Scott Credit Union Mortgage Loans
Scott Credit Union has a full service mortgage department and offers a wide range of products. Choose your mortgage loan below, then use the Scott Credit Union loan calculator to determine your ideal monthly payment.
Welcome Home 100
It is not uncommon for our members to say they want to purchase a home, but they may not have the required down payment, or they fear draining their savings knowing they may have those unexpected expenses. We heard your concerns and are proud to offer a 100% mortgage financing option for qualified buyers. This program gives buyers the ability to purchase a home with zero down payment.
Jumbo Loan
Jumbo loans can help turn big dreams into a dream home. Eligible properties include primary and secondary single family homes, and warrantable condominiums.
Professional Loan
A mortgage loan option crafted exclusively for medical professionals, chiropractors, and attorneys. Unlock tailored financing solutions designed to align with your unique financial needs and career trajectory. Secure your path to homeownership with specialized terms for you!
VA Loan
We take pride in our military history and are proud to offer VA Loans to help our military members become homeowners. When you take out a VA Loan, a portion is guaranteed by the VA. This allows a veteran to have little or no down-payment as well as receive lower interest rates than other types of home loans.
Single Close Construction Loan
If you are looking to build, our single close construction loan is a great option with interest only payments during construction. This can be used for a primary or secondary residence, and has a long term rate lock offered for up to 9 months.
Lot Loan
Purchase a lot for the new home you’ll build within 3 years. Lot loans through SCU require a 25% down payment and carry a 3-year loan term and payments amortized over 15 years.
Fixed Rate Loan
Whether you are interested in a first mortgage or a second mortgage, fixed rate loans offer the comfort and security that your rate will never change.
FHA Loan
Government insured Federal Housing Administration (FHA) loans allow our members to purchase a home with a low down payment and limited credit history. FHA loans can be used to purchase or refinance owner occupied 1-4 unit homes and condominiums.
Adjustable-Rate Loan
Explore flexibility with our Adjustable-Rate Mortgage (ARM) loans. Experience dynamic interest rates that adapt to market changes, providing potential cost savings. Perfect for those anticipating financial shifts or short-term homeownership goals.
HomeReady, HomePossible Loan
A loan that can help you get a jump-start on the mortgage process and overcome financial barriers. Down payments as low as 3%* and cancellable mortgage insurance** plus, low-income borrowers may qualify for a $2,500 grant.***
Community Heroes Loan
Home loans with up to 99% financing and flexible down payment options for those who serve our community. Available for educators, healthcare workers, first responders, and military members.
*97% LTV can use any fixed-rate terms (10-, 15-, 20-, 30-year)
**Restrictions apply.
***Borrowers with a qualifying income of less than or equal to 50% of the applicable area median income (AMI) of the subject property’s location are eligible.