Home Equity Lines Of Credit (HELOCs)

Homeowners deserve a financial security blanket.

HELOC SPECIAL: Introductory 3.99% APR* Fixed Through June 30, 2025

Then Regular Variable APR as low as 7.75% APY*

Unlock the Power of Your Home’s Equity

Your home is more than a place to live—it’s also a valuable financial resource. A Home Equity Line of Credit (HELOC) allows you to tap into your home’s equity to achieve your goals, whether it’s tackling a major expense, consolidating debt, or investing in your future.

Key Features of a HELOC

Low Rates: Take advantage of competitive interest rates, often lower than personal loans or credit cards.
Flexible Access: Borrow as much or as little as you need, up to your credit limit.
Interest-Only Payment Options: Manage your budget by paying interest-only during the draw period.
Potential Tax Benefits: In some cases, the interest paid on a HELOC may be tax-deductible (consult your tax advisor).

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When to Use a HELOC

Home Improvements

Dreaming of a new kitchen, bathroom, or outdoor space? A HELOC is ideal for financing projects that enhance your home’s value and comfort.

Debt Consolidation

Simplify your finances by using your HELOC to pay off high-interest credit cards or loans. One payment at a lower interest rate can help you save money and get ahead.

Education Expenses

Planning for college or advanced learning? A HELOC offers a cost-effective way to fund tuition or other education-related expenses.

Emergency Fund

Life happens—medical expenses, unexpected repairs, or sudden financial needs. With a HELOC, you’ll have a financial safety net ready.

Major Life Events

From weddings to once-in-a-lifetime trips, a HELOC can make big dreams a reality without depleting your savings.

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How Does a HELOC Work?

Draw Period: Borrow as needed during the draw period, 8 years.
Repayment Period: Once the draw period ends, repay the principal and interest over 12 years.
Simple Payments: 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

Why RadiFi Credit Union for Your HELOC?

Local decisions for faster approvals.
No hidden fees or prepayment penalties.
Personalized guidance from a friendly, knowledgeable team.

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Funds On Demand For Homeowners

RadiFi’s Home Equity Lines of Credit (HELOCs) offer quick and convenient funding to homeowners for a variety of goals and up to $500 credit towards closing costs*.

Home Equity Line of Credit

Home Equity Lines of Credit (Variable Rate)¹
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! Line Amount is $10,000 to $250,000 with a $5,000 minimum first advance. Loans over $100,000 require a full appraisal. Draw period is 8 years with a 12-year repayment period. The payment is re-amortized after each advance or rate change based on the remaining months of the original 20-year term 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 12/03/2024 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 7.75%	Margin 0.00%	Index Plus Margin 7.75%	APR² 7.75%
Loan to Value Ratio 81-90%	Index Rate⁴ 7.75%	Margin 0.25%	Index Plus Margin 8.00%	APR² 8.00%

Example only $25,000 Home Equity Line of Credit with Variable Rate of 7.75%
Payment	Remaining Term	Time of Advance
First liens may require escrow of taxes and insurance which will increase the payment amount.
Payment $205	Remaining Term 20 Years	Time of Advance At initial advance
Payment $267	Remaining Term 12 Years	Time of Advance End of draw period (max 8 years)

Learn more about Home Equity Lines of Credit and apply for a loan

Up to $500 credit for all home equity products

Up to $500 Credit for All Home Equity Products*
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 Recording of Deed: $159.25 to $200.00 Electronic Document: $60.00 Tax Service: $78.00 Appraisal Fee: $65 fee for loans under $100,000 and under $575 fee for loans over $100,000 *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: Title Search Fee: $102.50 for loans under $200,000 Title Policy Fee: If over $200,000, the fee varies based on the loan amount. 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%

Closing Costs

Up to $500 Credit for All Home Equity Products*
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 Recording of Deed: $159.25 to $200.00 Electronic Document: $60.00 Tax Service: $78.00 Appraisal Fee: $65 fee for loans under $100,000 and under $575 fee for loans over $100,000 *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: Title Search Fee: $102.50 for loans under $200,000 Title Policy Fee: If over $200,000, the fee varies based on the loan amount. 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%

ALL YOUR BURNING QUESTIONS ANSWERED

A HELOC is a revolving line of credit that allows you to borrow against the equity in your home. It works somewhat like a credit card—you can borrow as needed up to a certain limit and pay interest only on what you use.

A HELOC offers flexibility to draw funds over time, whereas a home equity loan provides a lump sum upfront. A HELOC typically has a variable interest rate, while a home equity loan often has a fixed rate.

The amount depends on your home’s value, the amount you owe on your mortgage, and your creditworthiness. Most HELOCs allow you to borrow up to 80-90% of your home’s equity.

Only your primary residence located in Florida or Georgia can be used to secure a Home Equity Loan or Line of Credit.

The payment is re-amortized after each advance or rate change based on the remaining months of the original 20-year term.
Payment Options: Automatic transfer, cash or check, and Digital Banking.
Processing Time: Approximately 2-3 weeks.
Home Equity Early Disclosure

The draw period is up to 8 years. The total payback period is a maximum of 20 years.

HELOCs are versatile and can be used for:

Home renovations
Debt consolidation
Education expenses
Emergency funds
Major life events

Receive a relationship discount of 0.25% off your next HELOC!

Our thanks for being a great RadiFi Member.
Qualify for our discount by having an active checking account and $1,000+ per month in payroll direct deposit.

If you meet the established criteria for this discount, 0.25% APR* will automatically be taken off of your loan rate.

* APR=Annual Percentage Rate. Social Security direct deposits are considered Payroll Direct Deposit. Offer excludes mortgages, credit cards, personal loans, and other loans. Offer subject to change without notice.

No. In order to qualify, you must have at least $1,000 in non-transfer deposits within a 30-day period.

No. Any loan amount would qualify for the relationship pricing discount.

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Unanticipated expenses, debt consolidation, and more. Personal loans are an ideal tool for meeting a variety of financial obligations.

Discover Personal Loans

HAVE QUESTIONS? LET’S CHAT.

Our local team of mortgage experts are ready and able to answer your questions regarding home buying, refinancing, home equity loans and lines of credit, and more.

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Disclosures

***HELOC Introductory Promotion Disclosure:

80% LTV, 20 Years: 8-year draw, 12-year repayment. 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 $152.

This promotional, introductory Annual Percentage Rate (APR) applies only to new loans. Rate is effective as of November 15, 2024, for loan applications submitted by January 31, 2025, and loan must be closed and funded by March 30, 2025 to receive introductory APR. A variable rate APR will apply based upon credit score and loan-to-value after June 30, 2025. The variable rate is 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.

1 $50 annual inactivity fee in January when prior YTD finance charges were less than $100.

2 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.

3 First liens may require escrow of taxes and insurance which will increase the payment amount.

*See section above for details on up to $500 credit toward closing costs.