1APR = Annual Percentage Rate. The APR is a variable rate based on the Wall Street Journal Prime rate plus a margin based on your credit history. This rate is subject to change. Maximum APR that can apply is 18%. After 1 year HELOCs currently have a rate of as low as 4.50% APR.  All costs are dependent on loan amount and loan to value and are subject to change.  A minimum $10,000 draw is required at time of closing and member agrees to keep loan with USF FCU for 36 months or borrower will repay closing costs paid by USF FCU. If full appraisal or title insurance is necessary all fees associated with those items are the responsibility of the member. The costs for appraisals and title and insurance range from $350 to $2110.

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