OnTheHouse

Low Rate. No Closing Costs. Cash Out Option.

Refinance On the House!

If you'd like to potentially reduce your monthly mortgage payment and be mortgage free once you've retired, consider refinancing your loan. Our "On the House" Fixed Rate Refinance Mortgage offers a low-rate, flexibility, and minimal fees. Refinance for as little as 5 years or as long as 12 years - whatever fits your finances and your future plans. If you're looking for a little extra cash for a new home office or a special purchase, you have the option to take cash out, too! When you refinance "On the House", you'll enjoy:

No points

No closing costs

Option to take cash out

No pre-payment penalty

Low Interest rate and payment are fixed for the life of the loan

Conventional or Jumbo option

Term up to 12 years

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*APR= Annual Percentage Rate. Your Annual Percentage Rate (APR), Term and Approved Loan Amount may vary based on your credit worthiness. Advertised APR is the lowest rate available. Not available for purchase money. Refinance only. No points, closing costs or attorney’s fees. Applicable Trust and Power of Attorney review and recording fees apply and are paid by the borrower. Other restrictions may apply. Fixed rate – terms 60 to 144 months. For 60 monthly payments at 6.875% APR, the repayment amount would be $19.74 per $1,000 borrowed. For 120 monthly payments at 7.000% APR, the repayment amount would be $11.61 per $1,000 borrowed. For 144 monthly payments at 7.125% APR, the repayment amount would be $10.35 per $1,000 borrowed. Payments do not include amounts for taxes and insurance premiums and, if required, the actual payment obligation will be greater.

For Fixed: Owner-occupied, 1-4 family residences and single unit condominiums only. Minimum loan amount of $25,000. Maximum loan amount of $500,000. Maximum combined loan-to-value of 80% based on assessed value (80% on appraised value). Property valuations or appraisal may be required. Appraisal required on loan amounts of $400,000 or greater. If required, applicable fees of $250-$550 to be paid by the applicant. Existing SCU Credit Union On The House Mortgage products are eligible for this promotion.

Jumbo and ARM options available.