Low Rates. Simple Application Process.
Home Equity Loans Made Easy
Your home is the foundation of new dreams.
Your Neighborhood Credit Union – Empowering Your Dreams and Fueling Your Future!
At RadiFi, we believe in the power of your home’s value to create the life you’ve always dreamed of. Our Home Equity Loans and Home Equity Lines of Credit offer the flexibility, competitive rates, and personalized service to help you achieve your goals. Whether you’re renovating, consolidating debt, or investing in education, we’re here to guide you every step of the way.
Why RadiFi Home Equity Loans
Are the Smart Choice for You
Live Vibrantly with Exceptional Rates: RadiFi offers some of the most competitive rates in the area, helping you make the most of your home’s equity.
Plus, get up to $500 credit in closing costs.*
Fixed Rate Home Equity Loans
Enjoy a fixed interest rate starting at 5.75% APR*, up to 80% LTV, 10 year term, purpose refinance.
Home Equity Lines of Credit (HELOCs):
For those who need ongoing access to funds, our HELOCs offer variable rates starting as low as 8.00% APR**.
Why Choose RadiFi?
Flexible Solutions Tailored to Your Needs:
Every financial situation is unique, and so are our loan options. Whether you need a lump sum for a major renovation or a line of credit to manage ongoing expenses, RadiFi’s home equity loans and HELOCs provide the flexibility to fit your needs. Our team works closely with you to design a solution that aligns perfectly with your goals.
Bank Easy with
Local Expertise:
RadiFi isn’t just a credit union; we’re your local financial partner. We understand the unique needs and opportunities in our community. Our experts are here to guide you through every step of the home equity loan process, from application to approval, ensuring a smooth and stress-free experience tailored to your needs.
Empathy in
Every Interaction:
We pride ourselves on building genuine relationships with our members. At RadiFi, you’re more than just a number—you’re a valued individual with unique needs and aspirations. Our team is here to listen, understand, and offer solutions that truly make a difference in your life.
Pathways to Achieve
Your Dreams:
Imagine transforming your home, consolidating high-interest debt, or funding an educational endeavor with the equity you’ve built. RadiFi’s home equity loans open up new pathways to achieving your dreams and enhancing your quality of life. Let us help you take the next step toward a brighter future.
Pick Your Path
NOTE: Home Equity Loans and Home Equity Lines of Credit (HELOCs) available for primary residences in Florida and Southern Georgia only.
RadiFi Membership: Join a Community That Cares
Become Part of the RadiFi Family Today!
Not yet a member? Join RadiFi Credit Union and experience the benefits of being part of a community-focused financial institution.
- Access a full range of financial products and services designed with your best interests in mind.
- Enjoy lower fees and better rates compared to traditional banks.
- Benefit from personalized service and financial guidance tailored to your needs.
Who Can Join RadiFi?
If you live, work, worship, or attend school in Duval, St. Johns, Clay, Nassau, or Baker counties, you’re eligible to become a member of RadiFi Credit Union. Joining is simple and opens the door to a world of financial possibilities.
Home Equity Loan Rates
Purpose/Limitations |
Term (Years) |
Rate |
Pre-Paid Finance Charge2 |
APR2 |
P&I Payment3 |
---|---|---|---|---|---|
1 When a paid off home is on your horizon, our Fixed-Rate First Lien Home Equity Loan will get you there fast! Minimum loan amount is $50,000, Maximum amount $250,000. Enjoy our quick turnaround, and up to $500 credit toward closing costs. Loan amounts over $100,000 require a full appraisal. The example is based on a $25,000 loan balance over 10 years. 2 Prepaid Finance Charges paid by the member and affect the Annual Percentage Rate. 3 Escrow for taxes and insurance may be needed and are not included in the principal and interest (P&I) payment amount shown above. 4 Cash out is limited to $2,000. APR = Annual Percentage Rate. APRs listed are effective as of 10/01/2024 and subject to change at any time without notice. Your rate may be higher than the stated APR. Rates are based on creditworthiness, loan-to-value, and other criteria. |
|||||
Purpose/Limitations Refinance – No Cash Out4 |
Term (Years) 10 |
Rate 5.75% |
Pre-Paid Finance Charge2 $543.86 |
APR2 6.23% |
P&I Payment3 $274.42 |
Purpose/Limitations Cash Out |
Term (Years) 10 |
Rate 6.00% |
Pre-Paid Finance Charge2 $547.05 |
APR2 6.48% |
P&I Payment3 $277.55 |
Term (Years) |
Rate |
Pre-Paid Finance Charge2 |
APR2 |
P&I Payment3 |
---|---|---|---|---|
1 Fixed Rate, up to 95% loan to value ratio (LTV) for home improvement. Great rates and multiple term options are available with approved credit. The example is based on a $25,000 loan balance. Displayed rate for borrowers with excellent credit. Don’t worry, other rates and terms are available. Up to $500 credit toward closing costs available. 2 Prepaid Finance Charges paid by the member. Annual Percentage Rate shows effect of pre-paid finance charges on the rate. 3Principal and Interest (P&I) together equal the payment amount. APR = Annual Percentage Rate. APRs listed are effective as of 10/01/24 and subject to change at any time without notice. Your rate may be higher than the stated APR. Rates are based on creditworthiness, loan-to-value, and other criteria. |
||||
Term (Years) 5 |
Rate 6.25% |
Pre-Paid Finance Charge2 $547.40 |
APR2 7.16% |
P&I Payment3 $486.23 |
Term (Years) 10 |
Rate 6.50% |
Pre-Paid Finance Charge2 $553.49 |
APR2 6.99% |
P&I Payment3 $283.87 |
Term (Years) 15 |
Rate 6.80% |
Pre-Paid Finance Charge2 $561.12 |
APR2 7.16% |
P&I Payment3 $221.92 |
Term (Years) 20 |
Rate 7.88% |
Pre-Paid Finance Charge2 $581.55 |
APR2 8.19% |
P&I Payment3 $207.25 |
Term (Years) |
Rate |
Pre-Paid Finance Charge2 |
APR2 |
P&I Payment3 |
---|---|---|---|---|
1 Fixed Rate, up to 95% loan to value ratio (LTV) for home improvement. Great rates and multiple term options are available with approved credit. The example is based on a $25,000 loan balance. Displayed rate for borrowers with excellent credit. Don’t worry, other rates and terms are available. Up to $500 credit toward closing costs available. 2 Prepaid Finance Charges paid by the member. Annual Percentage Rate shows effect of pre-paid finance charges on the rate. 3 Principal and Interest (P&I) together equal the payment amount. APR = Annual Percentage Rate. APRs listed are effective as of 10/01/24 and subject to change at any time without notice. Your rate may be higher than the stated APR. Rates are based on creditworthiness, loan-to-value, and other criteria. |
||||
Term (Years) 5 |
Rate 7.00% |
Pre-Paid Finance Charge2 $556.37 |
APR2 7.93% |
P&I Payment3 $495.03 |
Term (Years) 10 |
Rate 7.25% |
Pre-Paid Finance Charge2 $563.30 |
APR2 7.76% |
P&I Payment3 $293.50 |
Term (Years) 15 |
Rate 7.55% |
Pre-Paid Finance Charge2 $571.87 |
APR2 7.92% |
P&I Payment3 $232.46 |
Term (Years) 20 |
Rate 8.52% |
Pre-Paid Finance Charge2 $591.78 |
APR2 8.84% |
P&I Payment3 $217.27 |
Term (Years) |
Rate |
Pre-Paid Finance Charge2 |
APR2 |
P&I Payment3 |
---|---|---|---|---|
1 Loans over $100,000 and/or loans with an LTV (Loan to Value) greater than 90% require a full appraisal. Fixed Rate, up to 95% loan to value ratio (LTV) for home improvement. Great rates and multiple term options are available with approved credit. The example is based on a $25,000 loan balance. Up to $500 credit toward closing costs available. 2 Prepaid Finance Charges paid by the member. Annual Percentage Rate shows effect of pre-paid finance charges on the rate. 3 Principal and Interest (P&I) together equal the payment amount. APR = Annual Percentage Rate. APRs listed are effective as of 10/01/24 and subject to change at any time without notice. Your rate may be higher than the stated APR. Rates are based on creditworthiness, loan-to-value, and other criteria. |
||||
Term (Years) 5 |
Rate 8.25% |
Pre-Paid Finance Charge2 $571.53 |
APR2 9.21% |
P&I Payment3 $509.91 |
Term (Years) 10 |
Rate 8.50% |
Pre-Paid Finance Charge2 $580.08 |
APR2 9.03% |
P&I Payment3 $309.96 |
Term (Years) 15 |
Rate 8.80% |
Pre-Paid Finance Charge2 $590.35 |
APR2 9.20% |
P&I Payment3 $250.60 |
Term (Years) 20 |
Rate 9.88% |
Pre-Paid Finance Charge2 $614.20 |
APR2 10.23% |
P&I Payment3 $239.27 |
Loan Paid Off In |
% Of Closing Cost Reimbursed to RadiFi by the Borrower |
---|---|
* All rates include up to $500 credit toward closing costs. However, reimbursement is required as a percentage of the fees if the loan is paid off in less than 3 years. Closing cost fees may range from $400 to $2,000 or more based on the size of your loan. These fees are shown on the addendum to your note. Here is a list of the standard closing cost fees. Flood Certification: $16.00
Higher appraisal fees may apply on a case-by-case basis. Full appraisals are needed for loans over $100,000 and for LTVs above 90%. Title Fees:
State of Florida Documentary Stamps: .0035 times the loan amount. APR = Annual Percentage Rate. APRs listed are effective as of 09/23/24 and subject to change at any time without notice. Your rate may be higher than the stated APR. Rates are based on creditworthiness, loan-to-value, and other criteria. |
|
Loan Paid Off In Less than 12 Month |
% Of Closing Cost Reimbursed to RadiFi by the Borrower 100% |
Loan Paid Off In Less than 24 Months |
% Of Closing Cost Reimbursed to RadiFi by the Borrower 50% |
Loan Paid Off In Less than 36 Months |
% Of Closing Cost Reimbursed to RadiFi by the Borrower 25% |
Loan to Value Ratio |
Index Rate4 |
Margin |
Index Plus Margin |
APR2 |
---|---|---|---|---|
¹ We offer a quick turnaround, up to $500 credit toward closing costs, an Annual Rate Cap2 that provides extra peace of mind, 8-year Draw Period, Low Margins over the Index Rate. Make sure to use your line of credit as inactivity fees3 apply!
2 Annual Percentage Rate. 3 $50 annual inactivity fee in January when prior YTD finance charges were less than $100. 4 Index: Variable rate subject to change annually based on prime rate as published in the WSJ (Wall Street Journal). Maximum rate is 15%, minimum rate is 3.25%. Maximum annual rate increase (Annual Cap) is 3% per year. Displayed rate for borrowers with excellent credit. Other rates and terms are available. The rate and APR are the same. The actual rate is the greater of the current index rate plus the margin or the minimum rate (floor). The minimum rate is 3.25%. Payment is amortized based on the remaining term on the loan and is recalculated after each advance and/or annual change to the index rate. For example, on a $25,000 loan, the monthly payment would be $217. APR = Annual Percentage Rate. APRs listed are effective as of 10/01/2024 and subject to change at any time without notice. Your rate may be higher than the stated APR. Rates are based on creditworthiness, loan-to-value, and other criteria. |
||||
Loan to Value Ratio 0-80% |
Index Rate4 8.00% |
Margin 0.00% |
Index Plus Margin 8.00% |
APR2 8.00% |
Loan to Value Ratio 81-90% |
Index Rate4 8.00% |
Margin 0.25% |
Index Plus Margin 8.25% |
APR2 8.25% |
Payment |
Remaining Term |
Time of Advance |
---|---|---|
First liens may require escrow of taxes and insurance which will increase the payment amount. |
||
Payment $209 |
Remaining Term 20 Years |
Time of Advance At initial advance |
Payment $271 |
Remaining Term 12 Years |
Time of Advance End of draw period (max 8 years) |
Make Waves with RadiFi:
RadiFi isn’t just about banking; it’s about empowering you to live vibrantly and achieve your dreams. When you choose RadiFi, you’re choosing a credit union that values relationships, empathy, and bold, innovative solutions. Join us and experience the difference in banking with a community-driven organization that truly cares.