Second Mortgage
Home Equity
Unlock the value in your home with competitive rates and flexible terms — designed for our members.
Fixed Rate Loan
Rates as low as · Terms up to 15 years
HELOC Variable Rate
Quick & Easy
Fast approval process with minimal paperwork required.
Competitive Rates
Industry-leading rates designed for our valued members.
Peace of Mind
Flexible terms and dedicated support throughout your journey.
Home Equity Fixed Rate Loan
Primary Residence Only
A fixed rate, fixed term home loan with terms up to 15 years.
Loan amount: Up to $500,000
No application fees.
Finance up to 80% of appraised value minus first mortgage.
Auto-deduct from payroll or MFFCU checking account.
Homeowners (HO3) & flood insurance required.
Rates and fees subject to change without notice.
The terms of repayment, which reflect the repayment obligations over the full term of the loan, including any balloon payment (i.e. a sample payment example), such as "48 monthly payments of $27.83 per $1,000 borrowed."
Home Equity Line of Credit
HELOC — Variable Rate
Variable rate based on Wall Street Journal prime plus margin, with 4.00% floor.
Works like a credit card — draw, pay, and credit renews.
No application fees (Florida only) for lines over $10K.
Max financing: $500,000, up to 80% of appraised value.
Closing costs: $900 – $3,000 (CU credit available).
Interest-only for 15 years.
How Do I Start the Process?
Whether you're buying your first home, moving up or downsizing, or refinancing your current loan, you can take advantage of a variety of mortgage programs right here at your credit union, featuring:
So, if you need a home for your mortgage, you can now turn to your credit union, the place you know and trust. For more information, call our Loan Department at 305.324.4004 or stop by today.
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