Space Coast Credit Union Fixed Rate Home Equity Loans
Fixed Rate Home Equity Loans
A fixed rate home equity loan might be the best fit if you plan to use the money in a lump sum for a one-time event such as consolidating your credit card debt, replacing the roof, or paying for a wedding or trip of a lifetime. The interest rate and monthly payments are fixed so you can budget accordingly.
Best choice if:
- You plan to use the money in one lump sum
- You need your monthly payments to remain fixed over the life of the loan
- You want to defer your payment for up to 90 days**
- Reliability - principal and interest payments remain the same, so there is no risk that changing market conditions will increase the monthly payments
- Flexibility - make additional principal payments as desired with no prepayment penalties
Whatever type of home equity loan you need, SCCU offers the fastest, most convenient process around with the personal service and features you deserve, like
- Great, low rates
- Phone and online application available 24 hours a day, 7 days a week
- No application fee
- Most loans close in 7-14 days
- Fast approvals (most in less than 10 minutes)
- Receive funds in as little as 3 days after closing
- No points or origination fees
- No intangible tax
- Defer your first payment for up to 90 days**
- Your credit history is only accessed by SCCU
- We get the needed documents (like warranty deed, flood, and title)
- We do all of the work; all you have to do is sign
Read reviews from SCCU members about their fixed rate home equity loan! Only members with this product are invited to provide their comments and ratings.
Choose from one of our fixed rate home equity loans programs that is best for you!
Our standard fixed rate home equity loans are offered with a number of terms and rates. Minimum loan amount is $5,000 with terms of up to 20 years. Other terms and multiple rates available.
Apply Now - Contact Us
Applying for a Space Coast Credit Union Home Equity Loan is fast and easy!
Call our Express Sales Associate team 24 hours a day, 7 days a week
Brevard: 321-752-2222, option 3
Broward: 954-704-5000, option 3
Miami-Dade: 305-882-5000, option 3
All Other Areas: 800-447-7228, option 3
Apply online 24 hours a day, 7 days a week with our easy online application.
*APR is Annual Percentage Rate. Rate current at time of printing and subject to change. Your interest rate will be based on the available equity in your home, the amount of your loan, your credit history, and product chosen. Other programs, rates, and terms may be available. Approval subject to our usual credit criteria and clear title.
**Optional. Interest accrues from date of contract. Qualified borrowers only.
Home Equity Loan Rates
APR = Annual Percentage Rate.
All decisions to grant credit will be based on an evaluation of your credit history and available equity in your home.
Your interest rate will be based on the available equity in your home, the amount and term of your loan, and credit score.
For adjustable rate equity lines the Annual Percentage Rate (APR) varies monthly and is based on the value of an index plus a margin. The index is equal to the highest prime rate published in the Wall Street Journal “Money Rates” table on the last business day of each month of each year. Rates are subject to increase after consummation.
No application fee.
Initial minimum draw amount $2,500.
Rates subject to change with out notice.
Proof of home owner’s insurance sufficient to cover all outstanding mortgages, including your SCCU equity loan will be required.
Some restrictions may apply.