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A trusted hand to help you realize your dreams of home ownership.


Residential Mortgages

Whether you're thinking about purchasing a new home, you are a first time home buyer or you are refinancing your current home, we've got the mortgage you need with low rates and flexible terms.1

Now through December 31st, when you purchase or refinance any mortgage3 with SFEFCU, you will receive an additional $250 off our already low closing costs!

Conventional mortgage programs are available up to $453,100 and include:

Jumbo Loan programs are available up to $1,000,000 and include:

  • 5/1 adjustable rate loans2
  • 7/1 adjustable rate loans2
  • 10/1 adjustable rate loans2

Home Equity

With a Home Equity Loan or Home Equity Line of Credit, you will be able to use your home as a financial resource to help you achieve your goals quickly.

Home Equity details

Features include

  • Limits between $10,000 and $300,000
  • Loans up to 90% of the property value less any outstanding first mortgage balance
  • Property value is determined by an appraisal
  • No prepayment penalties

The Credit Union will pay for the following closing costs1

  • Mortgage Title Search
  • Appraisal/Property Valuation
  • Termite Inspection (up to $75)
  • Roof Inspection (up to $75)
  • Documentary Stamp Tax (computed on the loan amount)
  • Recording Service Charge

Your Out-of-Pocket Expenses

  • Homeowners Insurance
  • Flood Insurance
  • Windstorm Insurance

Home Equity Fixed Rate Loan2

Intended for a specific expense, a Home Equity Fixed Rate loan is great for home improvements, dream vacations or debt consolidation — the possibilities are endless! A Home Equity Fixed Rate loan offers a one-time cash payout with convenient repayment terms of 5, 7, 10 and 15 years.

Home Equity Line of Credit2

A Home Equity Line of Credit (HELOC) works similar to a credit card. As you make payments on your decreasing Home Equity balance, paid-off funds become available again without submitting another loan application. Variable rate Home Equity Lines of Credit are available.

Our variable rate Home Equity Line of Credit is for a pre-established amount, offers a ten-year draw period and a repayment term of 10 years.

1Subject to average minimum daily balance requirement of $10,000 during first 12 months.

2A mortgage is recorded against the property. SFEFCU's position may be subordinate only to a recorded first mortgage. All other outstanding mortgages or liens must be paid from the proceeds of the loan, which would reduce the actual cash to you. Must be members primary residence, located in Florida and owner occupied. No portion of your home can be under construction. Eligibility for the lowest rate and loan approval is based on creditworthiness, ability to repay, credit score and repayment period.

APR=Annual Percentage Rate. All Credit Union loans are subject to approval. Home Equity Fixed Rate Loan rates range from 4.50% to 10.99% APR. A Home Equity Variable Rate Line of Credit Loan has a maximum APR of 18.00%. Available terms are from 5 to 15 years and vary by product. All Home Equity and Line of Credit Loans are subject to an average minimum daily loan balance of $10,000 during the first 12 months; otherwise, the member will be responsible for reimbursing the Credit Union for closing costs incurred.

South Florida Educational Federal Credit Union's NMLS Number 543676.