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FHA Mortgage Loan: Benefits
FHA Mortgage is rated 2.75 out of 5 by 4.
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Rated 2 out of 5 by from Lacking in communication We have been members for a while and never had any bad experiences until we enter into this mortgage process. Going in we knew it would take time. However, Holly S., our loan processor was never available. We only actually spoke to her one time via telephone. There were emails back and forth but mostly she just wouldn't respond. She was never in her office and when she was she never returned any of our phone calls. I came to the understanding that she had a family emergency. My question then is why didn't she hand us off to another processor instead of leaving us hanging. Our closing was postponed 4 times and we were never notified until after 5 p.m. the evening before the expected closing. Since we weren't working with a real estate agent that left us with the responsibility of notifying the sellers of the last minute postponement over and over again. When other people were finally brought on to finish the process we had to provide a lot of documentation that we had already provided to Holly S. Which had us wondering what happened to it all. We are happy in our new home but unsure of whether or not we can recommend SCCU to anyone looking to get a mortgage.
Date published: 2015-12-03
Rated 1 out of 5 by from Horrible, major lack of communication Our mortgage took 6 months to complete. We had to push our closing date back 3 times, continuously called/emailed for updates with days if not weeks between responses, repeatedly were told a blanket statement as to why it was taking so long, spoke to mortgage manager and was basically blown off. The second loan processor was the most helpful. TOTAL lack of communication on such a major event. Would NOT recommend SCCU for a mortgage.
Date published: 2015-10-25
Rated 5 out of 5 by from What an amazing staff of people!!!!! The Space Coast Credit Union staff were there every step of the way. The professionalism I recieved was amazing!!! Extremely courteous and expedient. There for me at every turn to answer my questions or concerns. It truly felt like my time mattered to them and they did whatever they could to make a somewhat difficult process go as smooth as ever!!!
Date published: 2015-05-14
Rated 3 out of 5 by from It was a very stressful experience. Applying for a FHA mortgage was very stressful. I worked full time and had to keep getting paperwork to be able to close on our closing date. The people we were buying from had to close in 30 days. I was writing letters and explaining things up till practically the last hour. If I did not work at a place that i could scan and email fairly quickly we would of never made it. It is hard to not get a final final approval less than 24 hours of closing.
Date published: 2015-04-02
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  • 2.75/5
Read all 4 reviews

An FHA Home Loan is a mortgage home loan backed by mortgage insurance from the Federal Housing Administration, and provided by FHA-approved lenders like SCCU. Some of the benefits of an FHA loan from your local Florida credit union mortgage loan provider include:

  • A good choice for first-time homebuyers who need a low down payment option
  • Use an FHA loan to purchase a new home or refinance your existing loan
  • Low down payment requirement and lower premiums
  • Non-occupant, co-borrowers are permitted
  • No prepayment penalties
  • Rebate - You can earn a rebate when you work with any Realtor in our HomeAdvantage program! The rebate can be used to reduce your closing costs or be delivered as cash back after closing.+

Call Express Sales or apply online today.

Brevard: 321-752-2222 option 3
Broward: 954-704-5000 option 3
Miami-Dade: 305-882-5000 option 3
All Other Areas: 800-447-7228 option 3


All SCCU Mortgage Loans Feature

Mortgages: Mortgage loans are originated by Space Coast Credit Union, and are subject to credit approval, verification and collateral evaluation. Programs, offers, rates, terms, and conditions are subject to change or cancellation without notice. Certain restrictions apply. These mortgage loan programs constitute first mortgage liens secured by the home and property. The down payment is determined by the Loan to Value ratio. (90% LTV = 10% down payment) Loans exceeding 80% of the appraised value of the home require private mortgage insurance. Member responsible for any funds needed for closing costs and pre-paid escrow. Loan to value limits and private mortgage insurance requirements do not apply to HARP loans.

1Mortgage Interest Rate Guarantee: If the comparable SCCU interest rate is
lower than your original interest rate five (5) business days before the closing and the interest
rate lock-in has not expired, SCCU will reduce the interest rate on your loan 5 business
days prior to closing. This is limited to a reduction of .25 percent. A one-time fee of $75
will be assessed at time of closing if this Price Guarantee is exercised and your rate
is reduced. Other conditions may apply, contact SCCU for details.

+The HomeAdvantage program, along with its features and benefits, is available to you through a joint relationship between your credit union and CU Realty Services. In order to earn a rebate, buyers and sellers must use ine if the real estate agents in the approved HomeAdvantage agent network. Rebate amounts will vary depending on the price of the house sold or purchased, and the commissions paid out to the agent. Rebates are available in most states. Please contact SCCU for more details.

  • SCCU Routing Number: 263177903

Space Coast Credit Union membership is open to all who work or live in Brevard, Broward, Flagler, Indian River, Martin, Miami-Dade, Monroe, Orange, Osceola, Palm Beach, Seminole, St. Johns, St. Lucie, or Volusia Counties in Florida.

  • Brevard: 321-752-2222
  • Broward: 954-704-5000
  • Miami-Dade: 305-882-5000
  • All Other Areas: 800-447-7228

*APR = Annual Percentage Rate. ^APY = Annual Percentage Yield.

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Member Rewards

Member Rewards is an exclusive Space Coast Credit Union program that provides benefits such as free or discounted services based on your level of participation in the credit union.

  • Gold members may order one FREE box of SCCU logo checks per year.
  • Platinum members may order unlimited FREE boxes of SCCU Exclusive Style checks (one box at a time).
Learn more about the Member Rewards program.