Suncoast News SPRING 2021
In this issue: • Spring Into a New Home
Spring Into a New Home
• Our Credit Card Meets Your Needs • New Resource from STIS • Show Love to Your Pet • Want a Better Auto Loan Rate? • Make the Most of Your Tax Return • Community and Foundation 2020 Recap • Celebrate Financial Literacy and Youth Month • Suncoast is Proud to be Green • Let’s Connect
Spring brings more than just beautiful weather, it’s also an opportune time to buy or sell a home. BIG SAVINGS FOR FIRST TIME HOME BUYERS If you’re ready to buy your first home, we want to help you save money. Suncoast has enhanced our First Time Homebuyer 10/1 Adjustable Rate Mortgage (ARM) program to expand opportunities for new homebuyers.* We make it easy to get your first home and save money with our 10/1 ARM: • Maintain your interest rate for at least 10 years • Up to 97% financing available • Save on your monthly payments since private mortgage insurance isn’t required • Ask us how you may qualify with as little as 1% of your own funds when combined with a 2% gift from an immediate family member • Suncoast will pay up to $3,000 toward your qualifying closing costs**
SUNCOAST REALTY SOLUTIONS MAKES THE WHOLE PROCESS A BREEZE From helping you find your dream home all the way through closing, our REALTORS® will advocate for you every step of the way. Buying your first home can be overwhelming, but our expert negotiators make it easy to help you get the most advantageous offers accepted. EXCLUSIVE SAVINGS FOR YOU If you buy a home with the help of Suncoast Realty Solutions and either use Members Insurance Center for your property insurance or get your mortgage through Suncoast Credit Union*, you can save even more by receiving a buyer rebate of 20% of the broker’s commission.
Learn more at suncoastcreditunion.com
*Please note the maximum household income permitted to qualify for this program is 200% of the HUD Area Median Income in the county in which the property is located. You must complete a Suncoast approved First Time Homebuyer class and provide the certificate of completion prior to closing. Visit HUD.gov to locate a local class in the county of the property being purchased or complete an online course offered by Fannie Mae. There is an up-front, non-refundable fee for the online class charged by, and paid directly to Fannie Mae. Visit the Fannie Mae online course website. **Suncoast will contribute up to $3,000 (Closing Costs Benefit) toward your closing costs when you select our First Time Homebuyer 10/1 ARM product for the purchase of your primary residence. Suncoast will not pay closing costs for discount points to obtain a lower rate or monies necessary to establish escrow accounts (taxes and insurance). If the mortgage is paid in full during the first 24 monthly payments of the loan, borrowers will be required to repay the Closing Costs Benefit to Suncoast for the amount reflected as “Lenders Credits” on the Closing Disclosure. The 24 month term begins with the first payment due date of the loan. All Sellers paid closing costs will be credited prior to any credits for the Closing Cost Benefit to be provided by Suncoast. Not to be combined with any other offers. Credit Union membership required. Minimum deposit required for membership $5.00. All accounts and services subject to individual approval. Offer applies to primary purchase transactions. Loans are subject to credit approval and other underwriting criteria, and not everybody will qualify. Suncoast Credit Union NMLS ID # 417636.