Use Your Home To Finance Your Dreams

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 apply for a home equity line of creditover 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 $150,000.

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 $150,000.

Loan Type (Fixed or Variable) Fixed
Terms 5-year draw; 10-year term
Loan-To-Value Ratio Up to 80% of property value***
Loan Amount $10,000 to $150,000 (minimum initial draw = $5,000)
Annual Percentage Rate = APR 5.75% APR*
Closing Costs None unless appraisal is needed

Draw from the line of credit as you need the money.

Apply Now

Loan Type (Fixed or Variable) Variable
Terms 10-year draw; 15-year term
Loan-To-Value Ratio Up to 80% of property value***
Loan Amount $10,000 to $150,000 (minimum initial draw = $5,000)
Annual Percentage Rate = APR 5.25% APR*
Closing Costs None unless appraisal is needed

Draw from the line of credit as you need the money.

Apply Now

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**
Up to 10 Years 5.75% 5.75% None unless appraisal required $548.85 Apply Now

Home Equity Line of Credit Variable Rate – up to 80% LTV***

Term Interest Rate APR* as low as Closing Fees Payment**
15 Years 5.25% 5.25% None unless appraisal required $401.94 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.

  1. In Person: Stop by any of our conveniently located branches in Brevard & Volusia County.
  2. By Phone: Call a friendly Launch FCU Home Loan Specialist at 321-456-5439 to apply for your HELOC.
  3. 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.
Home Equity products can be confusing, but they don’t have to be. Give us a call at 321-456-5439 (inside Brevard) or 800-662-5257 (outside Brevard) or come visit us at any one of our convenient branch offices and let’s talk about which product is right for you.
*

APR = Annual Percentage Rate. The interest rate and APR's shown are subject to change without notice. Closing Fee only required if appraisal is necessary. The maximum loan amount is $150,000. The rate you pay will be based on your credit history. If your risk profile puts you in a higher risk category your rate may be higher. The index used to determine the APR is the Prime Rate published in the Money Rates column of the Wall Street Journal.

**

The payment shown includes principal and interest only. Payment estimates are based on a loan in the amount $100,000.

***

Based on the appraised value of 80% of 100% of the tax assessment.

****

Loans require credit approval. The rate you pay is based on your credit history. Excludes refinancing of current Launch FCU mortgages or loans. For 1st mortgage and refinance, maximum 97% Loan-to-Value (LTV). Must be owner-occupied; primary residence or second home only. Minimum loan amount allowed $50,000; maximum loan amount $453,100. APR = Annual Percentage Rate. Example: for a $100,000 loan for a term of 30 years with an interest rate of 4.625% (4.907% APR), the monthly payment will be $514.14. Sample payment includes principal and interest only; taxes and insurance will increase your payment. The rate you pay is based on credit history and term. Loans exceeding 80% of the appraised value of the home require private mortgage insurance. Programs, rates, terms, and conditions are subject to change without notice at any time. Savings account required for loan. Only a $5 minimum deposit required to open account and become a Launch FCU member. Minimum loan amount for gift card premium $100,000. One $200 Home Depot gift card per real estate loan; no exchanges. Must apply for loan April 1, 2018 – June 30, 2018.

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