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LOANS

Home Equity Loans & Home Equity Lines of Credit

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Let your house pay you back.

Your house is an asset that can help you reach your financial goals. When you have equity in your home, you can turn it into an affordable home equity loan that can be used for a variety of needs: Home Improvements, Debt Consolidation, Vacations, College Tuition and more!

Two Great Options To Choose From

Flex Home Equity Line of Credit

  • Apply for a credit limit that you can draw against in various amounts as needed.
  • Payments will vary from month to month based on the current balance of the line of credit.
  • Offers a "Lock" benefit that allows you to convert a portion of the outstanding balance to a fixed rate home equity loan in $5,000 or more increments.
  • Keep remaining portion of your line of credit open for draws and payments as needed.
  • Remaining balance stays at the Line of Credit rate.
Flex Home Equity Line of Credit
Effective Date: Friday, September 20th, 2019
Variable Rate
Loan to Value up toAPR as low as*Maximum APR
80.00% 4.75% 9.50%
90.00% 5.75% 10.25%
*Annual Percentage Rates (APR) are tied to the Prime Rate published in The Wall Street Journal. Rates and terms may vary depending upon credit qualifications and lien position. A full appraisal may be required depending on credit score. Certain criteria must be met to qualify for 95% LTV.

Fixed-rate, Fixed-term Home Equity Loan

  • Apply once for a specific loan amount with a specific term.
  • Payments will be the same every month until the loan is paid off.
  • Perfect for members who want to borrow a certain amount and have set monthly payments.
Home Equity Popular Terms
Effective Date: Friday, September 20th, 2019
Loan to ValueAPR as low as*Approximate Term
80.00%   up to 3 years
80.00% 4.49% up to 10 years
95.00%   up to 7 years
*Rates and terms may vary depending upon credit qualifications and lien position. A full appraisal may be required depending on credit score. Certain criteria must be met to qualify for 95% LTV.  Approximate monthly payment would be $29.41 per $1,000 borrowed at 3.75% for 36 months.

 

Which Home Equity Loan Is Right For Me?

A home equity loan is a type of loan in which you use the equity in your home as collateral. They are often used to finance major expenses such as home repairs, medical bills, or college education. A home equity loan does create a lien against your house and reduces actual home equity. We're here to help find the right option for you.

  Flex Home Equity
Line of Credit
Fixed-Rate
Home Equity Loan
Choose this loan if you:
  • Want to borrow on an as-needed basis (for emergencies, vacations, or other expenses)
  • Are comfortable with payments that vary based on the amount borrowed
  • Have a set amount you need to borrow
  • Want to know exactly what your monthly payments will be over the term
With this loan, you can:
  • Borrow up to 90% of your home’s appraised or assessed value less the outstanding first mortgage balance
  • Benefit from a rate that’s lower than many other loans
  • Pay interest, only when you have a balance.
  • Use the "Lock" benefit that allows you to convert a portion of the outstanding balance to a fixed rate home equity loan in $5,000 or more increments.
  • Borrow up to 95% of your home’s appraised or assessed value, or 90% of your home's appraised value less the outstanding first mortgage balance
  • Enjoy low fixed rates
  • Choose from terms up to 10 years
Fixed-Rate Home Equity Loan

Choose this loan if you:

  • Have a set amount you need to borrow
  • Want to know exactly what your monthly payments will be over the term

With this loan, you can:

  • Borrow up to 95% of your home’s appraised or assessed value, or 90% of your home's appraised value less the outstanding first mortgage balance
  • Enjoy low fixed rates
  • Choose from terms up to 10 years
Flex Home Equity Line of Credit

Choose this loan if you:

  • Want to borrow on an as-needed basis (for emergencies, vacations, or other expenses)
  • Are comfortable with payments that vary based on the amount borrowed

With this loan, you can:

  • Borrow up to 90% of your home’s appraised or assessed value less the outstanding first mortgage balance
  • Benefit from a rate that’s lower than many other loans
  • Pay interest, only when you have a balance.

 

Closing Costs

There are minimal closing costs charged once your loan is funded. Those costs can be taken from the first draw, loan proceeds, or paid directly at closing.

Get Started Today!

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