Mortgages at Suncoast

Mortgage loans are originated by Suncoast Credit Union and are subject to subject to credit union membership and approval, credit approval, verification, and collateral evaluation. Programs, offers, rates, terms, and conditions are subject to change or cancellation without notice. Certain restrictions apply. ARM Products have an initial period with a fixed rate, then a variable rate that can increase or decrease annually for the rest of the term.

30 Year Fixed

• Available for Florida properties Only.
• Requires Escrow.
• 6 Month Rate Lock available on 30 Year Fixed.^^^
• PMI required for LTVs greater than 80%.
• Max Loan amount for one unit is $806,500.
• Max LTV is 95% for qualified borrowers.
• Requested program loan-to-value may be decreased upon review of property appraisal.
• Discount points and/or interest rate may be based on selection of a lower rate, credit score, loan-to-value, cash out at time of refinance, number of units, subordination, and other program qualifications.

20 Year Fixed

• Available for Florida properties Only.
• Requires Escrow.
• PMI required for LTVs greater than 80%.
• Max Loan amount for one unit is $806,500.
• Max LTV is 95% for qualified borrowers.
• Requested program loan-to-value may be decreased upon review of property appraisal.
• Discount points and/or interest rate may be based on selection of a lower rate, credit score, loan-to-value, cash out at time of refinance, number of units, subordination, and other program qualifications.

15 Year Fixed

• Available for Florida properties Only.
• Requires Escrow.
• PMI required for LTVs greater than 80%.
• Max Loan amount for one unit is $806,500.
• Max LTV is 95% for qualified borrowers.
• Requested program loan-to-value may be decreased upon review of property appraisal.
• Discount points and/or interest rate may be based on selection of a lower rate, credit score, loan-to-value, cash out at time of refinance, number of units, subordination, and other program qualifications.

10 Year Fixed

• Available for Florida properties Only.
• Requires Escrow.
• PMI required for LTVs greater than 80%.
• Max Loan amount for one unit is $806,500.
• Max LTV is 95% for qualified borrowers.
• Requested program loan-to-value may be decreased upon review of property appraisal.
• Discount points and/or interest rate may be based on selection of a lower rate, credit score, loan-to-value, cash out at time of refinance, number of units, subordination, and other program qualifications.

Suncoast Community Heroes 30 Year Fixed

• Available for Florida properties only.
• Requires Escrow.
• No Private Mortgage Insurance (PMI) required.
• Max loan amount for one unit is $2,000,000.
• Must be owner occupied.
• Max LTV is 95% for qualified borrowers.
• Requested program loan-to-value may be decreased upon review of property appraisal. Discount points and/or interest rate may be based on selection of a lower rate, credit score, loan-to-value, cash out at time of refinance, number of units, subordination, and other program qualifications.
• To qualify for the Heroes program, member must be an ACTIVE, paid full-time employees of: Public or Private Schools (K-12 and Post-Secondary), all Fire Department employees; all Federal/State/County/Local Law Enforcement Agency employees; Emergency Medical Technicians (EMT), Paramedics, Nurses (RN, LPN, APN, NP, BSN, MSN); all military personnel (active, reservists or National Guard); Surviving spouses of qualifying military member, Federal/State/County/Local Law Enforcement Officers and Firefighters who lost their lives during active service; Veterans (excluding Veterans discharged for Bad Conduct or Dishonorable Discharge); Federal/State/County/Local Law Enforcement/Firefighters on disability or retired due to an injury that occurred while active duty; and Full or Part-time Suncoast Employees.

Suncoast Community Heroes 20 Year Fixed

• Available for Florida properties only.
• Requires Escrow.
• No Private Mortgage Insurance (PMI) required.
• Max loan amount for one unit is $2,000,000.
• Must be owner occupied.
• Max LTV is 95% for qualified borrowers.
• Requested program loan-to-value may be decreased upon review of property appraisal. Discount points and/or interest rate may be based on selection of a lower rate, credit score, loan-to-value, cash out at time of refinance, number of units, subordination, and other program qualifications.
• To qualify for the Heroes program, member must be an ACTIVE, paid full-time employees of: Public or Private Schools (K-12 and Post-Secondary), all Fire Department employees; all Federal/State/County/Local Law Enforcement Agency employees; Emergency Medical Technicians (EMT), Paramedics, Nurses (RN, LPN, APN, NP, BSN, MSN); all military personnel (active, reservists or National Guard); Surviving spouses of qualifying military member, Federal/State/County/Local Law Enforcement Officers and Firefighters who lost their lives during active service; Veterans (excluding Veterans discharged for Bad Conduct or Dishonorable Discharge); Federal/State/County/Local Law Enforcement/Firefighters on disability or retired due to an injury that occurred while active duty; and Full or Part-time Suncoast Employees.

Suncoast Community Heroes 15 Year Fixed

• Available for Florida properties only.
• Requires Escrow.
• No Private Mortgage Insurance (PMI) required.
• Max loan amount for one unit is $2,000,000.
• Must be owner occupied.
• Max LTV is 95% for qualified borrowers.
• Requested program loan-to-value may be decreased upon review of property appraisal. Discount points and/or interest rate may be based on selection of a lower rate, credit score, loan-to-value, cash out at time of refinance, number of units, subordination, and other program qualifications.
• To qualify for the Heroes program, member must be an ACTIVE, paid full-time employees of: Public or Private Schools (K-12 and Post-Secondary), all Fire Department employees; all Federal/State/County/Local Law Enforcement Agency employees; Emergency Medical Technicians (EMT), Paramedics, Nurses (RN, LPN, APN, NP, BSN, MSN); all military personnel (active, reservists or National Guard); Surviving spouses of qualifying military member, Federal/State/County/Local Law Enforcement Officers and Firefighters who lost their lives during active service; Veterans (excluding Veterans discharged for Bad Conduct or Dishonorable Discharge); Federal/State/County/Local Law Enforcement/Firefighters on disability or retired due to an injury that occurred while active duty; and Full or Part-time Suncoast Employees.

Suncoast Community Heroes 10 Year Fixed

• Available for Florida properties only.
• Requires Escrow.
• No Private Mortgage Insurance (PMI) required.
• Max loan amount for one unit is $2,000,000.
• Must be owner occupied.
• Max LTV is 95% for qualified borrowers.
• Requested program loan-to-value may be decreased upon review of property appraisal. Discount points and/or interest rate may be based on selection of a lower rate, credit score, loan-to-value, cash out at time of refinance, number of units, subordination, and other program qualifications.
• To qualify for the Heroes program, member must be an ACTIVE, paid full-time employees of: Public or Private Schools (K-12 and Post-Secondary), all Fire Department employees; all Federal/State/County/Local Law Enforcement Agency employees; Emergency Medical Technicians (EMT), Paramedics, Nurses (RN, LPN, APN, NP, BSN, MSN); all military personnel (active, reservists or National Guard); Surviving spouses of qualifying military member, Federal/State/County/Local Law Enforcement Officers and Firefighters who lost their lives during active service; Veterans (excluding Veterans discharged for Bad Conduct or Dishonorable Discharge); Federal/State/County/Local Law Enforcement/Firefighters on disability or retired due to an injury that occurred while active duty; and Full or Part-time Suncoast Employees.

Jumbo 30 Year Fixed

• Available for Florida properties only.
• Requires Escrow.
• PMI required for LTVs greater than 80%.
• Max loan amount for one unit is $2 Million with minimum loan amount of $806,501.
• Max LTV is 95% for qualified borrowers.
• Requested program loan-to-value may be decreased upon review of property appraisal. Discount points and/or interest rate may be based on selection of a lower rate, credit score, loan-to-value, cash out at time of refinance, number of units, subordination, and other program qualifications.
• Jumbo loans are also available in 20, 15, and 10 year terms

3/3 ARM

• Available for properties in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia.
• Requires Escrow.
• PMI required for LTVs greater than 80%.
• Max loan amount for one unit is $2 million.
• Max LTV is 95% for qualified borrowers.
• Requested program loan-to-value may be decreased upon review of property appraisal. Discount points and/or interest rate may be based on selection of a lower rate, credit score, loan-to-value, cash out at time of refinance, number of units, subordination, and other program qualifications.

5/5 ARM

• Available for properties in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia.
• Requires Escrow.
• PMI required for LTVs greater than 80%.
• Max loan amount for one unit is $2 million.
• Max LTV is 95% for qualified borrowers.
• Requested program loan-to-value may be decreased upon review of property appraisal. Discount points and/or interest rate may be based on selection of a lower rate, credit score, loan-to-value, cash out at time of refinance, number of units, subordination, and other program qualifications.

7/1 ARM

• Available for properties in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia.
• Requires Escrow.
• PMI required for LTVs greater than 80%.
• Max loan amount for one unit is $2 million.
• Max LTV is 95% for qualified borrowers.
• Requested program loan-to-value may be decreased upon review of property appraisal. Discount points and/or interest rate may be based on selection of a lower rate, credit score, loan-to-value, cash out at time of refinance, number of units, subordination, and other program qualifications.

Zero Down 7/1 ARM

• Available for Florida properties only.
• Requires Escrow.
• Private Mortgage Insurance (PMI) required.
• Max loan amount for one unit is $806,500.
• Loan purpose must be a purchase.
• Must be owner occupied.
• Minimum Credit score 700
• Maximum debt to income (DTI) ratio 45%
• 2 months PITIA must be paid by members own funds.   
• Interest rate will remain the same for the initial term of the loan (7 years).  At the end of the term the interest rate will be subject to change every 12 months with a lifetime cap of 5.00% over the initial rate.

Suncoast Community Heroes 7/1 ARM

• Available for Florida Properties only.
• Requires Escrow over 80% LTV
• No Private Mortgage Insurance (PMI) required.
• Max loan amount for one unit is $2,000,000.
• Must be owner occupied
• Max LTV is 95% for qualified borrowers.
• No origination fee
• Requested program loan-to-value may be decreased upon review of property appraisal.  Discount points and/or interest rate may be based on a selection of a lower rate, credit score, loan-to-value, cash out at time of refinance, number of units, subordination, and other program qualifications.
• To qualify for the Heroes program, member must be an ACTIVE, paid full-time employee of all Public and Private Schools (K-12, Post-Secondary), All employees of a Fire Department, all employees of a Federal/State/County/Local law Enforcement Agency, Medical Professionals (consult with originator for specifications), Veterans (excludes Veterans discharged for “Bad Conduct or Dishonorably Discharged”, members and spouses of qualifying military members or Federal/State/County/Local Law Enforcement and Firefighters who lost their lives during active service, and Full time and part time Suncoast Employees.  Additional professions may apply.

First Time Homebuyer 10/1 ARM

• Available for Florida properties only.
• Requires Escrow.
• No Private Mortgage Insurance (PMI) required.
• No Manufactured or Duplex property types.
• Reduced Origination fee of $500.
• Max loan amount of $600,000.
• Suncoast will contribute up to $3,000^ towards closing costs.
• The interest rate will remain the same for the initial term of the loan (10 years). At the end of the initial term, rate will be subject to change annually no more than 2% each year. The lifetime cap of adjustment is 6% above initial rate. Approval subject to product guidelines for First Time Homebuyer 10/1 ARM mortgage. Must be owner occupied.

Mobile Home & Land 12 Year Fixed

• Available for Florida properties only.
• Max LTV is 80%.
• Requires Escrow.
• No cash-out refinances.
• Max loan amount $806,500.
• Property cannot be part of a Co-Op.
• Available for purchase or rate/term refinances only.
• Mobile home must be on subject property, set-up and utilities must be operating prior to closing.
• Must be owner occupied upon closing.

Mobile Home & Land 20 Yr 5/1 ARM

• 12 year fixed rate or 20 year 5/1 ARM.
• Available in Florida only and primary residence only.
• Escrows Required
• Available for purchases or rate/term refinances only.
• Mobile Homes that are part of a Co-Op are not eligible.
• No cash-out refinances.
• Modifications are not permitted, refinance required to obtain a new product and rate.

Residential Lot Loan Fixed

• 12 year fixed rate term.
• Available in Florida only.
• Available for purchases only.
• Max loan amount $750,000
• Max LTV is 80% of the appraisal value or purchase price, whichever is less.

Residential Lot Loan ARM

• 12 year adjustable rate term.
• Available in Florida only.
• Available for purchases only.
• Max loan amount $750,000
• Max LTV is 80% of the appraisal value or purchase price, whichever is less.