Home Equity Loans and Lines of Credit

Home Equity Loans and Lines of Credit


home loans

Home Equity Loan Option                 click to apply for a home loan online



  • 12-Year Fixed Rate Home Equity Loan
    The rate is as low as the 15-Year in-house first mortgage rate plus 1.50% Annual Percentage Rate (APR) for qualified borrowers.  Borrow up to 90% of the home’s appraised value minus the first mortgage balance.  For example, a home equity loan of $50,000 with an Annual Percentage Rate (APR) of 6.38% for a term of 144 months (12 years) would result in a monthly payment of approximately $487.93.
Home Equity Line of Credit Option click to apply for a home loan online



  • 15-Year Home Equity Line of Credit with 8-Year Advance Period
    Principal and interest payments apply over 15-year term.  Borrow up to 90% of home’s appraised value minus any first mortgage balance.  Rate will not exceed 15.50% APR.

 closing cost information

click to view home equity FAQs click to view home mortgage disclosure act notice click to view ehl notice of nondiscrimination compliance

Loan approval and approved rate are subject to credit worthiness. Membership not required to apply for loan but required prior to funding.  Borrower is responsible for cost of appraisal and/or title insurance if required. Title Insurance is required on loan amounts of $50,000 or greater. Flood and/or hazard insurance may be required. Closing fees vary depending on loan amount. Minimum fixed rate loan amount is $10,000. Minimum Line of Credit (LOC) amount is $5,000 for first advance and $100 thereafter. Minimum required monthly payment is $100. Restrictions apply to lender credit. A home equity loan or LOC is secured by a first or second mortgage lien on your primary one-to-four family residential real estate. Certain restrictions apply. Rates and terms subject to change. See Credit Union for details.

*If line of credit is paid off and closed within 12 months of opening date, then a final advance of up to $400 will be charged to member’s account for closing cost fees paid on his/her behalf.  **The highest prime rate published in the “Money Rates Table” of the Wall Street Journal on the 20th of each month. Prime Rate is variable; as it changes, APR on home equity line of credit account also changes. The rate you qualify to receive may vary depending on individual credit history and underwriting factors. Maximum rate for a home equity line of credit is 15.50% APR. The floor rate for a home equity line of credit is 3.50%.