WHAT OUR MEMBERS SAY
WHAT OUR MEMBERS SAY
About SchoolsFirst FCU

“The Credit Union has something for everyone, from someone who is financially savvy to a person who just needs basic services.”


– Amy C.
Member Since 2010

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First-Time Auto Buyer Loan
First-Time Auto Buyer Loan

 

Our First-Time Auto Buyer Loan program is designed to help Members who may have difficulty getting a loan because of limited credit history—or no history at all.

 

With up to 100% financing and manageable terms at a competitive rate, we provide first-time buyers with a chance to start building a lifetime of good credit.

 

 

Features & Benefits

  • Loan amounts up to $30,000
  • Find the right length of loan for your budget, with up to 60-month terms1
  • Finance up to 100% of Manufacturer’s Suggested Retail Price (MSRP) or the purchase price, whichever is less, plus sales tax, license, and warranty on new vehicles
  • Finance up to 100% of Kelley Blue Book retail value or the purchase price, whichever is less, plus sales tax, license, and warranty on used vehicles

Requirement

  • Must be at least 18 years old
  • Minimum cash down payment of 10% of purchase price
  • Proof of auto insurance is required prior to funding
  • No previous automobile credit 

 How to Apply

 

Online

Log into Online Banking to complete an
Express Application

 

Call

Call 

 

800.462.8328

Monday through Friday, 7 a.m. - 7 p.m.
Saturday, 9 a.m. - 3 p.m.

 

Branch

Visit

 

Any SchoolsFirst FCU branch

 

 

 

 

 

New Auto Loans

Annual Percentage Rate (APR) Terms in Months Estimated Payment Per $100 Borrowed
5.44% - 18.00% 48 $2.32 - $2.94
5.70% - 18.00% 60 $1.92 - $2.54

 


Used Auto Loans

Annual Percentage Rate (APR) Terms in Months Estimated Payment Per $100 Borrowed
5.70% - 18.00% 48 $2.33 - $2.94
5.95% - 18.00% 60 $1.93 - $2.54

Lowest rates reflect a 0.75% discount for automatic payments from your SchoolsFirst FCU Share Savings or Checking Account.

 

Disclosures

 

1Maximum term based on various factors, including the amount financed.

 

SchoolsFirst FCU has a loan program featuring a range of interest rates for some of its consumer loans. A rate is based on a variety of factors, including the applicant’s credit rating. Rates quoted are effective as of date and are subject to change without notice. Lowest rates reflect a 0.75% discount for automatic payments from your SchoolsFirst FCU Share Savings or Checking Account. All loans subject to approval.

Whether you're a first-time home buyer, looking for another home, or want to refinance, we'll find the loan that's right for you and guide you through the process, every step of the way. Let us help you make your dream of owning a home come true.

 

Fixed-Rate Mortgage:
Offers a set mortgage payment for the life of the loan. Available in a 30-year term, 15-year term and 10-year term.


First Time Home Buyer Mortgage:
A fixed-rate loan option if you are buying your first home and are looking to make a smaller down payment.
 

High-Cost Area Loan Option:
A fixed-rate loan option for designated “high cost” areas, above the standard conforming limit of $424,100.

 

Adjustable-Rate Mortgage:
Offers a loan payment with a lower rate that adjusts, up or down, after the initial fixed period.

Investment Properties:

Loan opportunities for investment properties.

Second-Home Properties:
Loan opportunities for second homes.

 

School Employee Mortgage Program:
Exclusively for school employees, this program offers a special mortgage option and reduced loan processing fees.

 

Home Advantage Program:
Get guidance from an experienced real estate agent throughout your home buying and/or selling process. You'll enjoy up to a 25% commission rebate, exclusive discounts, and more.

 

Eligible Property Types:

See what property types are eligible for our home loan options.

 

 

     

 

 

 

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