Home Equity Line of Credit (HELOC)
First Florida Credit Union’s flexible HELOC opens the door to the equity in your home.
Use a HELOC for anything from consolidating high-interest-rate credit card debt to making home improvements.
Advantages of a First Florida HELOC:
- Introductory Fixed (Annual Percentage Rate) as low as 1.99% for 12 months*
- Minimum floor rate is 3.50%
- Reusable credit line
- Terms up to 20 years with a 10 year draw period
- Competitive APR (Annual Percentage Rate)
- Available in Florida only
- Easy advance access with our HELOC Checking Account.
- Servicing retained by the credit union
- No escrow account required
Property Types: Owner occupied, primary residences only. No manufactured homes, commercial property, second homes, income-producing rental homes or multi-unit (2-4 units) homes.
To learn more about a HELOC, call (800) 766-4328 [in Jacksonville (904) 359-6800] and ask to speak with a mortgage representative. Or click on the links below:
*The introductory annual percentage rate (APR) will remain in effect for 12 months and is not based on the index and margin used for later rate adjustments. The introductory rate is based on your credit history and combined loan to value (CLTV), and ranges from 1.99% to 5.99% APR. Credit and other qualifications apply. After the initial 12-month period, your APR will adjust to the Wall Street Journal Prime Rate (currently at 3.50% as of December 2015) plus or minus a margin. The margin ranges from -.75% to 3.25%. The margin varies based upon individual credit history and CLTV. A minimum floor rate of 3.50% applies after the initial 12 month period. The APR can change on the first day of each month. There is no limit on the amount by which the APR can change during any one year period. The maximum annual rate that can apply is 18% or the maximum permitted by law, whichever is less. Rates are subject to change daily and without notice.