Mortgage Loans

Scient holds the financing key for your home purchase or mortgage refinance. 

Fixed-Rate Mortgage

Budget with certainty

With a fixed-rate mortgage, you can be absolutely certain your principal and interest payments won’t increase. You’ll pay the same amount in Year 20 or 30 as you will in Year 1. 

  • Save money with attractive interest rates
  • Choose loan terms of 10, 15, 20 or 30 years
  • Build up equity quicker with shorter terms
  • Protect yourself from rising interest rates for the life of the loan
  • Refinance current loan to potentially reduce monthly payments or interest charges


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Adjustable-Rate Mortgage

Maintain flexibility

With reduced initial rates, adjustable-rate mortgages give you a period of financial flexibility. The lower introductory rate buys you time to rebuild your savings and make other purchases.

  • Fixed-rate term options at 3 years, 5 years, 7 years or 10 years
  • Thereafter, interest rate cannot increase or decrease more than 2.00% on an annual basis
  • No prepayment penalty
  • The interest rate cannot increase more than 5.00% above the start rate for 7 and 10 year ARMs
  • The interest rate cannot increase more than 6.00% above the start rate for 3 and 5 year ARMs
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SmartChoice Mortgage

Build equity faster

With a SmartChoice Mortgage, you can take advantage of a low fixed rate and short term to pay off your mortgage faster than traditional mortgages.

  • Various terms available
  • Up to 80% loan to value
  • Available for purchase or refinance
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No-Closing-Cost Option

Close without the cost

Eliminate closings costs so you bring less money to the closing with this special mortgage. Just let us know during your mortgage application that you're interest in taking advantage of our No-Closing-Cost Option. 

  • Several terms available with fixed or adjustable rates
  • Rate is 0.50% higher than regular rate, but you don’t have to pay closing costs
  • Minimum loan amount of $150,000
  • All fees are paid by Scient except discount points, loan-level pricing adjustments, escrows, per diem interest, and mortgage tax (NY and FL). Appraisal fee is collected upfront and refunded at closing.
  • Direct deposit into a Scient account and automatic payments are required

Scient FCU is a full-service credit union with branches in Groton, New London and New Haven Connecticut.

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Financial Calculators.

Save more, buy a home, pay off a loan and more with the help of our financial calculators.

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Scient Blog.

Explore articles about timely topics and personal finances, from spending and saving to borrowing money.

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