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Our Home Equity Loan and Line of Credit make it easier than ever to get the money you need. Reference the chart below to see which option best fits your needs.You can apply in person, over the phone, or use our quick online application. Easy.
At Jax Federal Credit Union, you get...
- Low Rates and No Closing Cost Options
- Apply online and choose where to close your loan. Our hassle-free process is so easy!
- Minimal documentation required. (For example, no paystubs are needed if you have good credit.)
- Instant Approval
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HOME EQUITY LOAN(FIXED RATE) |
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HOME EQUITY LINE OF CREDIT |
| KEY BENEFIT |
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Fixed rate and payment |
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Lowest monthly payment |
| FUNDS RECEIVED |
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Receive the entire amount borrowed at one time. |
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Receive the money when you need it. |
| PAYMENT AMOUNT |
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Payments are based on a 1 to 20 year payback. |
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Payment is based on 1.5% of the outstanding balance. |
| LENGTH OF LOAN |
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Up to 20 years. |
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20 years (8 year draw period and additional 12 year payback period) |
| LOAN TO VALUE |
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Up to 90% financing |
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Up to 90% financing |
| LOAN AMOUNTS |
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$10,000 to $200,000 |
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Minimum $5,000 |
| DISADVANTAGES |
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Can only draw on money one time. |
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Variable rates |
| AVAILABLITY |
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Primary residences in Florida and Georgia only. |
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Primary residences in Florida and Georgia only. |
Check our rates!
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By Phone:
Call (904) 475-8000
or toll free (800) 443-2664.
In Person:
Visit one of our branches. |
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