We offer fixed rates on 15-, 20-, or 30-year loans.  We also have a 10-year in-house loan with no origination fee. 

SCCU also participates in two programs through Freddie Mac and one through the U.S. Department of Agriculture to help buyers get into their chosen homes.  

Freddie Mac 100 (Freddie Mac)

$ Good credit eliminates the need for a large down payment.

$ Requires as little as 3% for a mortgage.

$ The 3% can come from personal funds, a gift, or another unsecured loan.

$ Flexible options on terms and rates.

$ Can be used to refinance a mortgage at a lower rate.

$ Two months of reserves required.

Home Possible Mortgage (Freddie Mac)

$ Requires as little as 3% down for qualified borrowers.

$ The 3% can come from personal funds, a gift, or another unsecured loan.

$ Refinance to a lower rate with less cash.

$ Flexible options on terms and rates.

 

Guaranteed Rural Housing (USDA)

$ Live outside city limits for less—no down payment required.
(The city of Ashland is considered rural and falls into this program.)

$ No private mortgage insurance or reserves needed.

$ No purchase price limitations.

$ Closing costs can come from a variety of sources—personal funds, a gift, down payment assistance programs, and community organization grants.

$ Affordable fixed interest rate with a 30-year term.

Call our rate line at (715) 398-8954 for the most current rates!

Have questions or ready to apply?  Call the loan staff at any of our branches during business hours and get started!  Click on the Locations and Hours tab above for a complete listing of branch offices and phone numbers. You can also apply online for purchase and refinance—click here.