The Rate Improver Mortgage
Float down your interest rate once, at no additional cost!
- Rate Adjustment: Float down your interest rate once within the first 5 years, giving you flexibility if mortgage rates fall after you buy your home.
- Broad Eligibility: Available for single-family owner-occupied homes or warrantable owner-occupied condominiums with loan amounts up to $800,000.
- Affordable Financing: Finance up to 95% Loan-to-Value (LTV) with a minimum FICO score of 620. Mortgage insurance is required for loans over 80% LTV.
With TRIM™, you can take advantage of changing market conditions without the hassle of refinancing, making it a great choice for first-time buyers or anyone searching for savings.
Start Your Journey Today!
Apply online now, speak with one of our experienced mortgage consultants, or visit your local SCU Credit Union branch to learn more about the Rate Improver Mortgage. We're here to help you every step of the way.
How does TRIM™ work?
The unique feature of TRIM™ is its “float down” option. After six months of consistent mortgage payments, you can request to lower your interest rate if market rates drop—at no additional cost. Plus, you don’t have to worry about refinancing headaches! Simply enjoy the savings and flexibility right within your existing mortgage.
Get pre-approved with SCU Credit Union's Smart Start Program. Down payments starting at 3%, up to $1,000 closing costs credit, and fast processing.