Real Estate
Lending Services
Real Estate Lending Services
Your Home, Your Investment, Your
Credit Union
UCF FCU has a wide variety of real estate lending
choices to meet your needs when you qualify.
Real Estate Loans
First Mortgage –
Fixed Rate Mortgage
A conventional fixed rate fully amortized loan.
• 10, 15, 20 or 30 year terms available
• Minimum loan amount $25,000
• Point options include 0, 1% and 2%
• No prepayment penalties
• Refinancing available
First Mortgage –
3/1, 5/1, 7/1 and 10/1 Adjustable Rate
Mortgage (ARM)
A conventional adjustable rate loan. The interest
rate and payment are fixed for the first 3, 5 ,7 or
10 years adjusting annually thereafter for the
remaining term. If you plan to sell or refinance
your home within 3 to 10 years, this could be the
ideal mortgage for you.
• 30-year term
• Minimum loan amount $25,000
• Point options include 0, 1% and 2%
• Initial interest rate is usually lower than a fixed
rate mortgage
• Security of a 2% annual cap and a 6% lifetime cap
• No prepayment penalties
• Refinancing available
First Mortgage –
Home Loan Payment Relief (HLPR)
This option provides first-time homebuyers with
a 30 year fixed-rate mortgage priced so it’s below
our standard 30 year product.
• No pre-payment penalty
• Down payment required
• Minimum loan amount $25,000
• Primary residence only
• Household income restrictions apply
• Reduces closing costs
Federal Housing Administration (FHA) –
Fixed Rate Mortgage
A fixed rate loan. This option offers low down
payments and low closing costs. A down
payment can be as low as 3.5% of the purchase
price and some closing costs and fees can be
included in the loan.
• 15 and 30 year amortization available
• Low down payment
• Financing available up to 96.5% loan to value
• Purchase transactions only
Second Mortgage
A fixed rate fully amortized second mortgage
perfect for additions or renovations on your home.
• Terms up to 15 years
• Minimum loan amount
$7,500; maximum loan
amount $400,000
• Rate based on loan-to-value
ratio and term financed
• No prepayment penalties
Home Equity Line of Credit
(HELOC)
An open-end revolving line of
credit secured by the equity in
your home. This could be just the right loan to
add a pool, take a vacation or consolidate bills.
• 35-year term (20-year “draw period” with a final
15-year repayment period)
• Minimum loan amount $7,500; maximum loan
amount $400,000
• Rate based on Wall Street Journal prime + a
margin
• Interest paid may be tax deductible (consult
your tax advisor for details)
• Accessible by check, MATT Web, MATT Phone
and in-person
Lot Loan (Undeveloped Land)
A loan for purchasing vacant land intended for
the future construction of your home.
• 5-year fixed rate term or 5-year balloon with a
15-year amortization
Rate Update
Current real estate rates are always available:
• Visit our website at ucffedcu.org
• By calling the Member Service Center
(407) 896-9411, or (800) 771-9411 outside
Orlando, option 3
• In all branch locations
All first mortgages require mortgage insurance
if the loan-to-value ratio is over 80%. Adjustable
rate mortgages are not available on second or
vacation homes.
Apply through MATT Web, in person or by phone.
Please contact a home loan specialist to learn
about additional home loan products that
may fit your needs. Visit our website or call our
Member Service Center and ask to speak to a
home loan specialist.
UCF FCU’s Realty Rebates for
Buying and Selling
Make your next move your best move...AND
GET CASH BACK TOO! With our no-cost
Realty Rebates Program, moving across town or
across the country is made simple and
financially rewarding!
We know that whether you’re doing it for the
first or the fifth time, buying or selling a home
can be an uncertain experience. With our Realty
Rebates Program, you can eliminate a lot of
stress. And, in addition to getting cash back1
after you close, you’ll reap the rewards that
come from working with our knowledgeable
and specially trained real estate experts, who’ll
make your move simpler and faster.
Save Time and Money
The Realty Rebates Program saves you time
and money by putting the best real estate
professionals to work for you. Work with specially
trained agents from national brokers you know
and trust – CENTURY 21®, Coldwell Banker®, ERA®,
and Sotheby’s International Realty®.
Less Stress Moving and Cash Back
As a credit union member, when you buy and/or
sell your home or investment property through
the Realty Rebates Program, you’ll reap the
rewards:
• Personal attention - a dedicated Real Estate
Consultant who’ll provide you with one-onone attention and guidance throughout the
entire purchase and/or sales process
• Experienced real estate coordination
• Access to top tier, certified local real estate
agents from nationally recognized brokers
• Cash-back bonus - earn $200 to $2,000 back
on the sale or purchase of a home1
Sales Price of Property Rebate
Sales Price of Property
$50,000 - 99,999
$100,000 - 149,999
$150,000 - 199,999
$200,000 - 249,999
$250,000 - 299,999
$300,000 - 349,999
$350,000 - 399,999
$400,000 - 449,999
$450,000 - 499,999
$500,000 +
Rebate
$ 200
$ 500
$ 700
$ 800
$ 1,000
$ 1,200
$ 1,400
$ 1,600
$ 1,800
$ 2,000
Call (888) 361-4724 or visit ucffedcu.org/
realestate and click “Other Services” for more
information on Realty Rebates.
1
All real estate commissions are negotiable. Contact the Realty
Rebates Program for terms and conditions and to confirm
eligibility.
Locations:
Challenger Parkway Branch
12253 Challenger Parkway
Orlando, FL 32826
Phone: (407) 249-0008
Fax: (407) 380-2080
Campus Branch
Universi ty of Central Florida
JT Washington Center - Bld. 26, Room 107
Orlando, FL 32816
Phone: (407) 823-3176
Fax: (407) 823-5534
University Commons Branch
12226 Corporate Boulevard, Suite #100
Orlando FL 32817
Phone: (321) 281-1959
Fax: (407) 482-1216
Phone:
407-249-0008
(UCF FCU Member info line)
Online:
www.ucffedcu.org
facebook.com/ucffed
twitter.com/ucffcu
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Federally insured by NCUA