Mortgage — Sea Air FCU

Mortgages

Your Home. Your Future. Our Support.

Affordable mortgage options designed to make homeownership simple and stress-free. Whether you’re buying your first home, refinancing, or tapping into your home’s equity, Sea Air FCU is here to guide you every step of the way. We offer competitive rates, flexible terms, and personalized service — so you can focus on what matters most: feeling at home.

Mortgage Options

First Time
Home Buyer

Down Payment
Assistance

FHA Loans

VA Loans

Senior Home
Loans

Investment Properties

Home Equity
Loans

Conventional
Loans

Refinance Your Mortgage

First-Time Homebuyer Programs

Buying a home doesn’t have to be overwhelming and confusing, especially if it’s your first time. Here are some smart strategies to help you navigate the process successfully.

Choose The Right Realtor - An experienced REALTOR® ensures a smooth, successful experience
Verify Your Down Payment - We offer down payment assistance and low downpayment programs
First-Time Buyer Advantage - City and state agencies offer programs to help first-time homebuyers
Get Pre-Approved* - It demonstrates that you are a serious buyer, giving you an advantage
Stay Within Your Budget - Set a realistic price limit and stick to it to avoid future financial stress

Take the next step to owning a home. Apply Online today.

This is not a commitment to lend. All applications are subject to credit and collateral approval. Programs, fees and rates are subject to change without notice. Other restrictions and limitations may apply. Federally insured by NCUA. Sea Air Federal Credit Union NMLS #802376. Origination support services also provided by Navigator Lending Solutions, a division of Land Home Financial Services, Inc. NMLS #1796. *A Pre-Approval is not a guarantee that your home loan transaction will close.

Down Payment Assistance

Using down payment assistance or choosing a low down payment option can ease the financial strain of purchasing a home, offering vital assistance to those with limited savings for a standard down payment.

Down Payment Assistance

Unity Grant Program – Up to 3.5% grant* with no repayment required
WithinReach 2.0 FHA – Up to 3.5% of the loan amount in the form of a 15-year fully amortizing 2nd mortgage
Link – 96.5% financing option for borrowers who do not qualify for a traditional mortgage

Low Down Payment

FHA – Down Payments as low as 3.5%

Conventional – Down Payment as low as 3% with HomeReady® and Home Possible® Advantage

VA – No money down financing options available

Take the next step to owning a home. Apply Online today.

This is not a commitment to lend. All applications are subject to credit and collateral approval. Programs, fees and rates are subject to change without notice. Other restrictions and limitations may apply. Federally insured by NCUA. Sea Air Federal Credit Union NMLS #802376. Origination support services also provided by Navigator Lending Solutions, a division of Land Home Financial Services, Inc. NMLS #1796. *Grant in the amount of 3.5% depending on borrower’s FICO score and AMI income qualification. The above advertisement has not been approved, endorsed, or sponsored by FHA or any other government agency. Available for purchase of a primary residence. Subject to Income and Loan Amount limits. Other limitations and/or requirements may apply.

FHA Loans

Within Reach™ is an affordable down payment assistance program.

Our 3.5 Down Payment Assistance program enhances accessibility to FHA loans, helping homebuyers realize their dream homes with minimal upfront expenses.

3.5% Down Payment Assistance (DPA) based on the purchase price
Down payment assistance provided as a 15-year fully amortizing second mortgage
A minimum credit score of 640 is required for qualification
Self-employed individuals, gift funds, seller credit, and manufactured homes are all acceptable for this program

Take the next step to owning a home. Apply Online today.

This is not a commitment to lend. All applications are subject to credit and collateral approval. Programs, fees and rates are subject to change without notice. Other restrictions and limitations may apply. Federally insured by NCUA. Sea Air Federal Credit Union NMLS #802376. Origination support services also provided by Navigator Lending Solutions, a division of Land Home Financial Services, Inc. NMLS #1796.

VA Loans

Thank You For Your Service to Our Nation.

Let our VA Loan options help you fulfill your dreams of homeownership. As a token of our appreciation for your service, we provide exclusive incentives for veterans, honoring the sacrifices you’ve made.

Benefits of VA Home Loans
Zero Down Payment Option
Conforming Loan Amounts: – $766,550 in the Continental US – $1,149,825 in Hawaii and Alaska
Competitive Interest Rates
Flexible Qualification Criteria
No Mortgage Insurance Required
Buyer Not Responsible for Select Closing Costs, such as Escrow, Notary, and Processing Fees

Take the next step to owning a home. Apply Online today.

This is not a commitment to lend. All applications are subject to credit and collateral approval. Programs, fees and rates are subject to change without notice. Other restrictions and limitations may apply. Federally insured by NCUA. Sea Air Federal Credit Union NMLS #802376. Origination support services also provided by Navigator Lending Solutions, a division of Land Home Financial Services, Inc. NMLS #1796

Conventional Loans

Transform your dream into reality.

Our 97% Loan-to-Value (LTV) mortgage provides a compelling alternative to FHA financing, offering potentially better terms for homebuyers, especially considering the higher monthly MIP associated with FHA loans.

Open to all homebuyers, not just first-timers
No income or sales price restrictions (loan limits apply)
Down payment can potentially be supplemented with gifts or grants
Seller concessions permitted
Applicable to single-family primary residences, including eligible condos
Available for both purchase and refinance
Homebuyer counseling may not be mandatory
Mortgage insurance may qualify for tax deductions

Take the next step to owning a home. Apply Online today.

This is not a commitment to lend. All applications are subject to credit and collateral approval. Programs, fees and rates are subject to change without notice. Other restrictions and limitations may apply. Federally insured by NCUA. Sea Air Federal Credit Union NMLS #802376. Origination support services also provided by Navigator Lending Solutions, a division of Land Home Financial Services, Inc. NMLS #1796

Refinance Your Mortgage

A cash-out refinance loan leverages your home’s equity to provide you with cash for various expenses.

Your existing loan is replaced with a new, larger one, and the difference between the new loan amount and your current balance is paid to you in cash. This allows you to access your home’s equity for financial needs.

Remodel your home to suit your needs
Pay off high-interest
Buy a second home or investment property

Take the next step to owning a home. Apply Online today.

This is not a commitment to lend. All applications are subject to credit and collateral approval. Programs, fees and rates are subject to change without notice. Other restrictions and limitations may apply. Federally insured by NCUA. Sea Air Federal Credit Union NMLS #802376. Origination support services also provided by Navigator Lending Solutions, a division of Land Home Financial Services, Inc. NMLS #1796

Senior Home Loans

Loan basics for a reverse mortgage.

More than 1 million homeowners in the US, aged 62 and over, have already benefited from Home Equity Conversion Mortgages (HECMs), also referred to as government-insured reverse mortgage loans. They’re now experiencing a more secure and comfortable retirement.

No monthly mortgage payments required.
Borrower remains responsible for property taxes, homeowner’s insurance, and home maintenance expenses.
Must meet the financial criteria of the HECM program.
Deed remains in the borrower’s name.
HECMs are insured by the Federal Housing Administration (FHA).
HECM loan can be utilized for a new home purchase.
Participation in a consumer information session provided by a HUD-approved HECM counselor is mandatory.

Take the next step to owning a home. Apply Online today.

This is not a commitment to lend. All applications are subject to credit and collateral approval. Programs, fees and rates are subject to change without notice. Other restrictions and limitations may apply. Federally insured by NCUA. Sea Air Federal Credit Union NMLS #802376. Origination support services also provided by Navigator Lending Solutions, a division of Land Home Financial Services, Inc. NMLS #1796

Investment Properties

Overview of the benefits and types of residential financing for investors.

Investing in residential real estate can be a lucrative endeavor, offering a blend of long-term appreciation, rental income, and tax benefits. However, securing the right type of financing is crucial to maximizing these benefits.

Types of Residential Financing for Investors

Conventional Loans
Conventional loans are the most common type of residential financing, usually with fixed interest rates and requiring 20-30% down. Rental income from investment properties can be used for qualifying
Home Equity Loans and HELOCs
Home equity loans and HELOCs allow investors to borrow against their equity. Home equity loans provide a lump sum with fixed terms, while HELOCs offer a revolving line of credit—ideal for purchases, renovations, or other investments.
Bridge Loans
Bridge loans are short-term loans that help cover new property purchases while awaiting the sale of existing ones. With higher rates and shorter terms, they provide quick liquidity for new investments.

Understanding Your Options

Residential real estate investors have various financing options available. Knowing the benefits and types of financing options is essential for making informed investment decisions.

Take the next step to owning a home. Apply Online today.

This is not a commitment to lend. All applications are subject to credit and collateral approval. Programs, fees and rates are subject to change without notice. Other restrictions and limitations may apply. Federally insured by NCUA. Sea Air Federal Credit Union NMLS #802376. Origination support services also provided by Navigator Lending Solutions, a division of Land Home Financial Services, Inc. NMLS #1796