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An SLFCU mortgage saves you money.Don't spend thousands on closing your mortgage.*
SLFCU's low closing costs save you money now. And, first time home buyers with good credit can roll their closing costs into their adjustable rate mortgage for just a few extra dollars a month. While you save money, our rate and payment caps give you peace of mind.
Lock in SLFCU's low payments for three to five years. Because your rate is tied to the stable Ten-Year Treasury Bill, adjustments are less drastic than those tied to the Prime Interest Rate. And, if the index declines, you save money automatically.
The Federal Reserve Bank has hiked short term rates by more than 4 percentage points since 2003 but the rate of the US Ten-Year Treasury Bill, adjusted for inflation, has barely moved.
You'll never face hidden costs like pre-payment penalties if you pay your loan off early.
SLFCU also offers jumbo loans for most loan products, including SmartARMTM and SmartValueTM mortgages, fixed rate mortgages, second mortgages, construction loans, Home Equity CreditLines, and rental and investment property loans.
While many lenders bump up jumbo closing costs, you can save with SLFCU.
*Average US closing costs range from $2,500 to $5,000 or about six percent of your loan. Source: Quicken Loans®
Please check the 'Rates' page for mortgage disclosures.
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