888-599-2265
info@sbgecu.org
Facebook
RatesNewsLocations & HoursContact
Southbridge Credit Union
  • Personal
    • Checking Accounts
      • Kasasa Cash® Checking
      • Kasasa Cash Back® Checking
      • Super NOW Checking
      • Kasasa Protect™
    • Savings Accounts
      • Prime Share Savings
      • Kasasa Saver with Cash®
      • Kasasa Saver with Cash Back®
      • Regular Share Savings
    • Money Market
    • CDs & IRAs
    • Club Accounts
    • Cards
      • Debit/ATM Card
      • Credit Cards
      • Mobile Wallet
        • Apple Pay
        • Samsung Pay
        • Google Pay
      • MasterCard ID Theft Protection™
      • eNFACT: Fraud Protection
      • CardValet®
    • Insurance
      • VPI Pet Insurance
  • Business
    • Business Checking
    • Business Loan Products
      • Business Line of Credit
      • Real Estate Loans
      • Equipment Loans
    • Business Credit Cards
    • Business Money Market
    • Online Rent Collection Services
  • Lending
    • Consumer Loans
      • Personal Loans
      • Auto Loans
      • Motorcycle Loans
      • Pool & Spa Loans
      • Recreational Vehicle Loans
      • Power Sports Loans
      • Mobile Home Loans with Co-op Share
      • Home Improvement Loans
      • Mass Save HEAT Loan Program
    • Student Loans
      • Student Loan Program
      • Student Loan Refinancing Program
    • Mortgages
      • Fixed Rate Mortgage
      • Adjustable Rate Mortgage
      • Construction Permanent Mortgage
      • Vacation Property Mortgage
      • Land Mortgages
      • Online Mortgage Application
      • Mortgage Loan Originator Listing
      • Foreclosed Property Listings
    • Home Equity
    • Business Loan Products
      • Business Line of Credit
      • Real Estate Loans
      • Equipment Loans
  • Services
    • Insurance
      • VPI Pet Insurance
    • Investment Services
    • Online Banking & Bill Pay
    • Mobile Banking: SCU 2 Go
    • eStatements
    • Wire Transfers
    • 24-Hour Telephone Banking
    • Protected Deposits
    • Kasasa Protect™
    • Safe Deposit Boxes
    • Night Depository
    • Signature Guarantee
    • Online Rent Collection Services
  • Resources
    • Rates
    • Member Privacy
    • Disclosures
    • Financial Calculators
    • Online Applications
    • Reorder Checks
    • Schedule of Fees
    • Business Services Fee Schedule
    • Literature
    • Member Education
    • Employment Application
    • Consumer Account Regulation
  • About
    • Contact SCU
    • Locations & Hours
    • Become a Member
    • Community Citizenship
      • Fund Recipients
      • Apply for a Donation
    • News
    • Careers
  • Pay My Loan
  • Account Access

Mortgage Loans & Refinancing

Buying or refinancing a home can be exciting. But let’s face it – it can also be confusing. That’s why our experienced mortgage lenders will take their time and explain the total process to you. We’ll break it down into manageable steps. Southbridge Credit Union offers a variety of fixed and adjustable home mortgage products for your new purchase or refinancing needs. And, it’s important to note that our mortgage products are locally serviced by SCU.

Visit Our Online Mortgage Center
Fixed Rate Mortgage
Adjustable Rate Mortgage
Construction Permanent Mortgage
Vacation Property Mortgage
Land Mortgages

Fixed Rate Mortgage

Fixed Rate Mortgage

We offer a fixed rate mortgage with a monthly or bi-weekly payment schedule. This ensures the monthly principal and interest payments remain the same throughout the life of the loan. The most common mortgage terms are 30 and 15 years. With a 30 year fixed rate mortgage, your monthly payments are lower than they would be on a 15 year fixed rate, but the 15 year loan allows you to repay your loan twice as fast and save more than half the total interest costs. If you like to know exactly what each payment amount will be, then a fixed rate mortgage is right for you!

Visit Our Online Mortgage Center

Adjustable Rate Mortgage

Adjustable Rate Mortgage

Don’t care if your monthly payments fluctuate? Then let us introduce you to the adjustable rate mortgage known as ‘ARM’. The adjustable rate mortgage has an interest rate that is adjusted periodically during the term of the loan. Generally, these changes are determined by a margin and an index so that the interest rate changes, up or down, are based on market conditions at the time of the change. Most often these interest rate changes are limited by a rate change cap and a lifetime cap. Southbridge Credit Union offers 1 year, 3 year, 5/1 year, 7/3 year, and 10/5 adjustable rate mortgages.

Visit Our Online Mortgage Center

Construction Permanent Mortgage

Construction Permanent Mortgage

Building a new home? A construction permanent mortgage from SCU is the right one for you. We offer 80% loan-to-value financing, and once your home is completed, the mortgage is automatically converted to permanent financing. For rates, please call 888-599-2265 and ask to speak with our lending center.

Subject to credit approval. Rates subject to change without notice. Maximum loan amount is $1,500,000.00. SCU may lend up to 80% of the loan-to-value of the appraised value as built. Applicant to pay for closing cost. Closing fees apply. Property Insurance is required to open and maintain the construction mortgage. Construction loan is only for owner-occupied 1-4 family dwellings. Membership to SCU requires a one-time dividend-earning deposit of $5.00 in a prime share account. Equal Housing Opportunity. Equal Opportunity Employer. Federally insured by NCUA. NMLS ID#: 616673.
Visit Our Online Mortgage Center

Vacation Property Mortgage

Vacation Property Mortgage

Have you found your dream vacation home? Perhaps it’s by the beach or the grandchildren. Southbridge Credit Union wants to help make your dreams come true. We’ll help you choose the perfect mortgage for your individual situation and walk you through each step of the process. For rates, please call us at 888-599-2265 and ask to speak with our lending center.

Visit Our Online Mortgage Center

Land Mortgages

Land Mortgages

Found the perfect location for your new home but you’re not ready to build the home of your dreams? At Southbridge Credit Union, we offer land mortgages to purchase the land without rushing to build it right away. Once the land is paid off, you will be ready to build with a construction permanent mortgage through Southbridge Credit Union.

Visit Our Online Mortgage Center

Got Big Plans? Find a Mortgage

  • Fixed Rate Mortgage
  • Adjustable Rate Mortgage
  • Construction Permanent Mortgage
  • Vacation Property Mortgage
  • Land Mortgages

Other Helpful Mortgage Tools

  • Online Mortgage Application
  • Mortgage Loan Originator Listing
  • Foreclosed Property Listings

Need Insurance? SCU Can Help!

  • Life Insurance
  • AD&D Insurance
  • Auto & Home Insurance
  • Credit Life & Credit Disability Insurance
  • VPI Pet Insurance
Become a Member
Questions? Call Us at
888-599-2265

“The level of service I recently received from Jordan Hoy at Southbridge Credit Union was truly above and beyond any banking service I have ever experienced. To have someone go the extra mile on my behalf has given me confidence to expect nothing but the best from Jordan and the credit union in general.”

Chris LaBonteSCU Member

“Since becoming a member of SCU, I have expanded my perspective on small financial institutions, and I will never go back. The friendliness of the staff and the warm community feeling has been wonderfully apparent. I was most impressed recently when my husband and I went through the process of buying our first home. Every step was handled professionally and with friendly, prompt service by Lisa Gatzke and her team. Add to that the fact that no other bank could beat the rates and give us the special accommodations we needed, and it was obvious who we wanted to work with! Thank you Southbridge Credit Union for making our first home-buying experience easy, pleasant, and smooth!”

Michelle AndersonSCU Member

“When you are part of Southbridge Credit Union, you have access to world class benefits – low rates, exceptional service (I cannot stress this enough) and the products and services you deserve as a member. Here, you can expect access to your money the way you want and when you want it. So whether it’s online, on your mobile device, in person, or at an ATM, they have what you need. After being a member for over 40 years, I still feel the personalization of a small bank to where it has grown to today.”

Robert L. PoirierSCU Member

“Angie was very helpful and professional when I applied for a first mortgage and later, for a home equity loan. I had a great experience on both occasions, and she was very efficient processing all the associated paperwork. I would highly recommend her to anyone looking for a friendly helpful professional to assist with any lending needs.”

Bob CournoyerSCU Member

“I have been a customer of Southbridge Credit Union for the past seven years. After shopping for a mortgage online (Quicken, Lending Tree, etc.) I then looked at local lending institutions. What I discovered was SCU had the lowest rates of all. In addition to my mortgage, I now have a home equity line of credit and two auto loans. SCU’s rates are competitive and the bank personnel are always pleasant and willing to help to meet the needs of the customer. The customer service is second to none at SCU and I will continue to do business with them in the future.”

Chris HavenSCU Member

Southbridge Credit Union

Main Branch

179 Main Street
Southbridge, MA 01550
888-599-2265
info@sbgecu.org
Connect with us!
Find a Location

We’ve Got You

Personal Banking

Checking Accounts
Savings Accounts
Debit/ATM Card
Credit Cards

Business Banking

Business Checking
Business Loan Products
Business Credit Cards

Lending

Consumer Loans
Student Loans
Mortgages
Home Equity
Credit Life & Credit Disability Insurance
Business Loan Products

Access Your Account

Log In

First time user? Click here.

NCUA MSIC Equal Housing Opportunity
NMLS #616673

Routing #211385705

© 2021 Southbridge Credit Union. All Rights Reserved.

  • Schedule of Fees
  • Business Services Fee Schedule
  • Member Privacy
  • Disclosures
  • Protected Deposits
  • Sitemap