Home Equity Loan & Lines of Credit

Variable Rate Home Equity Lines of Credit – No Closing Costs**
8-year draw, 12-year repayment, payment is 1.5% of the prior month-end balance. For example on a $25,000 loan, the payment would be $375

Term APR* Index & Margin
80% LTV Home Equity Line of Credit
20 Years 4.00% (Floor) to 7.00% WSJ Prime Rate: -0.25% to +3.00%
90% LTV Home Equity Line of Credit
20 Years 4.00% (Floor) to 7.00% WSJ Prime Rate: +0.25% to +1.75%

Fixed Rate Home Equity Loans – No Closing Costs**

Term APR* Monthly Payment Example ($25,000) Pre-paid Interest
0% LTV to Less than 80% LTV (2nd Lien)
5 Years 5.17% $471.78 $102.74
10 Years 5.34% $268.23 $107.88
15 Years 5.82% $207.60 $118.15
20 Years 6.31% $182.73 $128.42

 

Term APR* Monthly Payment Example ($25,000) Pre-paid Interest
80.01 to 90% LTV (2nd Lien)
5 Years 5.69% $477.53 $113.01
10 Years 5.85% $274.42 $118.15
15 Years 6.33% $214.36 $128.42
20 Years 6.82% $190.09 $138.70

 

Term APR* Monthly Payment Example ($25,000) Pre-paid Interest
90.01% to 95% LTV (2nd Lien) – Purpose Restriction: No Debt Consolidations
5 Years 6.21% $483.32 $123.29
10 Years 6.36% $280.70 $128.42
15 Years 6.84% $221.23 $138.70
20 Years 7.33% $197.59 $148.97

 

Term APR* Monthly Payment Example ($25,000) Pre-paid Interest
95.01% to 100% LTV (2nd Lien) – Purpose Restriction: Home Improvement Checks Payable Only, Max loan amount is $100,000.
5 Years 6.72% $489.15 $133.56
10 Years 6.87% $287.06 $138.70
15 Years 7.35% $228.22 $148.97
20 Years 7.84% $205.24 $159.25

 

LTV APR* Monthly Payment Example ($50,000) Pre-paid Interest
1st Lien Home Equity Loan 10 Year Term – Purpose Restriction: No Purchases, Minimum loan amount is $50,000.
0-80% LTV 3.18% $485.69 $128.42

Ready to open your account?

Apply online, visit a branch or call 904-475-8000

Learn more about our Home Equity options:

3 Tips for Home Improvements that Attract Buyers

Ask the Realtor: What are some simple home improvements that can attract more buyers? If you want to get top dollar for your home, you need to compete with other similar homes on the market. If your home may be lacking some updates, you may need more than a simple...

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JAXFCU offers Mortgages with No Closing Costs/PMI

Introducing No Closing Costs and No PMI* on First Mortgages. We are also introducing No Closing costs on Home Equities. Call Umesh Patel at 904-475-8084 for details! “Mr. Umesh Patel is a Mortgage Originator who worked with us at the Orange Park office. He is an asset...

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Rates are effective as of and are based on Credit-worthiness. Loan to Value and terms may vary based on credit score. Rates are subject to change without notice. Full appraisal and Escrow may be required.

*Variable rates are determined by the credit score, loan-to-value (LTV), and are tied to Wall Street Journal Prime Lending Rate (W.S.J. Prime Rate); Adjusts monthly. Minimum rate: 4.00%; Maximum rate: 15.00%. Maximum rate change in a 12 month period is 3.00%.

**All rates include No Closing Costs, but no closing cost offer is limited to loan amounts up to $150,000. Member pays pre-paid finance charge on all loans. These charges may come from loan proceeds. If loan is closed within 2 years, member reimburses closing costs to JAXFCU.

**No Closing Costs means you do not have to pay the following fees upfront. The amount of closing costs to be reimbursed to JAXFCU in the event of early payoff may range from $400 to $2000 or more based on the size of your loan. The total of closing costs paid on your behalf will be disclosed to you on the addendum to your note.

Flood Certification: $10.00 fee
Recording of Deed: $69.50 fee
Docs: $30.00 fee
Recording Affidavit: $18.50 fee
Tax Service: $70.00 fee

Appraisal Fee:

  • $67 fee for loans under $75,000
  • 
$350 fee for loans between $75,000 and 125,000
• $400-$600 fee for loans over $125,000
  • $400-$600 fee for loans over $125,000

Title Fees:

  • Title Search Fee: $100 for loans under $150,000
  • 
Title Policy Fee: If over $150,000, the fee varies based off the loan amount.

State of Florida Documentary Stamps: .0035 per $1,000

Zero Application Fees

If you have any questions or require additional information, please call us at (904) 475-8000.

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