UCU Housing & Financial Loans

 

University of Miami benefits-eligible(1) faculty and staff have exclusive access to several loan options through the University Credit Union. 

1. Employees classified as temporary, temporary intermittent, faculty-intermittent (seasonal), casual, per diem, or student are not eligible.

Rental Housing Loan

Provides financial assistance for moving from one rental housing to another. Can be used to cover up-front moving costs, realtor fees, security deposit, etc. ​

  • 0% interest loan up to $3,500​
  • 18 months repayment
  • Application resources: 

Homeowner Moving Expenses Loan

Help to cover moving expenses. Can be used to cover moving expenses for moving into ownership of a house or condominium ​

  • 0% interest loan up to $1,500​
  • 18 months repayment
  • Application resources: 

Home Emergency Hardship Loan

Financial assistance for certain types of housing related emergencies. Can be used to cover catastrophic rental and homeowner emergencies. ​

​Employee Mortgage Loan Program

  • 97% Loan-to-Value (LTV) Mortgage Loan Program to empower employees to purchase a home with just a 3% down payment. ​
    • ​Loan 1: 80% Fixed-Rate First Mortgage.​
    • Loan 2: 17% Second Lien Mortgage:​
      • Adjustable rate​
      • 3/1 Hybrid Home Equity interest rate will be .25% lower than the 80% Fixed Rate First Mortgage​
  • No Private Mortgage Insurance (PMI)
  • Contact the Mortgage Loan Program team at mortgages@ucumiami.org or visit Apply Now 

Employee Relief Loan/Personal​

Up to $5,000 or $10,000:​

  • No credit check​
  • 60 months repayment​
  • Lowest/competitive interest for a personal loan​
  • Up to $10K - 9.99% interest​
  • Up to $5K - 15.99% interest – Auto Pay Deduction Required​
  • Application resources: 

Cards

​Ready to Apply?

For additional questions regarding the loan programs, please contact University Credit Union at 786-425-5000.

If you are interested in applying for one of these loans, please complete the affidavit and email to totalrewards@miami.edu for review.

Upon approval, the University will forward your form to University Credit Union. A designated loan officer will contact you within two business days once the application has been assigned.

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