• Mortgages & Home Loans

Mortgages

 

Advantage Mortgage

  • Own your home in 8 or 12 years

  •  Refinance your mortgage from another lender

  • Available on 1-4 family, owner occupied dwellings in Connecticut

  • Finance up to 80% of the value of your home 

Fixed-Rate Mortgage

  • Available on owner-occupied properties in Connecticut

  • Interest rate remains the same for term of loan

  • Monthly payment is the same for term of loan

  • Terms of 10-30 years

Adjustable-Rate Mortgage (ARM)

  • Available on owner-occupied properties in Connecticut

  • Lower payment and interest rate for first year

  • Interest rate and payment amount subject to increase or decrease annually after first year

Mortgage Refinancing

  • Available on owner-occupied properties in Connecticut

  • Refinancing of existing mortgage loan from another institution

  • Fixed or adjustable rates available

  • Competitive mortgage rates save money

Home Equity

Use the equity in your home to make home improvements, purchase a vehicle, consolidate debt, pay tuition or other expenses. Whatever your needs, you'll find we offer access with a variety of equity services.

Home Equity Line of Credit (HELOC)

  • Connecticut owner-occupied primary residence only

  • Check writing access

  • Minimum loan amount: $15,000

  • Borrow up to 80% of value less remaining mortgage balance

  • Prepayment penalty of 1% if paid in first 24 months unless refinanced with SFCU

Home Equity Fixed-Rate Loan (HEFIX)

  • No application fee

  • Connecticut owner-occupied properties only

  • No prepayment penalty

  • Minimum loan amount: $10,000

  • HEFIX: Up to 80% of value less remaining mortgage balance

  • Hazard insurance(s) naming Sikorsky Credit Union as a mortgagee required on all loans

  • Credit life/disability insurance also available