Home Equity Loans

Take advantage of the equity in your home.

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Benefits

  • Available as a fixed-rate loan or variable-rate line of credit
  • Use to consolidate bills, make home improvements, pay for college expenses, and more!
  • Competitive interest rates
  • Lines of credit up to $100,000
  • Interest-only payment option
  • NO annual fee or closing costs with our Power Equity Line of Credit
  • Line of credit accessible through online banking

Home Equity Loans Rates

Account Type
Terms / Information
APR
Power Equity Line Of Credit
Terms/Information: Rate as low as
APR: 2.99%

APR= Annual Percentage Rate. Your interest rate and repayment terms will be based on individual credit history. Rate example is for a 740+ credit score borrower up to 80% combined loan to value. Rate is based on Wal Street Journal Prime interest rate at 2/1/2021.  Loan must be in first or second position on a primary residence and funds cannot be used to purchase the home. Property must be owner occupied. Hazard Insurance must be carried on the real property securing the account, and flood insurance is required on buildings located in a Special Flood Hazard Area. See credit union for more details.

RATES AS LOW AS PRIME

*The prime rate is the highest prime rate published in the “Money Rates Table” of the Wall Street Journal on the last business day of each quarter.  Prime is a variable rate; as it changes, the APR on your account will also change.  This special rate will be in effect until June 1, 2010. Thereafter, the APR will be based on the prime rate plus a margin of up to 3.5%. If the special rate was not offered, the present APR could be as much as 12.00%. The maximum APR that can apply is 18.00%.  Credit is subject to approval.  A home equity line of credit is secured by a first or second mortgage lien on your home, which must be one-to-four family residential real estate.  This type of credit is not available for modular homes, manufactured homes or cooperatives.  The minimum line of credit amount is $10,000, and the minimum loan amount is $5,000 for the first advance and $500 thereafter. [If applicable add – loan fees and closing costs vary up to $______________.]  Flood and /or property hazard insurance may be required. Other restrictions may apply. The present APR of 8.50% is current as of April 30, 2010. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice.

Account Descriptions

Account Type
Choose for
Additional Information
Closed-End Fixed-Rate Home Equity Loan
A one-time purchase. Using the equity in your home you get one lump sum, which you pay back with regular monthly payments over a set period of time.

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The fixed-rate home equity loan is ideal if you need to borrow for a one-time purchase. You get one lump sum, which you pay back with regular monthly payments over a set period of time.

  • Maximum term of 15 years
  • Finance up to 90% of your home’s appraised value
Power Equity Line of Credit
More frequent purchases. Using the equity in your home you are given a maximum loan amount that is available when needed. Make purchases and pay them off as you choose.

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A home equity line of credit works much like a credit card. You are given a maximum loan amount, and that amount is available when you need it. You can make purchases and pay them off as you choose. You can draw on your line by either transferring funds to your checking account online or by phone, or you can write a check.

Other benefits to our Home Equity Line of Credit

  • Rates some of the best in the market
  • Lines up to $100,000
  • Up to 80% LTV
  • NO annual fee or closing costs
  • Interest-only payment option available
  • 10-year draw period

*No closing costs unless closed within first 36 months.