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  Members First Credit Union of Florida Home Equity Line of Credit (Variable)

Members First Credit Union of Florida Home Equity Line of Credit (Variable)

in Home Equity Lines of Credit from Members First Credit Union of Florida · NMLS ID #490547

Unaffiliated

Members First Credit Union of Florida Home Equity Line of Credit (Variable)

Unaffiliated

in Home Equity Lines of Credit from Members First Credit Union of Florida · NMLS ID #490547

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Highlights
Loan Amount N/A
APR  (Variable APR) 3.25%
Maximum LTV N/A

Members First Credit Union of Florida Home Equity Line of Credit (Variable) Review

Members First Credit Union of Florida Home Equity Line of Credit (Variable) is offered by Members First Credit Union of Florida (NMLS #490547), a credit union founded in 1954 and based in Pensacola, FL. Members First Credit Union of Florida Home Equity Line of Credit (Variable) is available in 1 state across the USA.

Members First Credit Union of Florida Home Equity Line of Credit (Variable) FAQ

Is there a minimum draw requirement?

No, there isn't a minimum draw requirement.

What range of rates does Members First Credit Union of Florida Home Equity Line of Credit (Variable) offer?

Members First Credit Union of Florida Home Equity Line of Credit (Variable) offers APRs starting at 3.25% and up to 3.25%.

Remember the APRs of HELOCs do not include points and financing charges, just the interest rate. Most home equity lines of credit have a variable interest rate. Fixed interest rates -- if available -- typically have higher APRs, but your monthly payments don't change over the life of the line of credit.

What fees does Members First Credit Union of Florida Home Equity Line of Credit (Variable) charge for a HELOC?

Members First Credit Union of Florida Home Equity Line of Credit (Variable) may charge a loan origination fee .

What types of property can you use as security for a HELOC with Members First Credit Union of Florida Home Equity Line of Credit (Variable)?

Lenders often have restrictions on the type of properties they will accept as security for a HELOC. Members First Credit Union of Florida Home Equity Line of Credit (Variable) will consider lines of credit secured by the following property types:

  • Primary homes.

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Message From Members First Credit Union of Florida Home Equity Line of Credit (Variable)

At Members First Credit Union of Florida, every member is a part of our family. And family should always have a place to call home. We offer a large variety of products to make the process of buying or refinancing your home go as smoothly as possible. We know that the home buying or refinancing process can be overwhelming, so leave the details to us. Our experienced mortgage team will work with you to design a plan that is quick, affordable, and best fits your needs.

A Home Equity Line of Credit (HELOC) is a revolving line of credit, much like a credit card. Borrow as much as you need at any time without exceeding your credit limit. Also, because a HELOC is a line of credit, you make payments only on the amount that you actually borrow and not the full amount available.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 4:30pm
  • Tuesday 9:00am - 4:30pm
  • Wednesday 9:00am - 4:30pm
  • Thursday 9:00am - 4:30pm
  • Friday 9:00am - 4:30pm
  • Saturday 8:30am - 12:00pm

Other Services by Members First Credit Union of Florida

Availability

  Available in 1 state
Florida
Availabile in all of Florida

Feature Breakdown

Credit Score Range 600 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use Primary Home
Joint Loan Applications Accepted
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Identity
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
  • Driver License (or other photo ID)
Mortgage Features No-Closing-Costs Option
APR (Variable APR) 3.25%
Interest Rate Types Offered Adjustable-Rate Mortgage (ARM)

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