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Home Equity Loans

Home Equity Line Of Credit (HELOC):

A variable rate loan based on the prime rate. It works similar to a credit card, you have a credit limit and you can draw on it. When you make your monthly payments the funds become available again. You receive a Home Equity Line Checkbook, that allows you to write checks whenever you need to make an advance. There are no application fees and no closing costs for lines over $15,000. No pre-payment penalties ( unless loan is paid off within 3 years). Up to 80% of the appraised value of the home minus the first mortgage balance. Home equity loans are only eligible for properties located in the state of Florida. Certain restrictions and underwriting criteria apply. Member must meet credit requirements.

What you should know about Home Equity Lines of Credit.

Homeowners and flood insurance (if applicable) is required for all home equity loans. Ask about our townhouses, condo’s and rental property (4 units max) home equity programs.

Rates and fees subject to change without notice. Home equity loans are only eligible for properties located in the state of Florida. Certain restrictions and underwriting criteria apply. Member must meet credit requirements.

JetStream Federal Credit Union’s Mortgage Loan Officers are in compliance with the SAFE Act; NMLS unique identifier numbers are available upon request.

Home Equity Servicing Error Dispute & Information Request: To submit an error dispute or request for information on an existing Home Equity Loan with JetStream, in writing, please send all correspondence to JetStream FCU, P.O. Box 5487, Miami Lakes, FL 33014, attention Lending/Collections Depts. Or by email to collections@jetstreamfcu.org / lending@jetstreamfcu.org. Please submit Home Equity Loan details on all written correspondence with name, address, account number, contact information and specific reason for request, to expedite the research process.

 

 
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ncua
Federally Insured by NCUA
to at least $250,000

visa Equal Housing Lender
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