Home Equity Options
Featured Loans
A Home Equity Line of Credit (HELOC)1 uses the equity in your home to establish a line of credit for immediate and future lending needs. Tap into the equity in your home with a revolving HELOC. Access cash now and in the future with a 10-year draw period and generous lines up to $500,000.
Benefits of Home Equity Loans and Lines of Credit
Calculator | Monthly Mortgage Payment
FAQs
Community First Credit Union membership is open to anyone who lives, works, or attends school in one of the following Florida counties: Baker, Brevard, Broward, Clay, Duval, Flagler, Indian River, Lake, Martin, Nassau, Orange, Palm Beach, Putnam, Seminole, St. Johns, St. Lucie, or Volusia.
Membership is also open to any relative of an existing or eligible Community First Credit Union of Florida member. We also offer membership to select employer groups, including employees of Brooks Rehabilitation, Miller Electric Company, and Web.com. Not sure if you qualify? Contact us.
Not ready to apply for a mortgage just yet? Fill out our Mortgage Callback Form with any mortgage related questions you may have and one of our Home Mortgage Advisors will be in contact with you shortly. Our team is here to help you through every step of your home buying journey.
- Contact our Automated Payoff System at 877-772-9633
- There is no fee for faxed payoff requests.
- Reach out to our Member Service team at 866-843-2513
- Log into our Online Banking or Mobile Banking app.
Then, navigate to your mortgage account and select “Download Payoff Statements.”
1Home Equity Line of Credit (HELOCs) – No Closing Cost. The Annual Percentage Rate (APR) is a variable rate and is based on Wall Street Journal Prime plus an applicable margin. All Home Equity Loans and Lines of Credit are secured by a lien on your home. Full appraisal, paid by applicant, may be required in certain circumstances. All rates and terms are subject to change without notice; please contact the Credit Union for current rates and terms. The cost of the appraisal can range from $575 to $800 and is the responsibility of the borrower. The min. APR is 4.00%, the max is 18%. Certain restrictions and limitations apply. Subject to credit approval. New members must open a share account with a minimum $5 initial deposit (share account is required for membership). This offer may end at any time.
Community First will pay the closing cost associated with HELOCs, excluding the cost of a full appraisal if required. Minimum loan amount is $10,000. Maximum loan amount is $500,000. Maximum loan-to-value is 90% of the property value. Minimum payments during the draw period is the interest accrual during the billing periods. All Home Equity Lines of Credit are subject to credit approval. Some other restrictions may apply.
2Home Equity Loan – Terms are 10, 15 and 20 years. Minimum loan amount is $10,000. Maximum loan amount is $500,000. Credit and other restrictions apply. Title insurance may be required and is paid by borrower on home equity loans and HELOCs. Property insurance is required, and flood insurance may be required depending upon the location of the property. The amount of a home equity loan is based upon the current market value of the property, minus the amount of any current mortgages and other liens on the property. New members must open a share account with a minimum $5 initial deposit (share account is required for membership).
Community First will pay the closing cost associated with home equity loans, excluding the cost of a full appraisal if required. Fixed rate equity loan terms are 10, 15 & 20 years. Home Equity Loan payment example: $50,000 borrowed for a 10 yr. term at 7.720% APR would equal a payment of $599.27 a month. Minimum loan amount is $10,000. Maximum loan amount is $500,000. Maximum loan-to-value is 90% of the property value. All home equity loans are subject to credit approval. Some other restrictions may apply.
All offers may end at any time without notice.
*Special Offer - No Closing Cost - Community First's No Closing Costs Mortgage Offer is available on primary and secondary residences only. Community First will pay up to $5,000 of the actual closing costs associated with this new mortgage excluding appraisal fees, origination fee, discount points, prepaid interest, private mortgage insurance, funds needed to establish the member's escrow account and non-lender fees. Maximum loan amount $726,200. This special offer is not available for First Time Home Buyer products. Some exclusions and restrictions apply. All mortgage loans subject to credit approval. This offer may end at any time.