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• Meet Your Watchdog!
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  Accessible Menu - Main Menu - Checking & Savings
• Mortgages
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  - Compare Checking Accounts
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• Regular
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  - Zelle ®- Certificates of Deposit (CDs)
  
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• Individual Retirement Accounts (IRAs).
• IRA CDs
  
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• Order Checks
  
  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
  
  Mortgage Payment -Express Mortgage Originators - Existing Mortgage Help.
• Escrow Assistance. -Filing a Home Insurance Claim.- HELOC Charge Card Account Access- Check Mortgage Application Status
  
  - Check Home Equity
  
  Application Status All New 10/1 ARM- 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 Our Car Buying Center uses suggestions to make your experience as easy as
  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 alternatives, and no annual fees, members save more with an SCCU Visa® & reg; charge card.
  
  - Digital Banking.
• Online Banking.
• Mobile Banking. - Digital Wallet.
• Mobile Wallet Loan Payments.
• Zelle ®- Insurance.
• Auto Insurance & Extended Warranty.
• TruStage Auto & Home Insurance.
• Credit Life & Disability
  
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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 Down Payment 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 Credit 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 ® Charge Card Help.
• Travel Notice & Tips.
• TCM Bank MasterCard Access.
• Rates.
• Check Application Status
  
  - Digital Banking.
• Online 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
  
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• Locations.
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• About Us - Organization - SCCU History.
• What is a Credit Union?
• Meet Your Watchdog!
• Newsletters
  
  - Community - Hero Loans.
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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 info. SCCU will NEVER call, text, or email you to demand sensitive information, such as your Online Banking passwords or account/card numbers. Learn more.
  
  1. Personal.

2. Mortgage Products.
3. Adjustable-Rate Mortgage
   
   Adjustable-Rate Mortgage
   
   Make the most of lower initial payments and begin developing equity
   
   SCCU offers a variety of Adjustable-Rate Mortgages (ARMs) to help you begin developing equity while delighting in a lower rate and payment in advance. Since ARM rates and payments can go lower or higher in the future, you'll need to totally comprehend how they work. We'll work with you to identify what option is best for your circumstance. Our knowledgeable mortgage officers can discuss the details so that you'll feel positive with your ARM.22
   
   Product Features
   
   - As much as 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 Rates Of Interest Guarantee18
  
  Approximately thirty 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.
• Electronic banking.
• How Adjustable-Rate Mortgages Work (+ Benefits And Drawbacks)
  
  How do I request an adjustable-rate mortgage with SCCU?
  
  You might apply online or connect to us.
  
  An adjustable-rate mortgage-also referred to as an ARM or variable rate mortgage-is a mortgage that has a rate of interest that can increase or down at defined time periods. Typically, an ARM begins with an interest rate that's lower than the rate of interest on a comparable fixed-rate mortgage for a specified time period. When that time duration ends, the rate of interest may change, which might change the quantity of your monthly payment.
  
  At SCCU, we offer a range of ARMs to fit our members' requirements, consisting of choices that use rate adjustment after 5, 7, or 10 years22. For instance, a 5/1 ARM has a fixed interest rate for the very first 5 years of the loan. After the preliminary five-year duration, the rates of interest and payment may change every 12 months. The rates of interest can't increase or decrease 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 customers have a large range of mortgage types from which to select. If you are thinking about an ARM loan, however, it's crucial to comprehend a few of the potential disadvantages:
  
  - Adjustable-rate mortgage rates can and are likely to alter over the life of the loan. An ARM rate might be low for an initial duration but could go up afterwards.
• Some adjustable-rate mortgages include prepayment penalties, so you will desire to ask potential lending institutions for a clear answer on this.
• Some adjustable-rate mortgages will have a balloon payment at maturity, which could be a substantial quantity of money.
  
  What are adjustable-rate mortgage modification caps?
  
  Adjustable-rate mortgages have caps, or limits, on how much the rate of interest can increase from one adjustment date to the next. These adjustment caps secure customers from severe modifications in rates. Lenders might have 3 types of caps:
  
  - The preliminary modification that occurs after the initial fixed-rate term is reached
• Subsequent change caps that control how much the rate can increase at one time in adjustment durations that follow the first adjustment
• A cap on the adjustment for the life of the loan, or what the overall rates of interest boost will ever be
  
  What is an ARM loan modification duration?
  
  Typically, the month-to-month payment and interest rates on adjustable-rate mortgages alter at specified 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 known as the change duration.
  
  What concerns should borrowers ask about adjustable-rate mortgages?
  
  Securing a mortgage of any type is often among the biggest monetary deals many people will make, so making the effort to ask prospective lenders the best concerns is very important. To make certain you comprehend the terms of an adjustable-rate mortgage, ask lending institutions these concerns:
  
  - What is the preliminary rates of interest and for how long does it apply?
• How typically will my rate of interest be adjusted?
• What is the index that the ARM rate is based upon?
• What is the loan provider's margin (an additional quantity that lending institutions include to the index rate)?
• How high or low could the rates of interest go?
• What is the cap on the payment?
• Exists a penalty for settling the loan early?
• If there is a balloon payment, when would it be due and how much would it be?
• Does the initial regular monthly payment include taxes and insurance coverage?
  
  Which is better: A fixed- or adjustable-rate mortgage?
  
  Each type of mortgage has its pros and cons, and ultimately, the mortgage that's better is the one that's best for you. Here are a couple of things to consider when weighing your home funding alternatives: Adjustable-rate mortgages are at first based upon short-term interest rates that are generally lower than rates of interest on fixed-rate mortgage. That implies ARM rates might initially supply lower month-to-month payments and may provide you the chance to buy a more expensive home. But, after the initial rate period, your rate could alter, impacting your regular monthly payment. There are likewise more types of variable-rate loans, so you may have more options when trying to find home financing that satisfies your individual needs.
  
  The most essential advantages of fixed-rate mortgages consist of understanding precisely what your month-to-month home payments will be over time and that you will not have any unpleasant interest rate surprises in the future. Fixed-rate mortgages are also easier and simpler to comprehend.
  
  Contact our Express Services team to find out more about all of the mortgage choices SCCU offers our members.
  
  Who should think about an adjustable-rate mortgage?
  
  ARM loans might be the ideal choice for your loaning requires if:
  
  - Your income is currently enough or is likely to increase enough for you to be able to conveniently make greater regular monthly payments must your ARM interest rate boost at any adjustment period.
• You prepare to remain in your home for simply a few years, so the possibility of paying higher regular monthly payments in years to come is not a concern.
  
  - Yes
• No
  
  MORTGAGE: Mortgage loans are stemmed by Space Coast Cooperative Credit Union, and go through credit approval, confirmation and security assessment. Programs, offers, rates, terms, and conditions go through alter or cancel without notification. Certain constraints apply.
  
  These mortgage loan programs constitute very first mortgage liens protected by the home and residential or commercial property. Your deposit is determined by the Loan-to-Value ratio. (90% LTV = 10% down payment) Loans exceeding 80% of the assessed value of the home require private mortgage insurance coverage. Member responsible for any funds required for closing expenses and pre-paid escrow.
  
  - Compare Checking Accounts
• 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
  
  - Credit Cards.
• 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.
• Insurance.
• Business Services.
• Financial Wellness.
• Member Discounts
  
  - Schedule Appointment.
• Locations.
• Financial Wellness.
• Careers.
• Contact Us!
  
  - Facebook.
• Instagram.
• LinkedIn
  
  - Brevard: 321-752-2222.
• Broward: 954-704-5000.
• Miami-Dade: 305-882-5000.
• All Other Areas: 800-447-7228
  
  - Fees, Forms, and Disclosures.
• Terms.
• Privacy Policy.
• Sitemap. -. SCCU Routing Number: 263177903. NMLS #: 403370
  
  Space Coast Credit Union membership is open to relatives of present 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.
  
  Space Coast Cooperative Credit Union (SCCU) © 2025
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