Southernmost Federal Credit Union has partnered with AmeriCU Mortgage to ensure that all of your mortgage needs are covered. We will work closely with you, listen to your concerns, answer questions as they arise, and find great programs at rates that are right for you. Do you speak Spanish? We provide bilingual assistance as well. We'll be here every step of the way!
Products
Designed with you in mind, our broad range of loan programs allows us to accommodate a wide array of members. Whether you're shopping for your very first home or looking to downsize now that the kids have all moved out, we have home financing options to fit almost anyone. Our most popular products are below, but these are not all we offer. To learn more about extended financing solutions, click here.
A conventional loan is our most popular mortgage option for members looking to purchase or refinance a home. They are not guaranteed or insured by any government agency and conform to the loan limits set by the Federal Housing Finance Administration (FHFA).
WHY CHOOSE CONVENTIONAL?
Low down payment options
Second home and income properties are eligible
Private mortgage insurance not required with certain down payment options
An FHA loan is a mortgage loan issued by federally qualified lenders and backed by the Federal Housing Administration. Designed for low-to-moderate income borrowers who are unable to make a large down payment— they are typically more flexible in credit and income requirements than conventional loans.
WHY CHOOSE FHA?
Low down payment requirement
Allows seller to pay up to 6% of closing costs
Flexible credit guidelines
A VA loan is a mortgage that is backed by the Department of Veterans Affairs for veterans, active military personnel and military spouses who qualify. With no down payment requirement and competitive interest rates, it's a great choice for eligible applicants.
WHY CHOOSE VA?
No down payment options
No monthly mortgage insurance
Competitive interest rates
USDA loans are mortgages for homes in eligible rural areas and are backed by the United States Department of Agriculture. USDA loans are geared towards low-to-moderate income families looking to finance a home. They offer low interest rates and no down payment is required.
WHY CHOOSE A USDA LOAN?
No down payment options
Low monthly private mortgage insurance
Flexible credit guidelines
Members may choose from 203(k) Limited & Standard as well as HomeStyle products when they choose Renovation. We offer programs to accommodate major as well as minor renovation costs, giving you the flexibility to do more with your new home. Consulting with a mortgage professional is the best way to determine the program right for you! To learn more about Renovation, click here.
WHY CHOOSE RENOVATION?
Combine renovation costs with mortgage financing
Flexible credit guidelines
Ability to finance whole home remodel
A jumbo mortgage is a home loan for an amount that exceeds conforming loans limits set by the Federal Housing Finance Agency (FHFA). These loans are designed to finance luxury homes as well as properties in highly competitive real estate markets.
WHY CHOOSE A JUMBO MORTGAGE?
Loan amounts up to $2 million
Low interest rate for qualified borrowers
Time to Refinance?
If you're looking to lower your monthly payment, shorten your loan term or get cash out of your property for repairs or unexpected expenses, refinancing your mortgage is a great option. With specialized programs like the VA IRRRL and FHA Streamline, we can help.
Our mortgage professionals will work with you to determine the best program for your financial future and make sure that all of your questions and concerns are answered honestly and urgently so you'll never feel out of the loop.
Get in Touch!
Contact our local mortgage professional today
Simply fill out the form below to send us a message, and a mortgage professional will contact you within 24 hours.(305) 290-2869
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