Use a Fixed-Rate Second Mortgage for home improvements, debt consolidation, or any large purchase!

Receive Gold REWARDS with a Second Mortgage!

• Maximum mortgage amounts from $2,000 to $500,000
• Up to 90% Loan-To-Value
• Low, fixed rates
• Convenient terms available
• No closing costs*
• No application fees or origination points
• Loan terms to meet your needs
• Potential tax benefits

In order to apply online, you will need to log on to Online Banking from our home page. Once logged on, click on the 'Loans' icon and follow the instructions. You must be a current Credit Union Member in order to use the Online Banking system.

Learn about Home Equity Lines of Credit

Glossary of Home Loan Terminology - Become an expert on home loan terms with our handy reference!

Receive quick and helpful service from the professionals in our Mortgage Department. Contact us at mortgage@ibmsecu.org, 800.873.5100 or 561.982.4700 for more details.

Loan Disclosure
Loan Fee Schedule

*APR = Annual Percentage Rate.  Rates subject to change without notice.  The APR is the cost of the loan in percentage terms taking into account various loan charges of which interest is only one such charge.  The APR on all 2nd Mortgage products is equal to the stated rate based on the following: The Credit Union will pay your closing costs on loans up to $150,000.  For loans over $150,001, or when borrower pays closing costs APR will vary from stated Rate.  If your Second Mortgage or Home Equity Line of Credit is discontinued or paid off within three years, a surrender fee of $400.00 will be charged back to you for the charges incurred by the Credit Union.  Assessed Value LTV= Loan to Property Value. $225 minimum Appraisal Fee, when tax assessment or automated value analysis does not meet desired equity.  Hazard, flood and other applicable insurances may be required.  All IBM Southeast EFCU real estate loans are subject to income verification and credit approval.  For more information contact a Mortgage Representative for full details on the rates, terms, fees and conditions that may apply.  Certain states may not be eligible. The floor interest rate on the HELOC is 2.00% with a maximum cap of 18.00%.