Home Equity Loans & Lines

Home Equity Loan no closing costs

Whether it’s a big project or a little fix, our home equity loans are a perfect fit for your Spring home improvement needs. New roof, kitchen makeover or spring landscaping project - it’s a great time to get serious about your to-do list. From March 1 – June 30, 2020, we'll cover the closing costs for you*. Talk to a lender today!

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*All loans subject to approval. Offer applies to home equity loans of at least $20,000 and less than $150,000 with a minimum five-year term. Maximum loan to value of 80% and maximum term of 15 years for closed end loans or 25 years for Home Equity Lines of Credit. Offer not valid for real estate purchase transactions. Applies only to owner occupied, single family real estate. Borrower may be required to pay closing costs if the loan is paid off and closed before 36 months. Offer valid on applications received from March 1 – June 30, 2020 and closed by July 31, 2020. A first position, 5-year home equity loan with a balance of $20,000, 80% loan-to-value, a 3.99% Annual Percentage Rate would require a monthly payment of approximately $368.24. Total amount repaid would be 22,094.40. Property insurance required. Payment may increase if escrow is required for taxes and insurance. Borrower pays escrow related funding costs including taxes and insurance. Offer valid for well qualified borrowers. Other restrictions may apply. Call 719-561-0804 for complete details.

Current Rates

HELOC Loan Rates
Real Estate Product Loan Rate Origination APR*
as low as
Monthly Payment
Home Equity Loans
2nd Mortgage 10 Year LTV<=80% 5.25% 0% Orig. 5.25% $107.30 on $10,000
2nd Mortgage 10 Years LTV>80% 6.90% 0% Orig.5 6.90% $115.64 on $10,000
Home Equity Line of Credit Variable Rate**
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.
Home Equity Line of Credit Fixed Rate
Home Equity Line of Credit LTV <=80% 4.99% 0% Orig. 4.99% Payment based on outstanding balance.
Home Equity Line of Credit LTV >80% 6.75% 0% Orig. 6.75% Payment based on outstanding balance.
* Rates may vary based on your credit history. APR=Annual Percentage Rate.
** 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 3.25% effective 4/1/2020.

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