SunFederalCreditUnion
 
 Auto
(2001 & newer)
5.49% APR*
 Auto
(older than 2001)
11.24% APR*
 Tuition 11.24% APR*
 Home Equity 
  
as low as
5.75% APR*
 Mortgage 6.000% APR*
 Certificates
   as high as
4.85% APY
*As low as. View all rates here.
APY=Annual Percentage Yield APR=Annual Percentage Rate

Vishing Attacks Increase
A Message From The FBI's Internet Crime Complaint Center

 

Are you one of many who have received an e-mail, text message, or telephone call, purportedly from your credit card/debit card company directing you to contact a telephone number to reactivate your card due to a security issue? The IC3 has received multiple reports on different variations of this scheme known as "vishing". These attacks against US financial institutions and consumers continue to rise at an alarming rate.

 

Click here for the entire press release from the FBI's IC3 division or visit their website at www.ic3.gov.

 

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Fraud Alert For Members!
Sun Federal would like to warn members of a current telephone phishing scam. Several members have received a phone call stating "this is Sun Federal calling to let you know that your Visa Credit Card or ATM Check Card account has been suspended." Members are then directed to call a 515-414-xxxx (last 4 digits vary) telephone number to reactivate the account. This is a scam! Please DO NOT call the 515 number.

 

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Pennsylvania Attorney General Corbett Warns Consumers To Be Watchful For Undisclosed Energy "Surcharges"

HARRISBURG - Attorney General Tom Corbett today cautioned consumers to be watchful for undisclosed fees or "surcharges" that some businesses may attempt to charge in connection with rising fuel and energy costs. Read More


Click here
for information on how to protect yourself from scams.

 

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Click here to visit Sun Federal's Member Protection page for information on how to protect yourself from these and other scams.

 

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Report lost/stolen
credit cards

To report a lost or stolen card outside of business hours:

Visa Credit Card
(800) 991-4961
ATM Visa Check Card
(800) 523-4175

 
 
 
 
 

About Sun Federal Mortgages
Types of Mortgages
Other Mortgage Services
Common Mortgage Terms

 


 

About Sun Federal Mortgages
Members' needs are always first priority at Sun Federal. With a variety of mortgage loan options and a professional and friendly loan staff at your service, Sun Federal can help you choose the loan that's just right for you.

In addition to expert advice you can trust, Sun Federal's mortgage loan program is designed to fit your needs with special benefits including: Zero Money Down, Varying Terms, Competitive Rates, Various Rate Lock Options, No Prepayment Penalty, Payment through Direct Deposit, Interest Only Option, Principal Payments Accepted, Purchase or Refinance Loans, Swing or Bridge Loans.

Home insurance is also available.
Compare Insurance rates!

Piggyback or subordinate financing gives members an alternative to paying private mortgage insurance (PMI). Check out the new options:

  • 80/10/10 - borrow 80%, put 10% down, take second mortgage for 10%
  • 80/15/5 - borrow 80%, put 15% down, take second mortgage for 5%
  • 80/20 - borrow 80%, take second mortgage for 20%

Call or visit your local branch for complete information, or e-mail Sun Support.

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Types of Mortgages

At Sun Federal, you're sure to find a mortgage loan that suits your needs and makes it easy for you to purchase or refinance that home of your dreams! Choose from:

Fixed Rate
Terms from 7 to 30 years. Your rate, principal and interest payments never change.
Shorter term loans can really save money! For instance, payments on a 15 year loan can be as little as 28% higher than 30 year payments.

Adjustable Rate
Initial rate is lower than fixed rates. Qualifying can be easier at a lower, adjustable rate. Yearly and lifetime caps on rate changes. Some options can be converted to a fixed rate. Some options are assumable.

Balloon
Features a lower rate than the fixed rate option, whereby the rate remains fixed for 5, 7 or 12 years. Availability to continue the loan through maturity at an adjusted fixed rate. Recommended for members planning to reside in their home for a short period of time.

Note
Similar to a balloon, the rate on this loan is generally lower. Fixed rate terms are available in 5, 7 or 12 years. The loan must be refinanced at the end of the term.

Special
Jumbo loans with varying terms for larger mortgages. Construction loans with the option of a one-time closing which saves money and time. Swing or Bridge loans to assist in closing on your new home before your old home is sold. Affordability programs with down payments as low as 3%. Loans for investment property, second or vacation homes, and one to four family homes.

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Other Mortgage Services

Pre-Qualification
Before you start looking for a home, simplify your home shopping process by coming into the Credit Union. An experienced loan officer can help you determine how much money you will be eligible to borrow. Call or visit your local branch for complete information.

Pre-Approval
Let us pre-approve your loan so you can look for a home with the peace of mind that your mortgage is already approved. Pre-approval can allow you to close on your new home more quickly, saving you time and money!  Call or visit your local branch for complete information.

Home Insurance
Sun Federal offers affordable home insurance through our partner, Liberty Mutual Insurance Company and its affiliates. Get a free quote, understand coverages, and keep your home safe. Get a free insurance quote online

Calculators
Calculate your mortgage payments and compare fixed and adjustable rate options.

Do I want a Fixed or Adjustable Rate Mortgage?
What Will My Monthly Mortgage Payment Be?

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Common Mortgage Terms

Amortization
The gradual reduction of your mortgage balance through the payment of the principal and interest over the term of the loan, according to the type of mortgage you choose. A mortgage amortization schedule is available upon request.

Discount Point(s)
Equal to 1% of the mortgage amount per point, this is a means to prepay interest and lower the interest rate on your mortgage.

Origination Point(s)
Fee paid to the lender for processing the loan where each point is equal to 1% of the mortgage amount.

Premium Point(s)
Same as discount points, however, the money is given to you from the lender at settlement to assist you in paying closing costs. As a result, your interest rate is higher.

PMI
(Private mortgage insurance) is required by lenders when the borrower does not have a 20% downpayment. It covers the life of the loans, however, the borrower may request to drop it when the outstanding mortgage balance is less than 80% of the market value of the property.

APR
(Annual Percentage Rate) calculates your note rate to include the cost of prepaid finance charges. Typical prepaid charges include origination fees, points, PMI costs, interest paid at closing and underwriting fees. APR enables you to compare different rates and points to determine which is the best rate

Find more financial terms in our glossary.

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NCUA  ESI  EHL
Your savings federally insured to at least $100,000 and backed by the full faith and credit of the
United States Government by the National Credit Union Administration, a U.S. Government Agency.
Your Savings Insured for an Additional $250,000 by Excess Share Insurance, the Nation's Largest Private Deposit Insurer.
Sun Federal is an Equal Housing Lender. 
PRIVACY POLICY