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For mortgage or home equity lines of credit payoffs, please submit your request to, along with the date of payoff required and the member’s written authorization. Please note, digital signatures are not permitted for payoff requests. For more on mortgage servicing, please visit our Mortgage Servicing page

How Can We Help You?

Mortgage HELOC
Family in front of their home New home blueprints
Launch Offers Purchases, Second Mortgage, Refinance, and Lot Loans Launch Offers a Fixed Rate and Variable Rate Home Equity Line of Credit
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Launch Makes Mortgages Simple

Let’s face it, the mortgage process can be intimidating and frustrating. We know. We get it. Whether you’re looking to finance your first home, your next home, a vacation home, a piece of property for your future dream home, or refinance your current home, we want to be there every step of the way.

When you finance with Launch CU, your home loan stays here, and we’re here to answer all your questions face-to-face. All of our mortgages are serviced-in house, this means that we will never sell your mortgage.

You may be asking yourself, “How much home can I afford?” You are on the right track. Utilize our mortgage calculator to determine how much home you can afford so that you know where to start your shopping. Looking for tips? Our mortgage tips will get you off on the right foot.

Mortgage Testimonial

Apply for a Mortgage

Purchase   Refinance
We offer conventional fixed rate loans on owner occupied residential dwellings, rental properties, and second homes in Florida.   Rates are at an all-time low. Refinancing your home may save you money.
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Second Mortgage   Lot Loan
A second mortgage provides you with a lump sum, which is excellent for larger home improvement projects or to pay off high-rate debt.   Let us help you finance the perfect lot.
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Launch Mortgage Testimonial

Apply for a Home Equity Line of Credit


Fixed Rate Home Equity Line of Credit   Variable Rate Home Equity Line of Credit
With a fixed interest rate, your interest rate will not fluctuate throughout the term of your loan.   Variable interest rate simply means that your interest rate may fluctuate over time.
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With a Home Equity Line of Credit (HELOC), you are able to borrow up to 80% of your property’s value, with a maximum loan amount of $250,000.

Home remodel- Home Equity Loan

Launch Credit Union Mortgages

Home Loans For As Little As 3% Down

Buying your first home is a major investment, and you may not have enough saved up to put down 20% for a down payment on your new home. We are here to help. We can help you unlock doors to your future for as little as 3% down.

No Closing Cost Mortgage Option

Save up to $5,000!* when you buy or refinance with our No Closing Cost Option.

  • Save money up front NOW when you need it most
  • Flexible terms to fit your needs
  • No points, fees or closing costs
  • LOCAL decision making and FAST closings
  • We don’t sell your mortgage – Local Servicing
  • Down payment as low as 3%***
View Our Low Rates
Launch Credit Union Mortgage Testimonial

Home Loan FAQ’s

1. What is the difference between a First & Second Mortgage?

A first mortgage is the primary loan on your home. A second mortgage is any loan that you take out on the equity you have built in your home. Equity is the appraised value of your home minus what you owe on the first mortgage.

2. What is the processing time for a 1st mortgage?

Generally, a first mortgage can close in four to five weeks.

3. What is the processing time for a 2nd mortgage?

Approximately 2 - 3 weeks.

4. What is the processing time for a Home Equity Line of Credit?

Approximately 2 - 3 weeks.

5. How does a Home Equity Line of Credit work?

With a Home Equity Line of Credit, or HELOC, you have control over how much you need to borrow and when. You pay interest only on the amount you borrow. The maximum you can borrow on a HELOC is $150,000.

6. What is LTV (loan to value) and how is it calculated?

The acronym LTV means loan to value and is calculated by dividing the loan amount (all liens) by the value of the property. (CLTV)

7. What are closing costs?

Closing costs are charges and fees that apply to mortgage loans. Generally, these fees include, but are not limited to, application fees, appraisals, title insurance, doc stamps, recording fees, etc.

We Offer a Full Suite of Mortgage Products:

Loan Type (Fixed or Variable) Fixed
Loan Term 10 years to 30 years
Borrowing Parameters Must be an owner-occupied residential dwelling in the State of Florida
Loan Amount $50,000 to $1,000,000
Loan-To-Value Up to 97% (lesser of appraised value or sales price)
Private Mortgage Insurance Required if loan to value is more than 80%
Down Payment As low as 3% of sales price* or appraised value, whichever is lower

View our First Mortgage Information Sheet.

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Questions? Please Submit Your Information Below

    Please do not include any sensitive or private information such as social security or account number in your message.

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    Be sure to also review our First Mortgage Information Sheet, our Second Mortgage Information Sheet, and our Lot Loans Information Sheet.  If you're interested in purchasing a condominium, check out our Condo Buyer's Guide.

    Give us a call at 321-455-9400 (inside Brevard) or 800-662-5257 (outside Brevard) or come visit us at any one of our convenient branch offices. We'll be happy to talk about your mortgage options based on what you'd like to achieve.


    Programs, rates, terms, and conditions are subject to change without notice at any time. Savings account required for loan. Only a $5 minimum deposit required to open account and become a Launch CU member. You can become a member if you live, work, worship, or attend school in counties we serve. The rate you pay will be based on your credit history. If your risk profile puts you in a higher risk category your rate may be higher. Your APR will vary based on your final loan amount and finance charges. APR means Annual Percentage Rate.


    Available for new purchase or refinance. Cannot be used to refinance existing Launch Credit Union debt. Launch CU will pay borrower closing costs up to a maximum amount of $5,000 excluding private mortgage insurance, prepaid interest, home owner association fees, or funds to establish the member’s escrow account. If the borrower pays off the mortgage within the first 3 years, they will be required to reimburse Launch for a portion of the closing costs paid by Launch. Choosing to take advantage of this offer will add .375% APR to member’s qualified loan rate. Offer available for a limited time and subject to change without notice.


    Maximum 97% Loan-to-Value (LTV). Must be owner-occupied; primary residence or second home only. Maximum loan amount $1,000,000. APR = Annual Percentage Rate. Example: for a $100,000 loan for a term of 30 years with an interest rate of 3.125% (3.233% APR), the monthly payment will be $428.38. Sample payment includes principal and interest only; taxes and insurance will increase your payment. The rate you pay is based on credit history and term. Loans exceeding 80% of the appraised value of the home require private mortgage insurance. Programs, rates, terms, and conditions are subject to change without notice at any time. $5 deposit required to join.

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