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  • Home Equity Loan Reviews
  • Home Equity Loan

Home Equity Line of Credit (HELOC)

A home equity line of credit (HELOC) from Space Coast Credit Union is a good choice if you need money periodically or want to have money on hand for emergency preparedness funds. A HELOC gives you the flexibility to borrow what you need, when you need it.

  • Flexible - Take the option of receiving cash in one sum, or access your account at any time for any type of expense, like home remodeling projects or college tuition.
  • Convenient - Low initial draw requirements mean you can access your account only when you need the funds. Our typical revolving line of credit doesn’t require you to draw a large amount on your line. $5,000 or more available with terms of 7-year draw and 7-year repayment period, plus other terms and rates are available.
  • Affordable – Low credit rates with no intangible tax, no points or origination fees, and no hidden fees.

Call Express Sales or apply online today.

Brevard: 321-752-2222 option 3
Broward: 954-704-5000 option 3
Miami-Dade: 305-882-5000 option 3
All Other Areas: 800-447-7228 option 3


All SCCU Home Equity Loans Feature

  • Fast application process by phone or online, with no application fee.
  • Low rates, fast closings, and quick approvals
  • Free home evaluations
  • Home equity loan financing and home equity loan refinancing available
  • Use up to 80% of home’s value (70% available on interest only mortgages and investment properties)
  • Free Online Banking & Mobile Banking
  • Free Account Alerts to help you manage your accounts


Your interest rate will be based on the available equity in your home, the amount of your loan, your credit history, and product chosen. Other programs, rates, and terms may be available. Approval subject to our usual credit criteria and clear title.

All decisions to grant credit will be based on an evaluation of your credit history and available equity in your home. Your interest rate will be based on the available equity in your home, the amount and term of your loan, and credit score.

Following the expiration of any Introductory Rate* period, Home Equity Lines of Credit will have a Variable Rate feature. The Annual Percentage Rate (corresponding to the periodic rate) and the minimum payment during the draw and the repayment periods can change as a result. The Annual Percentage Rate includes only interest and no other costs. The Annual Percentage Rate (APR) is based on the value of an index. The index is the highest Prime Rate as published in the Money Rates Section of The Wall Street Journal on the day that any Introductory Rate expires, and, subsequently, on the last business day of each month of each year. If more than one rate is shown, we will use the higher rate. To determine the Annual Percentage Rate that will apply to your line of credit, we add a margin to the value of the index. Ask us for the current index value, margin, discount and Annual Percentage Rate. After you open a line of credit, rate information will be provided in periodic statements that we send you.

Rate Changes: Your Annual Percentage Rate can change monthly. There is no limit on the amount by which the interest rate can change during any one-year period other than the maximum and minimum Annual Percentage Rates that can apply at any time to this account. The maximum Annual Percentage Rate at any time is 18.00%. The minimum Annual Percentage Rate at any time is 3.00%. The minimum annual percentage rate for the Interest Only HELOC is 3.75%.

Rates subject to change without notice. Proof of home owner's insurance sufficient to cover all outstanding mortgages, including your SCCU equity loan will be required. Some restrictions may apply.

If selected, the fixed rate APR will be in effect for the first five years (1, 3, and 5 year options available) after the account is opened. Upon expiration of the fixed rate introductory period, all balances will accrue at your qualifying rate. Following the fixed rate introductory period, your rate will be variable and may vary monthly, and is based on the value of an Index plus a margin (or spread). The Index is equal to the highest prime rate published in The Wall Street Journal "Money Rates" table on the last business day of each month of each year. The margin is based on your credit history and LTV.
  • SCCU Routing Number: 263177903

Space Coast Credit Union membership is open to all who work or live in Brevard, Broward, Flagler, Indian River, Martin, Miami-Dade, Monroe, Orange, Osceola, Palm Beach, Seminole, St. Johns, St. Lucie, or Volusia Counties in Florida.
*APR = Annual Percentage Rate. ^APY = Annual Percentage Yield.

  • Brevard: 321-752-2222
  • Broward: 954-704-5000
  • Miami-Dade: 305-882-5000
  • All Other Areas: 800-447-7228

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Member Rewards

Member Rewards is an exclusive Space Coast Credit Union program that provides benefits such as free or discounted services based on your level of participation in the credit union.

  • Gold members may order one FREE box of SCCU logo checks per year.
  • Platinum members may order unlimited FREE boxes of SCCU Exclusive Style checks (one box at a time).
Learn more about the Member Rewards program.