Home Loans

1st Mortgage

Purchasing a home is one of the biggest financial decisions you will ever make. Where you decide to finance your home is just as important as the home you decide to buy. Choosing Service 1st Credit Union for your 1st mortgage will make purchasing your home easy, affordable and convenient. We work with you every step of the process to ensure you understand every aspect of your loan and the home buying process. After all, we feel service is helping you make the best financial decisions.

Mortgage Loans & Options Available:

• Fixed & Adjustable Rate Mortgages
• Up to 30 Year Loan Terms
• 80% Financing of Appraised Value or Purchase Price (whichever is lower)
• First Time Homebuyer Program
• H.O.M.E. Program (Making Dreams Come True!)
• Imperfect Credit Program
• Community Assistance Program
• Mortgage Consolidation
• Mortgage Refinancing
• Double-wide & Manufactured Homes Program

For financial information on purchasing a home and to be pre-qualified, contact the Credit Union online or by calling 813.621.9631 or 800.237.5567. After hours service is available to all members through CU Mortgage Services at 800.990.9722.

Home Equity Loan

A home equity loan (commonly called a Second Mortgage) allows you to access the equity in your home to provide additional financing options. Equity refers to the value you have generated in your home. For example, if you home is valued at $100,000 and you owe $75,000 on your mortgage, your available equity to borrow would be $25,000.

Members commonly use this equity to provide lower rate financing options for home improvements, higher education, medical bills or debt consolidation. Since your home is used as collateral, the rates available are usually lower than a Signature Loan and the interest may also be tax deductible (contact your tax professional).

The funds from a Home Equity Loan can be used all at once or you can set up a convenient line of credit and use the funds as needed. Terms range from 60 – 180 months depending upon the financed amount.

For financial information on a Home Equity Loan, contact the Credit Union online or by calling 813.621.9631 or 800.237.5567.