First time home-buyer? Wanting to refinance your property? Ready to buy that getaway, second

Here at Caribe Federal we understand how significant these moments are and the importance of
home loan transactions.For this reason, we have specialized representatives in mortgage loans that will provide you with
all the necessary help during the financing process of your home or acquisition of your second

CaribeFed Mortgage *

Buy your property with 5% down payment.

  • A loan for principal residence, second home, or investment
  • Maximum amount allowed for financing is 95% of the value of the residence
  • Facilitates your mortgage for conforming and non-conforming loans
  • For main residence, we also offer loans insured by FHA, VA and Rural

CaribeFed 2 *

Ready for your second home?

  • We offer a second mortgage up to a maximum of 80% of the value including the first
  • Get it with very attractive interest rates

Requesting a mortgage loan is easy. What do you need?

All we need from you is:

  • Copy of purchase deed
  • Copy of Sales contract, when applies
  • Letter of balances from holder of existing mortgages (mortgage experience for the last 12 months)
  • Debt Certificate and Value Certificate of Property Taxes (from CRIM)
  • Copy of the existing Insurance Policy
  • Letter from the Administration Office concerning the monthly payment, when applies.
  • Copy of earning statement and W2 form from previous year
  • Identification with signature and photo (both spouses)
  • Social Security Card (both spouses)

Maximum Terms

Type of Mortgage PurchasesMaximum AmountMax. TermL.T.V.
1st. Mortgage (Refinancing of Residence)Conforming up to $ 417,000 / Over $ 417,000 Jumbo Loan30 years80% **
2nd mortgage on primary residence15 years80%

We want to tell you more about our mortgage products, call us at 787-474-5151 extension 5262.

This L.T.V. can be increased up to 97% (in primary residences), subject to compliance with all the requirements of the Mortgage Insurance Guarantee Corporation. * Some restrictions apply. Subject to credit approval and other parameters established by CFCU. Your interest rate will be determined based on your credit history.