Contemplating buying, building, or remodeling your home? Perhaps it is time to consider refinancing your existing mortgage? Your credit union is the place to start. SouthPoint Federal offers 1st and 2nd mortgages, First Time HomeBuyer Loans, along with Home Equity Lines of Credit all at competitive rates and with low closing costs. Because you are a member/owner we know you and will help you make educated decisions.

Click here to check out our current rates!

Finance Your Home Purchase

Qualify for as little as 3-5% down payment, call 1-877-794-6712 for more information or email us.

Home Equity Loans and Home Equity Line of Credit.

Find out how a these options can help you meet your financial needs. Use the equity in your home to pay off high interest rate credit cards, purchase a vehicle, do some home improvements or anything else you may need. The friendly staff at SouthPointFederal is here to help you find the loan to fit your financial needs. To apply for a Home Equity Loan, please stop by any of our locations or call 1-877-794-6712 for more information.

First Time Home Buyer Program

There has never been a better time to be a first time home buyer. Declining home prices, record low mortgage rates, and SouthPoint Federal Credit Union's First Time Home Buyer program might make it the perfect time for you to stop renting and start building equity in a home of your own. SouthPoint Federal Credit Union will offer 15 and 30 year fixed rate real estate mortgages to members who are buying their first home.

TERMS

15 or 30 year fixed interest rates. See our rates page for our current rates.

5% down payment*

No PMI required for loans with a 10% down payment

Closing cost of $600 or 1.00% of the loan amount, whichever is greater**

* Requires Private Mortgage Insurance (PMI)
**This covers: Title Opinion, Appraisal, Recording Fees, Mortgage Registration Tax, Flood Certification, Closing Fees

REQUIREMENTS

Member and/or member's spouse has not owned a home in the past

Normal underwriting standards for members on 90% LTV loans

Loans with mortgage insurance will have to meet criteria of the insurance company

SouthPoint checking account required

Automatic payments from SouthPoint checking account required

1 - 4 family, owner occupied

This is for informational purposes only. Subject to SouthPoint Federal Credit Union policies, rules, and regulations. Program subject to change at anytime without notice.

Find and Sell Property

Thinking about buying, selling, or refinancing? You can find properties in your area at Realtor.com. You'll find helpful tools like home search, home value and other calculators, community information, moving quotes and more.