Home Equity Loans and Lines of Credit

If you know the amount you wish to borrow, we recommend our Home Equity Loan from $5k to $200k.

A home equity loan can be a great way to obtain a low-rate loan and possibly earn a federal tax deduction. Prior to beginning the application process for a Home Equity loan, we recommend you click the buttons below to gather and read important information regarding our loan process. When you are ready, click "Apply Now" to begin the application process online.

apply for a home equity loan loan checklist what to expect

Home Equity Loan Rates & Terms

Home Equity loans are available from $5k to $200k for first mortgages (10 year term) or second (5, 10 or 15 year terms) mortgages on owner-occupied, single-family, primary residences. The current annual percentage rate on Home Equity Loans is 6.50% and the maximum combined loan-to-value ratio is 80%.

Questions? Contact our Mortgage Services team today at 850.862.0111 x.3737 or via secure email

INTEREST RATE	MAXIMUM COMBINED LTV** (TLTV)
6.50% APR*	80%

*APR = Annual Percentage Rate, rates subject to change at any time. **LTV = Loan to Value

Maximum Loan Amounts & Restrictions - Home Equity

Requires Eglin FCU Membership.
Loans from $5,000 to $200,000.
Available for first or second mortgages.
First mortgage - 10 year term.
Second mortgage - 5, 10 or 15 year term.
Loanable equity is determined by 80% of appraised value and subtracting balance of first mortgage loan.
Property must be a single-family, primary residence.
Property must be located in one of the following Florida counties: Escambia, Santa Rosa, Okaloosa, Holmes, Walton, Bay & Washington.
There will be closing costs involved such as an appraisal, mortgagee title insurance, recording fees and documentary stamps.
In an effort to provide the most fair and accurate Loan Estimate to assist you in comparing between lenders, please thoroughly complete the credit application with accurate information and figures.
A Mortgage Services team member may be in touch should we find that further information is needed pertaining to your loan request.

apply for a home equity loan

Home Equity Loan Payment Calculator

Amount of Loan: $

APR^*: %

Term of Loan: months

Monthly Payment: $

Total Payment: $

Sample Repayment: A $50000 Home Equity Loan over 120 months at an APR of 6.50%, the approximate payments would be $.

Disclaimer | Financial calculators are provided to give sample payments for given Annual Percentage Rate and Terms but are not guarantees of credit. There is no guarantee, explicit or implied, regarding the accuracy or applicability to your specific circumstances. All examples are hypothetical and are for illustrative purposes, and are not intended to provide investment advice. Please contact a Member Service Counselor for assistance with your specific loan request.

More Calculators

Routing Number: 263178070
*APR = Annual Percentage Rate.

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