Dreaming of a new home or looking to refinance your current home?

SCU Credit Union offers members The Rate Improver Mortgage – TRIM™

With rates moving lower SCU Credit Union is offering members who are interested in a mortgage that provides the surety of a traditional 30-year fixed-rate mortgage with one tremendous advantage. TRIM™ allows members to float down their rate once within the first five years of the mortgage without paying any costs, starting 6 months after satisfactory mortgage payments. Other restrictions apply.

The TRIM™ mortgage is available for single family owner- occupied dwellings or owner-occupied warrantable* condominiums.

The maximum loan amount is $800,000 and your mortgage can go up to 95% Loan to Value ( LTV) of the property.
Mortgage insurance is required over 80% LTV.
Minimum FICO score 620.
$750 Processing Fee.

Please contact Ingrid Williams at 508-408-6341 for additional details.

The Rate Improver Mortgage – TRIM™
Effective Date: December 19, 2024
Term	Rate	Points	APR*	Payment per $1,000
30 Years	7.000%	0	7.052%	$6.65
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You can follow mortage rates by visiting the Primary Mortgage Market Survey (PMMS) by Freddie Mac and checking the “30-yr FRM” rates, so that you can determine the optimal moment to float down your rate. Once you decide to float down, contact us. Your new lower rate will be locked at no additional cost!

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Not a member yet?

Membership in SCU Credit Union is open to people residing or employed in the counties of Norfolk, Suffolk, Middlesex, Plymouth, Barnstable or Bristol of the Commonwealth of Massachusetts and Providence, Bristol and Newport counties of the State of Rhode Island. Additionally, family members of eligible persons may apply for membership regardless of location. A family member shall include a spouse, son, daughter, mother, father, sister, brother, aunt, uncle, cousin, grandparent, or grandchild.

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Joining is simple!

Why join SCU Credit Union? Because membership is more than being just a customer. You are part-owner of a financial cooperative that strengthens and builds the communities around you. Keeping your money in a community credit union helps your neighbors and local businesses reach their financial goals and prosper. To become a member, all you need is a $5.00 Savings Account. You can open your account online or stop by a branch near you.

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* A warrantable condo is a home that Fannie Mae and Freddie Mac consider to meet their minimum standards. A condominium project that they classify as warrantable means they will allow conforming loans to be used to buy those homes.