Do you need money for that home improvement project you have been putting off, or to help you pay off medical bills? Do you simply want to consolidate your higher-rate debt into one easy-to-manage payment? A home equity line of credit from Launch FCU could be the perfect solution.
If you are going to face a major financial expense, you can use your home’s equity to your advantage. With a home equity line of credit, (HELOC), you have control 
over how much you borrow and when. One of the best features of a HELOC is that you only have to pay interest on the amount that you borrow, not the total amount of the loan. In addition, since HELOCs are backed by the equity you have in your home, their interest rates are typically lower than other types of loans. A HELOC may also provide you with certain tax advantages; however, you should consult with your tax adviser to determine how a HELOC may benefit you.
Launch FCU Home Equity Products
Launch FCU offers both fixed rate and variable rate HELOCs, with great low rates and flexible terms.
Fixed Rate Home Equity Line of Credit: With a fixed interest rate, your interest rate will not fluctuate throughout the term of your loan. With a fixed rate HELOC, you are able to borrow up to 80% of your property’s value, with a maximum loan amount of $250,000.
Variable Rate Home Equity Line of Credit: Variable interest rate simply means that your interest rate may fluctuate over time. With a variable rate HELOC, you are able to borrow up to 80% of your property’s value, with a maximum loan amount of $250,000.
| Loan Type (Fixed or Variable) | Fixed |
|---|---|
| Terms | Standard term 5- year draw, 5 year repayment (10 year total term) or Extended Term 5 year draw, 10 year repayment (15 year total term) |
| Loan-To-Value Ratio | Up to 80% of property value*** |
| Loan Amount | $10,000 to $250,000 (minimum initial draw = $5,000) |
| Annual Percentage Rate = APR | 6.0% APR* |
| Closing Costs | None unless appraisal is needed |
Draw from the line of credit as you need the money.
| Loan Type (Fixed or Variable) | Variable |
|---|---|
| Terms | Variable Standard term 10 year draw, 5 year repayment (15 year total term) or Extended Term 10 year draw, 10 year repayment (20 year total term) |
| Loan-To-Value Ratio | Up to 80% of property value*** |
| Loan Amount | $10,000 to $250,000 (minimum initial draw = $5,000) |
| Annual Percentage Rate = APR | 3.99% APR* |
| Closing Costs | None unless appraisal is needed |
Draw from the line of credit as you need the money.
Read complete details, terms, and conditions of Launch FCU HELOC.
Applying for a HELOC with Launch FCU is now easier than ever. Use our simple online loan application to apply for your HELOC from any device. If you live, work, or worship in Brevard or Volusia counties you can apply for a HELOC at Launch FCU.
HELOC Rates
Home Equity Line of Credit Fixed Rate – up to 80% LTV***
| Term | Interest Rate | APR* as low as | Closing Fees | Payment** | ||
|---|---|---|---|---|---|---|
| Standard | Up to 10 Years | 5.50% | 5.50% | None unless appraisal required | $955.00 | Apply Now |
| Extended | Up to 15 Years | 6.00% | 6.00% | None unless appraisal required | $555.00 | Apply Now |
Home Equity Line of Credit Variable Rate – up to 80% LTV***
| Term | Interest Rate | APR* as low as | Closing Fees | Payment** | ||
|---|---|---|---|---|---|---|
| Standard | 15 Years | 3.99% | 3.99% | None unless appraisal required | $932.05 | Apply Now |
| Extended | 20 Years | 3.99% | 3.99% | None unless appraisal required | $518.26 | Apply Now |
How To Apply
We are here to help you build possibilities, and a home equity line of credit from Launch FCU is the only tool you need. It’s simple to apply for a HELOC at Launch FCU.
- In Person: Stop by any of our conveniently located branches in Brevard & Volusia County.
- By Phone: Call a friendly Launch FCU Home Loan Specialist at 321-456-5439 to apply for your HELOC.
- Apply Online: Apply online from any device in just minutes. You can even check the status of your application once you have submitted it. Launch FCU offers fast decisions on HELOC loans.
