Loan Rates

Rates effective as of 2/17/2025

Home Improvement Loan Rates

Daily Periodic Rate	Approximate Term	APR*	Maximum**
0.02326%	up to 120 months	8.49%	$100,000

*APR=Annual Percentage Rate. Your rate will be based on your creditworthiness. Please contact the credit union to find out what rate you qualify for and what criteria we use to qualify you for a certain rate. Additional rules and restrictions apply.

**A maximum unsecured aggregate policy of $100,000 to any 1 borrower applies. Lower amounts apply based on credit risk.

Payment Example: A $50,000 loan at 8.49% APR would require monthly payments of $12.40 per thousand borrowed for 120 months. Total interest paid is $24,363.78, total amount paid is $74,363.78. APRs and other terms are subject to change at any time without prior notice.

Auto Loan Rates (new & used)

Daily Periodic Rate	Approximate Term	APR* as low as
0.01436%	1-42 months	5.24%
0.01436%	43-54 months	5.24%
0.01436%	55-66 months	5.24%
0.01504%	67-78 months ($18,000 minimum)	5.49%
0.0171%	79-84 months ($25,000 minimum, new only)	6.24%

*APR = Annual Percentage Rate. APR includes a .25% automatic-pay discount. Your rate will be based on your creditworthiness. Please contact the credit union to find out what rate you qualify for and what criteria we use to qualify you for a certain rate.

Payment Example: A $20,000 loan at a 5.24% APR would require a monthly payment of $23.15 per thousand borrowed for 48 months. Total interest paid is $2,215.35, total amount paid is $22,215.35.

Motorcycle Loan Rates (new & used)

Daily Periodic Rate	Approximate Term	APR* as low as
0.01986%	up to 72 months	7.25%

Payment Example: A $20,000.00 loan at 7.25% APR would require monthly payments of $24.07 per thousand borrowed for 48 months. Total interest paid is $3,103.71, total amount paid is $23,103.71.

Recreational Vehicle Loan Rates (new & used)

Daily Periodic Rate	Approximate Term	APR* as low as
0.01986%	up to 72 months	7.25%
0.02123%	73-120 months ($35,000 minimum)	7.75%
0.02534%	121-180 months ($50,000 minimum)	9.25%

Payment Example: A $20,000.00 loan at 7.25% APR would require monthly payments of $24.07 per thousand borrowed for 48 months. Total interest paid is $3,103.71, total amount paid is $23,103.71.

Short-Term, Fixed-Rate First Mortgage Rates

Mortgage Term	Interest Rate As Low As	Points (No origination or discount points)	CLTV (Loan to value)	Fees* (There may be additional closing costs)	APR** (Includes points fees and interest) as low as
12 Year	7.15%	0%	up to 80% (70% CLTV on attached town-homes and condos)	$1,057.75	7.162%
10 Year	6.90%	0%	up to 80% (70% CLTV on attached town-homes and condos)	$1,057.75	6.914%
7 Year	6.50%	0%	up to 80% (70% CLTV on attached town-homes and condos)	$1,057.75	6.519%

Minimum loan amount is $10,000.
Maximum loan amount is $500,000.
Jumbo loans ($806,500 or greater) are subject to increased interest rate.
Available only for owner-occupied, primary residence located within the state of Florida. Excludes vacation, second homes, mobile homes, manufactured homes, commercial property, rental homes, and multi-unit (2-4 units) homes.
An online value is used for this loan, but in the event that an online value is not available, a standard appraisal will be required.
Loan amounts of $150,000 or higher will automatically require a standard appraisal.
An appraisal fee will be collected from member in advance if required.
Servicing retained by the credit union.
No escrow account is required unless the loan is in a flood zone.
Credit and other qualifications apply for loan approval.

*Credit union will pay up to $500 of fees and closing costs. In the event the loan is paid off within 12 months of the disbursement date, borrower will be required to reimburse the credit union for all costs and fees paid on their behalf. Offer may not be combined with other closing cost offers. Offer can change or be withdrawn at any time without prior notice.

**APR= Annual Percentage Rate. APR is based on a $200,000 loan as well as individualized credit history, term of the loan, and specific characteristics of your credit application.

Second Mortgage Rates

Mortgage Term	Interest Rate as low as	Points (No origination or discount points)	CLTV (Loan to value)	Fees* (There may be additional closing costs)	APR** (Includes points fees and interest) as low as
20 Year	7.66%	0%	80%	$373.25	7.694%

Minimum loan amount is $10,000.
Maximum loan amount is $500,000. Maximum combined loan to value (CLTV) is 80% of appraised value less existing 1st mortgage balance, if any.
First Florida Credit Union must be in a 2nd lien position and any 2nd mortgages, utility liens, and down-payment assistance grants must be paid off with Home Equity funds at time of disbursements.
An online value is used for this loan, but in the event that an online value is not available, a standard appraisal will be required.
Loan amounts of $150,000 or higher will automatically require a standard appraisal.
An appraisal fee will be collected from member in advance if required.
Credit and other qualifications apply for loan approval.

Payment Example: A $50,000.00 loan at 7.66% APR would require a monthly payment of $407.73 per thousand borrowed for 240 months. The total interest paid is $47,851.10, total amount paid is $97,851.10.

*Credit union will pay up to $500 of fees and closing costs. In the event the loan is paid off within 24 months of origination, member will be required to reimburse the credit union for all fees and closing costs paid on member’s behalf. The fee example is based on a $50,000 loan.

**APR= Annual Percentage Rate. APR is based on upon individualized credit history, term of the loan, and specific characteristics of your credit application.

Home Equity Line of Credit Rates

Mortgage Term	APR*	Points (No origination or discount points)	Combined Loan to Value (CLTV)	Fees (There may be additional closing costs)
20 years	Introductory Annual Percentage Rate (APR) as low as 4.99% for 12 months. Afterward, variable APR 7.50% to 12.00%.*	0%	up to 80% (70% CLTV on attached town-homes and condos)	$438.25**

20-year term with a 10-year draw period.
Maximum loan amount is $250,000.
Minimum loan amount is $10,000.
Maximum Combined Loan to Value (CLTV) is up to 80% of appraised value, less existing 1st mortgage balance, on single family detached homes***
Maximum CLTV is up to 70% on attached town-homes and condominiums.***
First Florida Credit Union must be in a 1st or 2nd lien position, and any 2nd mortgages, utility liens, and down-payment assistance grants must be paid off with HELOC funds at time of disbursement.
An online value is used for this loan, but in the event that an online value is not available, a standard appraisal will be required.
An appraisal fee will be collected from member in advance if required.
Credit and other qualifications apply for loan approval.
Loan amounts of $150,000 or higher will automatically require a standard appraisal.
For owner occupied primary residence located within the sate of Florida only.

* APR=Annual Percentage Rate. The introductory APR will remain in effect for 12 months. Introductory APR is not based on the index and margin used for later rate adjustments. The maximum introductory APR is 5.49%. The introductory APR you receive is based on your individual credit history and Combined Loan to Value (CLTV). After the introductory period, your APR will adjust to The Wall Street Journal (WSJ) Prime Rate, plus or minus a Margin. As of December 19, 2024, the Prime Rate in the WSJ is 7.50%. The Margin ranges from 0% to 4.50% and is based upon your individual credit history and CLTV. Your APR will never be more than 18% or the maximum permitted by law, whichever is less. However, your APR will not be less than 4.00%. All balances will accrue interest at a variable APR, which can adjust on the first day of each month, based upon the Prime Rate published in the WSJ 10 days prior to the adjustment date. There is no limit on the amount by which the APR can change during any one-year period.

**Is based on a $50,000 loan and 20 year term. Closing costs are estimated to range between $350 and $1,200. Upon request, we will provide you with an itemization of the costs.

Property insurance is required, including flood insurance if applicable.

***CLTV restrictions apply based on loan amount.

Boat Loan Rates (new & used)

Daily Periodic Rate	Approximate Term	APR* as low as
0.01986%	up to 72 months	7.25%
0.02123%	73-120 months ($35,000 minimum)	7.75%
0.02534%	121-180 months ($50,000 minimum)	9.25%

Payment Example: A $20,000.00 loan at 7.25% APR would require monthly payments of $24.07 per thousand borrowed for 48 months. Total interest paid is $3,103.71, total amount paid is $23,103.71.

Personal Loan/Line of Credit Rates

Type	Daily Periodic Rate	APR*	Maximum Loan Amount**
Personal Loan	0.02737%	9.99%	$100,000
Personal Line of Credit	0.02737%	9.99%	$100,000

*APR= Annual Percentage Rate. Your rate will be based on your creditworthiness. Please contact the credit union to find out what rate you qualify for and what criteria we use to qualify you for a certain rate.

**Lower amounts apply based on credit risk.

Payment Example: A $50,000.00 loan at 9.99% APR would require monthly payments of $18.53 per thousand borrowed for 72 months. Total interest paid is $16,672.96, total amount paid is $66,672.96.

Share-Secured Loan Rates

Type	Approximate Term	APR*
Certificate-Secured	up to 60 months	5.25%
Certificate-Secured	61-120 months	5.75%
Share-Secured	up to 60 months	5.25%
Share-Secured	61-120 months	5.75%

*APR = Annual Percentage Rate. Your rate will be based on your creditworthiness. Please contact the credit union to find out what rate you qualify for and what criteria we use to qualify you for a certain rate.

Payment example: $20,000.00 at 5.25%, monthly payment $23.15 per thousand borrowed for 48 months. Total interest paid is $2,219.62, total amount paid is $22,219.62.

Other Secured Loan Rates

Daily Periodic Rate	Approximate Term	APR* as low as
0.02055%	up to 72 months	7.50%

Payment Example: A $20,000.00 loan at 7.50% APR would require monthly payments of $24.19 per thousand borrowed for 48 months. Total interest paid is $3,215.67, total amount paid is $23,215.67.