Get the refreshing feeling of that new pool you've always wanted, the home improvement project you've been meaning to get done, or even that debt consolidation to free up some extra cash every month. With an easy to secure Home Equity Loan or Line of Credit, the possibilities are endless. Enjoy financing up to 125% of the value of your home, local underwriting and processing, which means you won't have to wait weeks for a decision or your funds.

Details
  • Easy to apply
  • Affordable payments
  • Low fixed rates
  • Borrow up to 125% of your property value*
  • Various financing options with no closing costs
  • 7, 10 and 15 year terms
  • Interest may be tax deductible**
  • Use funds for most anything
  • Local underwriting
  • Available to Florida residents only
  • Credit life and disability protection available
  • Convenient Online Payment - Learn More

*Over 90% CLTV = 1.00% increase in qualifying rate.

**Consult your tax advisor.

Home Equity Line of Credit (HELOC)

It's easy to plan for major purchases such as a home improvement project or college, but you should also be prepared for life's unexpected expenses. The equity in your home is an easy way to be ready for those untimely emergencies or that weekend project that turns into a major remodel. A home equity loan or LOC is easy to secure and we offer financing up to 125% of the value of your home*.

  • Ready line of credit
  • Adjustable rate of interest
  • Borrow up to 100% CLTV*
  • 20-year term
  • 10-year draw period
  • First Advance: $5,000
  • Subsequent Advances: $500
  • Interest may be tax deductible**
  • Use funds for most anything
  • Easy access to funds when you need them
  • Pay interest on only what you use
  • Use it again with no need to re-apply
  • Local underwriting
  • Available to Florida residents only
  • Restrictions may apply

*CLTV equals Combined Loan to Value. The APR will be based on Prime Interest Rate published in The Wall Street Journal (the index), plus a Margin of .75%. As of June 15, 2017 the Prime Rate in The Wall Street Journal is 4.25%. The APR will never be more than 18.00% or fall below 2.00%. All balances will accrue interest at a variable APR, which can adjust on the first day of each quarter based upon the Prime Rate published in The Wall Street Journal. There is no limit on the amount by which the APR can change during any one year period. A $5,000 minimum initial advance is required. Credit line is subject to credit approval, documentation, and security requirements. Closing costs are estimated to range between $350 and $1,500. Upon request, we will provide an itemization of the costs. Property insurance is required, including flood insurance if applicable. Applies only to owner-occupied primary residences located within the State of Florida. All terms are subject to change without prior notice. Offer applies to new home equity lines of credit and does not apply to those already financed with Alive CU. Good for standard closing costs only. This promotion does not include title insurance for lines over $50,000. Pre-payment penalty for those paid in full within the first year. Over 90% CLTV = 1.00% increase in qualifying rate. NMLS# 422880.

**Consult your tax advisor.

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