Home Equity Loan Rates
Looking for low-cost financing to fund a home improvement project, take a vacation, make a major purchase or consolidate debt? If you own a home, a home equity loan may be your answer. Why? A home equity loan is secured by your home, so interest rates are usually lower than for unsecured loans and, in most cases, the interest is tax deductible*.
The Credit Union offers both closed-end, fixed-rate home equity loans and home equity lines of credit with same day approval for most loans. Find out if a home equity loan may be right for you.
Loan Rates as of 10/01/09:
| Type | Term | Rate | Minimums | Loan Value |
| Line of Credit | 5 year term; renew up to 15 years | as low as 4.50% APR* |
min=$5,000 max=$250,000 |
up to 70% |
| 5 year term; renew up to 15 years | as low as 4.50% APR* |
min=$5,000 max=$250,000 |
up to 80% | |
| Closed End | 5 year term | as low as 7.00% APR* |
min=$5,000 max=$250,000 |
up to 70% |
| 5 year term | as low as 7.50% APR* |
min=$5,000 max=$250,000 |
up to 80% | |
| Closed End | 10 year term | as low as 7.25% APR* |
min=$5,000 max=$250,000 |
up to 70% |
| 10 year term | as low as 7.75% APR* |
min=$5,000 max=$250,000 |
up to 80% | |
| Closed End | 15 year term | as low as 7.50% APR* |
min=$5,000 max=$250,000 |
up to 70% |
| 15 year term | as low as 8.00% APR* |
min=$5,000 max=$250,000 |
up to 80% |
* APR=Annual Percentage Rate. Rates are subject to change without notice and are based on credit qualification. Rates shown are best rates available to those who qualify. Home Equity Line of Credit (HELOC) rates are variable and based on Prime Rate. Consult tax advisor for tax deductability. For more information, please contact a Member Service Representative at 1.800.968.5626.
