Home Equity Loans
Your home, your asset
If you need to:
- Obtain additional loan or line of credit on a home you already own
Here’s what we offer:
- Home Equity: Fixed-rate loan
- Home Equity: Variable-rate line of credit
- Home loan consulting
Home Equity Rates
Home Equity Loan
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See definition for Annual Percentage Rate (APR) Annual Percentage Rate (APR)5.24%-7.75%
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See definition for Max loan-to-value Max loan-to-value100%
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See definition for Max amount Max amount$500,000
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See definition for Payment period Payment periodUp to 240 months
More Information
We may lend up to 100% of the appraisal or 100% of the automated valuation model1 of the property. Loans $250,000 and greater require an appraisal at member's cost.
Home Equity Line of Credit (HELOC) - Variable Rate
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See definition for Annual Percentage Rate (APR) Annual Percentage Rate (APR)5.24%-8.25%
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See definition for Max loan-to-value Max loan-to-value100%
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See definition for Max amount Max amount$500,000
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See definition for Payment period Payment period10 year draw period with 20 year repayment period.
More Information
We may lend up to 100% of the Appraisal or 100% of the automated valuation model1 of the property. A Prepayment fee of $350 will be charged if the loan is paid off and closed within the first 24 months. Maximum interest rate of 18%.
Variable rate Home Equity Lines of Credit are calculated at the rate specified, then adjusted monthly based on the index plus a margin indicated in the Home Equity Loan Rates and Fees Addendum.
1Certain restrictions apply; please contact us at 800.562.0999 for details.
Rates and terms are based on current market and are subject to change without notice.