Your home's value can help pay for home improvement projects, education expenses, debt consolidatin and more. We offer both fixed and variable rate home equity loans and lines of credit. Both programs offer low rates and flexible terms. You can use the money to pay for:
• Debt consolidation
• Home improvement plans
• College tuition
• and so much more!
|Real Estate Product||Loan Rate||Origination|| APR*
as low as
|Home Equity Loans|
|2nd Mortgage 10 Year LTV<=80%||5.75%||0% Orig.||5.75%||$109.77 on $10,000|
|2nd Mortgage 10 Years LTV>80%||6.90%||0% Orig.||6.90%||$115.64 on $10,000|
|Home Equity Line of Credit**|
|Home Equity Line of Credit LTV <=80%||0% Orig.||P+0.5%||Payment based on outstanding balance.|
|Home Equity Line of Credit LTV >80%||0% Orig.||P+1%||Payment based on outstanding balance.|
** A home equity line of credit is an open-end loan. The rate can vary and is based on prime rate plus a margin. Rates listed are the most current rates. However, they are subject to change. Rates vary based on credit history, loan-to-value, owner occupied status and other factors. Rates range from P + 0% APR (prime rate plus a 0% margin) to 21% APR (maximum APR). The prime rate is based on the published rate in the Wall Street Journal. Rates cannot increase/decrease by more than 2% per year. Closing costs to open a new home equity line of credit range from $200 to $1,200. Real estate payment estimates do not include amounts for taxes and insurance premiums. The actual payment obligation may be greater. For more information about our home equity plans, please contact a credit union representative at 719/561-0804. WSJ prime rate 5.25% effective 9//27/2018.