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Home Loans

Home Equity Loans and Lines of Credit


Home Equity Loan Option

  • 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 Options

  • 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.



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%. 

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