Suncoast Community Heroes 3/3 Adjustable Rate Mortgage (ARM)

Suncoast's Community Heroes loan program helps our everyday heroes achieve their home ownership dreams with low fixed rate and adjustable rate mortgage options.

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Special Mortgage and Refinance Options for Everyday Heroes

Mortgage and Refinance Options to Meet Your Needs

Who Qualifies?

  • All full-time public and private school employees (K-12, Post-secondary)
  • Active military, National Guard and reservists
  • Spouses of military members who lost their lives during active service
  • Veterans
  • Physicians, nurses, paramedics and EMTs
  • All public law enforcement employees
  • All fire department employees


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Everyday Heroes 3/3 Adjustable Rate Mortgage FAQ

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^ Suncoast will contribute up to $3000 towards closing costs (Closing Costs Benefit) when the 3/3 Right Time ARM product is selected for the purchase or refinance of a primary residence. All Sellers paid closing costs will be credited prior to any credits for the Closing Cost Benefit to be provided by Suncoast. 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 Lender Credits on the Closing Disclosure. The 24 monthly period begins with the first payment due date of the loan.


^^ The subject property must be the member’s primary residence. The member must contribute (and satisfactorily document accordingly as their own funds) a minimum of 3% towards either the down payment when receiving a gift of 2% from a qualified family member (if applicable) or closing costs, including escrows and pre-paids. 95% financing is only applicable to Single Family Homes and Townhomes. Mobile Homes and Lots are not eligible for this product. The members cannot retain ownership in any other financed residential property at time of closing. Program eligibility subject to change without notice. Additional requirements may apply for eligibility qualification. Please contact our Mortgage Call Center between the business hours of 8:00 a.m. and 5:00 p.m., Monday through Friday or Saturday from 8:00 a.m. to 1:00 p.m. at 813-621-7511 or toll-free at 800-999-5887 ext. 87008 EST for additional information.


^^^ Rate Term Refinances allow a max cash back of $1,000 at closing. The Community Heroes loan product allows members to pay off the first mortgage (regardless of the company that holds the mortgage) and any SCU and outside lender trade lines up to 80% LTV. There are special seasoning requirements to payoff secondary or junior liens with proceeds of the new refinance. Secondary liens not meeting this seasoning test must be subordinated with the CLTV/HCLTV not to exceed 95%. Program eligibility subject to change without notice.