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· Rates are extremely competitive.
· Loans available anywhere in continental U.S.
· Products available for anyone with any mortgage need.
· Low, low closing costs.
· Excellent person-to-person service.
· Quicker-than-average turnaround time.

The Southern FCU is your complete source for mortgage loans. Whatever home loan-related need you have, we can help - first mortgage, second mortgage, home equity line of credit, land loan, construction loan, bridge loan, second/vacation home loan, or even investment property loans. And, when buying a home, you should make it easy, not only on your pocket book, but on yourself, too. At the Credit Union, we realize that buying a home can be a very stressful time for you and your family. We do what we can to alleviate any concerns with the borrowing and closing process.

First Mortgage Programs   
· Primary Residence (for purchase or refinance): Single family or Condominiums
   Loan Rates  | Calculator | Ask a Question
1. Term: 10-,15-, 20-, or 30-year fixed (Adjusted Rate Mortgages available)
    Loan to Value: Purchase: up to 95% of sales price.
                      Refinance: up to 90% of appraised value.
    - Condos may require maximum loan-to-value of 90% purchase and 80% refinance.
    - No prepayment penalties.
2. Term: 3-, 5- or 7- year fixed with a 30-year amortized payment
    Loan Amount: 95% of purchase.
                           80% of refinance

Rate: Click on "Ask a Question" or call the Credit Union for current rates.

· Second Home/Vacation/Retirement    Loan Rates  | Calculator | Ask a Question
  Term: 10-, 15-, 20- or 30-year fixed
  Loan-to-Value: Purchase: up to 95% of appraised value
                          Refinance: up to 90% of appraised value
  Rate: Click on "Ask a Question" or call the Credit Union for current rates.

· Investment Residential Property   Loan Rates  | Calculator | Ask a Question
  Term: 10-, 15-, 20- or 30-year fixed
  Loan-to-Value: Purchase: up to 90% of appraised value
                          Refinance: up to 80% of appraised value, 75% for cash out
  Rate: Click on "Ask a Question" or call the Credit Union for current rates.

· Land Loans   Loan Rates  | Calculator | Ask a Question
Finance up to 30 acres at 90% of the purchase price or appraised value of the property.
  Terms: 5- or 10- year fixed.
  Rate: Click on "Ask a Question" or call the Credit Union for current rates.

· Bridge Loans   Loan Rates  | Calculator | Ask a Question
Allows the member to withdraw equity out of their present home to use for a down payment on a new home or the remodeling of their present home to sell. The home from which the equity is being extracted should be pending sale or actively on the market.

  Term: 9 months
  Loan-to-Value: 80% of appraised value less any first mortgage balance.
  Rate: Click on "Ask a Question" or call the Credit Union for current rates.


Second Mortgage Programs

· Home Equity Line of Credit   Loan Rates  | Calculator | Ask a Question
  Term: 10-year draw period.
  Loan-to-Value: 95% of appraised value minus first mortgage balance.
  Rate: Equal to Prime (adjusted quarterly and will not fall below 5.0% annual percentage rate).         
  Costs: First draw is $15,000+. No more than 1.5% of the outstanding balance. Credit Union will pay closing cost upjto $650.

· Closed End Fixed Rate Second Mortgage   Loan Rates  | Calculator | Ask a Question
  Term: 5-, 10-, 15-years
  Loan-to-Value:
  Up to 95% of the appraised value minus your first mortgage Rate:
  Click on "Ask a Question" or call the Credit Union for current rates.
  Closing Costs: Credit Union will pay up to $650 closing cost on loan amount of $15,000 or more.