Home Equity Loans

Home Equity loans are for virtually any purpose - buying a new car, holidays, home improvements, debt consolidation or even buying a second home. A Home Equity Installment Loan can be repaid over 5 to 10 years, with level payments and a fixed interest rate.

• Loan Amounts of $5,000 to $806,500 dependent on appraised value
• Borrow up to 80% of the appraised value
• Repayment terms: up to 60 months, 61- 84 months, and 85 - 120 months
• Free Autopay
•  The Credit Union may pay third party fees on your behalf. If we do, and you pay off your home equity loan within 36 months, you agree to reimburse us for the actual amount of bona fide third-party fees paid, as permitted by applicable law. 

Home Equity loans can be used for virtually anything you like - buying a new car, holidays, home improvements, consolidation of debts or even buying a second home. A Home Equity Line of Credit conveniently allows you to borrow and use the funds as you need them. The interest rate is variable and your monthly payment may vary.

The interest rate is variable and based on the Wall Street Journal Prime Rate.

• Loan Amounts of $5,000 to $806,500.
• Borrow up to 80% of the appraised value.
• 10-Year Draw Period: Access funds when you need them with interest-only payments during the draw period.
• Transition to Fixed: After 10 years, your balance converts to a 5-year fixed-rate term loan at our then-current rate.
• Revolving credit line.
• Interest rate is variable based on the Wall Street Journal Prime Rate minus 0.50%. There is a minimum rate floor of 3.50% and a maximum rate of 18.00%.
• Free Autopay.
•  The Credit Union may pay third party fees on your behalf. If we do, and you pay off your home equity loan within 36 months, you agree to reimburse us for the actual amount of bona fide third-party fees paid, as permitted by applicable law. 

Concerned you may not have enough equity in your home? You may qualify for an Access Credit Line based on your personal credit instead! Just ask any loan representative.