Suncoast Community Heroes Mortgage
Special Mortgage Options for Everyday Heroes
Our Heroes Loan program is designed to help everyday heroes achieve their home ownership dreams and benefit from 30, 20, 15 and 10 year fixed rate mortgage options or 3/3 and 7/1 adjustable rate mortgage options.
The Suncoast Community Heroes Mortgage loan program is here to help the people who work so hard to help our community.
- All 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
- Nurses, paramedics and EMTs
- All public law enforcement employees
- All fire department employees
- No origination fee
- Up to 95% financing†
- No Private Mortgage Insurance (PMI)
Mortgage Options to Meet Your Needs
Suncoast is proud to offer 30, 20, 15 and 10 year fixed rate mortgages and 3/3 and 7/1 adjustable rate mortgages for community heroes. So no matter what kind of mortgage you’re looking for, Suncoast is here to help!
How an adjustable rate mortgage works:
When you finance with our Heroes 3/3 ARM, your rate will stay the same for the first three years. After the third year, your rate may be subject to change every three years for the life of the loan.
When you finance with our Heroes 7/1 ARM, your rate will stay the same for the first seven years. After the seventh year, your rate may be subject to change every year for the life of the loan.
For both ARM mortgages, changes on the first and all future rate adjustments may increase or decrease by a maximum of 1.50%.** The maximum rate change over the life of the loan will not exceed 5% over the initial rate.
These programs are only available in Florida.
To get pre-approved, apply online or call our Mortgage Contact Center at 800.999.5887 extension 87008.
†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 (if applicable) or closing costs, including escrows and pre-paids. 95% financing is only applicable to Single Family Homes and Townhomes. Up to 95% financing for Condominiums. Mobile Homes and Lots are not eligible for this product. The members can not retain ownership in any other financed residential property at time of closing.