CCU's Construction-Permanent Mortgage Loans are available for primary residences and feature:
How to Apply:
Speak to a Mortgage Specialist 24 hours a day, 7 days a week: 321.690.2328 (outside Brevard, 800.690.2338).
Apply Online: Click the image below.
These mortgage loan programs constitute first mortgage liens secured by the home and property. The down payment is determined by the Loan to Value ratio. (80% LTV = 20% down payment). Our usual credit criteria apply. Loan rates are based on credit history, loan terms, and borrower qualifications. Contact CCU to determine your rate. * The Interest-Only payment period requires you to make minimum interest payments during the construction phase. At the end of the interest-only construction period, your loan will convert to a fully amortized loan, and you will begin making payments towards both principal and interest, which will increase your monthly payment, possibly substantially, even if you have a fixed interest rate. Always consider making more than the minimum payment during the interest-only period to begin reducing principal. ** A Jumbo loan is defined as a loan amount of $424,100 or greater.