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Florida Home Equity Line Of Credit Rates

Compare Tropical Financial Credit Union's home equity line of credit rates
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Mortgage Home Equity Line of Credit Rates

Rates effective as of September 26, 2022

1st Lien (adjustable rate)**
5.25%*

5.25% APR*

What's the rate/APR?*

At a 5.25% interest rate, the APR for this loan type is 5.25%. The payment schedule would be 1% of the outstanding balance, and the rate is adjustable based on the Prime rate index.

Eligibility for the lowest advertised rate is based on creditworthiness, collateral, ability to repay, credit score and terms.  Other rates and terms may apply and your rate may differ based on the loan program, term of repayment and other factors.  Other restrictions may apply. Rates and Offers are subject to change without notice.

Note:  There are no escrow accounts available for first lien home equity lines of credit, those fees for taxes and insurance would need to be paid in addition to the home equity payment.  First lien Home Equity line of credit only.  Other rates available for second lien lines of credit.

2nd Lien (adjustable rate)**
5.25%*

5.25% APR*

What's the rate/APR?*

At a 5.25% interest rate, the APR for this loan type is 5.25%. The payment schedule would be 1% of the outstanding balance, and the rate is adjustable based on the Prime rate index.

 Eligibility for the lowest advertised rate is based on creditworthiness, collateral, ability to repay, credit score and terms.  Other rates and terms may apply and your rate may differ based on the loan program, term of repayment and other factors.  Other restrictions may apply. Rates and Offers are subject to change without notice.

Disclosures

*APR = Annual Percentage Rate. All home lending products are subject to credit and property approval.

**Home Equity Lines of Credit: The adjustable rate APR may increase or decrease based on the highest Prime Rate published in the Money Rates column of the Wall Street Journal. First Mortgage standard APR can vary from Prime – 1.00 to Prime, with a minimum APR of 2.75. Second Mortgage standard APR can vary from Prime -1 to Prime + 3.00 with a minimum APR of 3.50.

Rates, program terms and conditions are subject to change without notice. Other restrictions and limitations may apply

The actual interest rate offered may differ based on the available equity in your home, the amount of your loan, your credit history, and product chosen.

Minimum loan amount: $15,000

Property insurance is required; if the collateral is determined to be in an area having special flood hazards, flood insurance will be required as well. Property must be in Florida.

Available on owner-occupied detached and attached primary and secondary residences. Not available on investment properties. Consult tax advisor for deductibility. Membership eligibility required with $5 minimum in savings.