IBM Southeast Employees' Federal Credit Union

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 Fee Schedule
What You Should Know About Home Equity Lines of Credit
Putting Your Home On the Line Is Risky Business

*APR = Annual Percentage Rate. Actual loan rate will be based upon the borrower(s) creditworthiness and LTV. Minimum credit score of 640 required. 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 $100,000. For loans $100,001 or more, the borrower pays closing costs and APR will vary from stated Rate. If the Second Mortgage or Home Equity Line of Credit is discontinued or paid off within three years and the credit union paid your closing costs, a surrender fee of up to $400.00 will be charged. If your closing costs were less than $400.00 only the actual cost will be charged. $325 minimum Appraisal Fee when tax assessment or automated value analysis does not meet desired equity or home value is greater than $400,000 or loan amount is greater than $250,000. 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 4.00% with a maximum cap of 18.00%.