CUs for HELOC in South FL

[David Johnson]

Hello Everyone, 

I'm currently shopping around for local credit unions that offer HELOCs and looking for feedback from anyone that has experience. I'm located in Fort Lauderdale and own my home outright. I'm looking to free up some cash for a small rehab and purchasing a rental property later on down the line. 

On the bigger bank side, I've found PenFed to be the most appealing due it it's relatively low APR and fixed/variable options. I'm interested in smaller, local CUs to establish a relationship with.

Any help is greatly appreciated!

Thanks,

DJ

[Mike Barone]

@David Johnson I am in Broward also and was searching for months for local branches to utilize for a HELOC. Most of the local banks were closed or just never returned my phone call. It was during the height of the pandemic so that might have played a role in my experience. I ended up going with PNC Bank who had the best rates and terms at that time. The process was straight forward and the branch I used (Nova and University Drive in Davie) was very responsive to any questions.