* Limited time offer. SCCU’s normal credit criteria apply. Not all applicants will qualify for a loan. Amount of closing cost credit based on loan amount. SCCU will credit $375 (up to a maximum of $5,000) for every $50,000 in loan amount at closing. Example: a loan amount of $225,000 will qualify for $1,875 in credit. Maximum loan to value: 95%. Loans exceeding 80% of the appraised value of the home require private mortgage insurance. Amount of waived closing costs, as detailed on the Settlement Statement at closing, must be paid back to SCCU if the loan is paid off within the first 36 months from the first payment due date. SCCU will determine the method used to evaluate property value. Maximum cash permitted to borrower at closing: $50,000. All normal rate adjustments apply. Owner occupied, primary residence only. New money only. This offer does not apply to existing first mortgage loans held at SCCU. Member Rewards fee waivers are not permitted in conjunction with this offer.
