Space Coast Credit Union Fixed Rate Home Equity Loans

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Space Coast Credit Union Fixed Rate Home Equity Loans

Fixed Rate Home Equity Loans

Overall member rating avg. 4.67

out of 55 member reviews

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^**

ADVANTAGES

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
Rates as low as 6.99% APR^*
Low or no closing cost options
No application fee
Phone application available 24 hours, 7 days a week
Fast approvals (most in less than 10 minutes)
Your credit history is only accessed by SCCU
One statement for all your accounts

Ease		4.76

Responsiveness		4.71

Rate		4.27

Time		4.63

Recommend SCCU		4.6

(Out of 55 member reviews)

PROGRAMS

	Standard - 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
	Pool/Home Improvement Loans – This type of home equity loan is granted based on the value of your home after the renovations or improvements are complete, allowing you to get the amount you need to make the improvements you want. Apply Now - Download Application - Contact Us
	No Closing Cost – Our TRUE No Closing Cost Home Equity Loan features no hidden fees and no crazy disclosures that result in significantly higher payments. Apply Now - Contact Us

^*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.

SCCU Home Equity Benefits

Great, low rates

Fast, friendly, personal application
process available 24 hours a day

Most loans close in 1 day

Receive funds in as little as 3 days after closing

We get the needed documents (like warranty deed, flood, and title)

No application fee

No points or origination fees

No intangible tax

Borrow up to 90% of property value

We do all of the work; all you have to do is sign

What to Expect When You Apply

Calculate Your Payment
Rates

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Corporate Headquarters: Space Coast Credit Union 8045 N. Wickham Road Melbourne, Florida 32940
PH: 321.752.2222 • TF: 800.447.7228