Home Equity Loans

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Home Equity Loan

Imagine the Possibilities

Use your home’s equity to fund a variety of expenses, kickstart a DIY project, transform an outdated space or consolidate debt. You can get a lump sum in the form of a loan, or open a home equity line of credit (HELOC) to cover recurring expenses. 

Home Equity Loan

  • Competitive rates for several short-term or one-time needs:
    • Education expenses
    • Home improvement projects
    • Debt consolidation
  • Rates may range from 4.00% to 10.50%*
  • Access up to 80% of the appraised value of your home**
  • Fixed rate with terms of 5, 10 and 15 years
  • The interest you pay may be tax-deductible***
  • Use funds for any purpose

*APR. Annual Percentage Rate. The rate may vary depending on each individual's credit history and underwriting factors. Rates effective January 1, 2016. All loans subject to credit approval. Other terms and conditions may apply, ask for details. Acceptable property is primary and 2nd home, no rental properties. Property insurance is required. Flood insurance may be required. Third party fees charged if loan is terminated for any reason within the first two years ($250 - $1,295). All credit union loan programs, rates, terms, and conditions are subject to change at anytime without notice.

**Less superior liens, such as your first mortgage.

***Consult your tax advisor about the deductibility of interest.

We are an Equal Housing Lender, and do business in accordance with the Federal Housing Law and the Equal Credit Opportunity Act.

Start My Application   Contact a Lender

HELOC

Home Equity Line of Credit

  • Competitive rates for several ongoing or seasonal needs:
    • Education expenses
    • Home improvement projects
    • Debt consolidation
  • Variable rates range from Prime +1.00% to Prime +5.25%*
  • Financing up to 80% of the appraised value of your home**
  • Draw period up to ten years, amortized for 25 years
  • The interest you pay may be tax-deductible***
  • Easy access to your funds for any reason
  • Only pay interest on amount you use
  • Re-use as needed without re-applying

The following applies to Variable Rate Option Programs:

  • Rate Adjustment Variable - rates adjusted on the 1st of each month
  • Index - Prime Rate
  • Floor - 4% APR
  • Life Cap - 18% APR
  • Minimum $1,000 initial draw
  • Draw period - 10 years
  • Index Source - Highest Prime Rate quoted in the Wall Street Journal on the 25th or next business day of the previous month.

What you should know about Home Equity Lines of Credit. (PDF)

*The rate may vary depending on each individual's credit history and underwriting factors. All loans subject to credit approval. Rates are accurate at time of publication. Acceptable property is primary and 2nd home, no rental properties. Property insurance is required. Flood insurance may be required. Other terms and conditions may apply, ask for details. Third party fees charged if loan is terminated for any reason within the first two years ($250 - $1,295). All credit union loan programs, rates, terms, and conditions are subject to change at anytime without notice.

**Less superior liens, such as your first mortgage.

***Consult your tax advisor about the deductibility of interest.

We are an Equal Housing Lender, and do business in accordance with the Federal Housing Law and the Equal Credit Opportunity Act.

Start My Application   Contact a Lender

Rates

Home Equity Loan Rates

Type of Home Equity LoanAnnual Percentage Rates (APR)*
Variable Prime + 1.00% to Prime + 5.25% with a Life Cap of 18%
Fixed up to 70% Financing 4.00% - 10.00%
Fixed up to 80% Financing 4.50% - 10.50%

Effective Date: June 15, 2017 (We may offer other rates and terms in the future.)

Prime Rate as of June 15, 2017 - 4.25%**

*Annual Percentage Rate (APR). Rates are accurate as of effective date. Rates listed are the lowest and highest Annual Percentage Rate (APR) available. The rate may vary depending on each individual's credit history and underwriting factors. All loans subject to credit approval. Other conditions and terms may apply; contact our ServiceLine or visit a branch for complete details. Acceptable property is primary and 2nd home, no rental properties. Property insurance is required. Flood insurance may be required. Third party fees charged if loan is terminated for any reason within the first two years ($250 - $1,295). All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice. **Highest Prime Rate quoted in the Wall Street Journal on the 25th or next business day of the previous month.

TERMS OF REPAYMENT EXAMPLE (Fixed Rate Home Equity Loans)

If you apply for a $50,000, 180 month term loan at 7.75% Annual Percentage Rate (APR)*, you would make 180 monthly payments of approximately $470.64.

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