount of your regular monthly payment.
  
  At SCCU, we provide a range of ARMs to fit our members' needs, consisting of alternatives that use rate change after 5, 7, or ten years22. For instance, a 5/1 ARM has a set rates of interest for the first five years of the loan. After the initial five-year duration, the interest rate and payment might adjust every 12 months. The rates of interest can't increase or reduce more than 2 percent at one adjustment and can't increase more than 5 percent over the life of the loan. To learn more, please reach out to us.
  
  What are the drawbacks of an ARM loan?
  
  Adjustable-rate mortgages (ARMs) are not for everyone, but fortunately is that borrowers have a broad variety of mortgage types from which to pick. If you are considering an ARM loan, nevertheless, it's crucial to understand a few of the possible disadvantages:
  
  - Adjustable-rate mortgage rates can and are most likely to change over the life of the loan. An ARM rate may be low for an initial period however could go up afterwards.
• Some adjustable-rate mortgages include prepayment charges, so you will desire to ask prospective loan providers for a clear response on this.
• Some adjustable-rate mortgages will have a balloon payment at maturity, which might be a significant quantity of money.
  
  What are adjustable-rate mortgage modification caps?
  
  Adjustable-rate mortgages have caps, or limitations, on how much the rates of interest can increase from one adjustment date to the next. These change caps secure borrowers from severe changes in rates. Lenders might have 3 kinds of caps:
  
  - The initial modification that occurs after the initial fixed-rate term is reached
• Subsequent change caps that manage how much the rate can increase at one time in adjustment durations that follow the very first change
• A cap on the adjustment for the life of the loan, or what the total rates of interest boost will ever be
  
  What is an ARM loan change period?
  
  Typically, the monthly payment and interest rates on adjustable-rate mortgages alter at defined intervals, such as each month or year or every 3, 5, or 7 years. The length of time between each interval-at which time the rate of interest can be adjusted-is called the change duration.
  
  What questions should borrowers ask about adjustable-rate mortgages?
  
  Securing a mortgage of any type is frequently among the biggest financial deals many people will make, so making the effort to ask prospective loan providers the right concerns is very important. To make sure you understand the terms of an adjustable-rate mortgage, ask loan providers these questions:
  
  - What is the preliminary interest rate and how long does it use?
• How often will my rate of interest be adjusted?
• What is the index that the ARM rate is based on?
• What is the loan provider's margin (an additional amount that lending institutions contribute to the index rate)?
• How high or low could the rates of interest go?
• What is the cap on the payment?
• Exists a charge for paying off the loan early?
• If there is a balloon payment, when would it be due and just how much would it be?
• Does the initial monthly payment include taxes and insurance coverage?
  
  Which is better: A fixed- or adjustable-rate mortgage?
  
  Each kind of mortgage has its advantages and disadvantages, and ultimately, the mortgage that's much better is the one that's best for you. Here are a few things to think about when weighing your home financing options: Adjustable-rate mortgages are initially based on short-term rate of interest that are generally lower than rate of interest on fixed-rate mortgage. That means ARM rates may initially supply lower monthly payments and might provide you the opportunity to buy a more pricey home. But, after the preliminary rate duration, your rate might change, impacting your monthly payment. There are likewise more types of variable-rate loans, so you might have more options when searching for home financing that meets your specific needs.
  
  The most important advantages of fixed-rate mortgages include understanding precisely what your month-to-month house payments will be over time which you won't have any undesirable rate of interest surprises in the future. Fixed-rate mortgages are likewise simpler and easier to understand.
  
  Contact our Express Services group to find out more about all of the mortgage choices SCCU provides our members.
  
  Who should think about an adjustable-rate mortgage?
  
  ARM loans may be the right option for your borrowing needs if:
  
  - Your earnings is presently adequate or is most likely to increase enough for you to be able to comfortably make higher regular monthly payments ought to your ARM rates of interest increase at any modification period.
• You prepare to stay in your home for just a couple of years, so the possibility of paying greater month-to-month payments in years to come is not a concern.
  
  - Yes
• No
  
  MORTGAGE: Mortgage loans are originated by Space Coast Credit Union, and go through credit approval, verification and collateral examination. Programs, offers, rates, terms, and conditions go through change or cancel without notification. Certain restrictions apply.
  
  These mortgage loan programs make up first mortgage liens protected by the home and residential or commercial property. Your deposit is figured out by the Loan-to-Value ratio. (90% LTV = 10% down payment) Loans going beyond 80% of the assessed worth of the home need private mortgage insurance. Member accountable for any funds needed for closing costs and pre-paid escrow.
  
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• Compare Savings Accounts
• Zelle ® . -Certificates of Deposit (CDs).
• Debit Card Services.
• IRA Options.
• Switch Kit.
• Rates.
• Existing Account Help.
• Check Application Status
  
  - Mortgage Products.
• Home Equity Loans.
• Mortgage Refinance.
• Home Buying Center.
• Estimate My Mortgage Payment.
• Express Mortgage Originators.
• Existing Mortgage Help.
• Rates.
• Check Mortgage Application Status.
• Check Home Equity Application Status
  
  - Auto/Vehicle Loans.
• Recreational Vehicles.
• Personal Loans.
• Auto Buying Center.
• Request More Product Info.
• Existing Auto Loan Help.
• Rates.
• Check Application Status
  
  Cards.
• Report a Lost or Stolen Card.
• Manage Cards.
• Existing Visa ® Charge Card Help.
• Travel Notice & Tips.
• TCM Bank MasterCard Access.
• Rates.
• Check Application Status
  
  - Digital Banking.
• Insurance.
• Business Services.
• Financial Wellness.
• Member Discounts
  
  - Schedule Appointment.
• Locations.
• Financial Wellness.
• Careers.
• Connect with Us!
  
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  - Brevard: 321-752-2222.
• Broward: 954-704-5000.
• Miami-Dade: 305-882-5000.
• All Other Areas: 800-447-7228
  
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• Privacy Policy.
• Sitemap. -. SCCU Routing Number: 263177903. NMLS #: 403370
  
  Space Coast Credit Union subscription is open to loved ones of existing members and all who work or reside in Alachua, Brevard, Broward, Charlotte, Citrus, Clay, Collier, Duval, Flagler, Hernando, Hillsborough, Indian River, Lake, Lee, Manatee, Marion, Martin, Miami-Dade, Monroe, Nassau, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Putnam, Sarasota, Seminole, St. Johns, St. Lucie, Sumter, or Volusia Counties in Florida.
  
  * APR = Interest Rate. ^ APY = Annual Percentage Yield.
  
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