Mortgages
Are you in the market for a new house, or have you already found your dream home?
SRP Federal Credit Union has been making loans for over 50 years, so we need to talk if you're considering buying a home. With competitive rates, flexible terms, and unparalleled service, you'll be in the home of your dreams in no time.
Schedule an appointment to learn more about how your hometown lender can help you get into your new home. Give us a call at 803-202-4387.
SRP HOME Program
We make home ownership easy with the SRP HOME Program! This home loan program is designed exclusively for our front line service community including:
- Sworn Law Enforcement
- Firefighters
- Nurses (RN, NP, PA, LPN, CNA, MA)
- EMT and Certified Paramedics
- Certified Teachers
- Certified First Responders
- Veterans and Active Military
Contact us today at (803) 202-4387 to take advantage of this exclusive mortgage program!
*All loans subject to approval and rate may vary depending on individual's credit history and other factors. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice. Membership required. Visit www.srpfcu.org for membership eligibility. Additional professions may qualify, and program eligibility requirements apply. Please inquire for more details.
Mortgage Rate Discounts with SRP
SRP Federal Credit Union is here to help make the dream of homeownership a reality. When you have direct deposit setup with your SRP account, you are eligible to receive up to a 0.25%* discount on your mortgage rate! That equals huge savings with SRP! Apply online or contact one of our Mortgage Loan Originators to get started today!
*The promoted 0.25% APR rate reduction is available for a limited time only and applies to new, conventional mortgage loans for new or existing SRP Federal Credit Union account holders with direct deposit. All loans subject to approval. Actual rate and terms may vary depending on individual's credit history and other factors. This promotion does not apply to existing SRP mortgage loans and excludes refinances. All combinable rate reductions, promotions, and discounts cannot fall below current floor rate. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice. Membership required. Federally insured by NCUA. Equal Housing Lender. NMLS# 612441.
Mortgage Types
| Conventional | This mortgage provides you with the best terms, if you qualify. A conventional, or conforming, mortgage adheres to the guidelines set by Fannie Mae and Freddie Mac. It may have either a fixed or adjustable rate. |
| VA | A VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). The VA loan was designed to offer long-term financing to eligible American active duty military members and veterans. |
| FHA | An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). Minimum down payment with lenient qualifying. |
| Non-Conforming | Portfolio loans such as investment properties and acreage with non-standard qualifying. |
| 10-Year |
A 10-year fixed mortgage loan that offers a lower rate, up to $750 credit towards closing, and in-house underwriting.
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| 5/5 ARM |
Adjustable Rate Mortgage (ARM) option offers a lower interest rate and is fixed for the first 5 years. |
