Mortgage & Home Equity

Financing Made Easy

Whether you’re purchasing a new home, a mobile home and land, building a new home or refinancing your current mortgage, we are here to make financing your mortgage easy.

We are associated with CU Support Services, which searches the country for the most competitive interest rates. They offer fixed or adjustable rate loans, 1-year to 7-year ARMs and land loans, among other mortgage-related offers. By financing through FLAG Credit Union and CU Support Services, you may also save the cost of intangible taxes.

Visit CU Support Services for full details.

Home Equity Line of Credit

A Home Equity Line of Credit (HELOC) gives you the freedom to use your equity whenever it is convenient for you.

  • Borrow as little as $10,000.00 up to $100,000.00
  • Terms up to 15 years, with a 5 year draw period
  • Lines of credit up to 80% of the home’s value
  • The minimum first advance must be $1,000.00
  • Minimal closing costs

Home Equity Line of Credit for
Manufactured Homes

  • Borrow as little as $10,000.00 up to $50,000.00
  • Terms up to 15 years, with a 5 year draw period
  • Lines of credit up to 80% of the home’s value
  • The minimum first advance must be $1,000.00
  • Minimal closing costs
  • No older than 15 years minimum of a double wide home, registered as real property
  • First lien position required

What You Should Know About HELOCs

Rates for Home Equity Lines of Credit are based on the Wall Street Journal Prime Rate (WSJPR) with an added margin.  Please contact a FLAG Credit Union Mortgage Loan Originator for current pricing, closings costs, and program details by calling 850-488-6781, option 3, 2.

Flag Credit Union’s NMLS ID# 653000