Community Heroes Mortgage Program
Sun East is proud to offer an additional 0.25% rate discount¹ on approved Sun East mortgage loans as a thank you to the Community Heroes who serve us all.
Sun East Community Heroes Program Benefits
With a 0.25% rate discount¹, you could save $40,000 or more in interest over the life of a $500,000 mortgage.* The Community Heroes Mortgage Program is our way of giving back, offering personalized support and exclusive benefits to help you achieve your goals:
- Receive a 0.25% discount¹ off the approved loan rate.
- Borrow up to a 95% Loan-to-Value (LTV) ratio for those with a FICO score of 660 or higher.
- Eligible for up to 6% seller’s assistance.
- 100% of gift funds from family members can be used for the down payment or reserves.
Built for those who serve our communities
We are proud to support Community Heroes in roles such as:
First Responders
- Law Enforcement Officers
- Firefighters
- Paramedics and EMTs
Military Service
- Active Duty Military
- Veterans
Education
- Public School, College, University, and Trade School Faculty and Administrators
Healthcare and Wellness
- Medical and Pharmacy Employees
- Health and Wellness Support Staff and Administrators
Current Mortgage Rates
40-Year Fixed
5.875%
30-Year Fixed
5.875%
15-Year Fixed
5.375%
30-Year Fixed FHA
5.990%
30-Year Fixed Jumbo
6.625%
5/1 Adjustable-Rate Mortgage (ARM)
6.625%
Frequently Asked Questions About Community Heroes Mortgage Program
Disclaimer
1 Private Mortgage Insurance (PMI) and escrow are required for loans with an LTV exceeding 80%. Maximum debt-to-income (DTI) ratio of 50% is permitted. Available for all loan programs (excluding Government programs) with a maximum loan amount of up to $832,750. Requires a minimum of two months’ PITI reserves (principal, interest, taxes, and insurance) remaining after closing. Eligible properties are limited to single-family residences or one-unit condos used as primary residences; investment properties, second homes, manufactured homes, and duplexes are not eligible. Program available for first-time homebuyers, as well as self-employed individuals. When all buyers are first-time homebuyers, at least one occupying homeowner must complete homeowner education through a Housing and Urban Development (HUD)-approved agency. Grants are not permitted, and escrow is required for property taxes and homeowners insurance. Applicants must be U.S. citizens or permanent resident aliens, meet membership eligibility requirements, and provide a full Federal National Mortgage Association (FNMA) 1004 appraisal.
*Example based on a $500,000 40-year fixed-rate mortgage at 5.875% compared to 5.625%. Estimated monthly principal and interest payments of $2,707.63 at 5.875% and $2,621.51 at 5.625%. Taxes and insurance not included. Actual savings will vary based on loan terms.
Sun East Federal Credit Union partners with First Heritage Realty Alliance in order to extend real estate services to our membership consistent with the attention and quality that we provide for all of our members. While Sun East has an ownership interest in First Heritage Realty Alliance and First Heritage Financial, LLC, Sun East is NOT a real estate company. First Heritage Realty Alliance is the real estate company that we trust for all of our members.
Please note, our partnership with First Heritage Realty Alliance is for the convenience of our members, but is not required. Our members are free to utilize, and we are happy to work with, any real estate company of our members’ choosing.
Sun East Federal Credit Union, NMLS#433893, and First Heritage Financial, LLC, NMLS#506371, are equal opportunity lenders. Rates are subject to change daily based on market conditions and creditworthiness. Offer not valid on existing Sun East loans and is subject to end without notice; other terms and conditions may apply. For more information, visit https://suneastfcu.mymortgageapps.org/suneast or call 1-877-5-SUNEAST x765.
Third party linked websites are not under the control of Broadview Federal Credit Union. We are not responsible for the content on those sites and their privacy and security policies may differ from ours. We represent neither you nor the third party in the event that you enter into a transaction.