4651 Emerson St. Jacksonville, FL 32207 – Main (904) 346-1700
Lisa O’Connor, NMLS #250328 – Direct (904) 677-4019
Residential Lot/Land Financing
Stand Alone/Fixed Rate/Home Equity Loan
- Purchase – 80% max LTV
- Maximum loan amount of $250,000
- No prepayment penalty/no balloon payment
- Credit Scores 680 or higher
- No intangible taxes charged
- Terms - 15 yr. fixed
Stand Alone/Fixed Rate/Home Equity Loan
- Max LTV/CLTV 90%
- Maximum loan amount of $150,000
- Minimum loan amount $10,000
- Credit Score 680 or higher
- 10-15 year fixed rate term
Non-warrantable Condominium Financing
- Owner occupied purchase or refi
- Maximum loan amount $806,500.00
- Minimum loan amount $50,000
- Credit scores 680 or higher
- Max LTV 80% on purchase or no cash out refi
- No intangible taxes charged
- Terms – 5/6 ARM product
Rebounding Homebuyer
- A rebounding home buyer is someone who recently completed a short sale, a deed-in-lieu of foreclosure, a bankruptcy, or a foreclosure and would like to purchase a home to live in before waiting the number of years prescribed by the secondary mortgage market guidelines.
- For loan approval, the rebounding home buyer will need to have re-established credit, have sufficient income to support their new debt, and make a down payment of at least 20% of the home purchase price.
- Maximum loan amount $806,500.00
- Minimum beacon credit Score –case by case
- Max LTV 80%
- Purchase - primary residence only
- Owner occupied
- 5/6 ARM product
Special Note: We cannot pay mortgage brokers a yield spread premium for these loans. However, the interest rates we
offer are low enough to allow the borrower to pay you a reasonable broker fee (maximum 2%). All loans must be
processed under the borrower paid option.
All loan products are only available to current Coastline Federal Credit Union members or those borrowers who will
qualify to become members. Membership qualification: work or live in; Duval, Clay, Nassau, Baker, or St. Johns
County.
Maximum DTI on all products is 43%
