Home Equity & HELOCs

Fixed Home Equity Loans and HELOC's

Benefits of an Equity Loan

A home equity loan, often referred to as a second mortgage, allows you to borrow money for large expenses or to consolidate debt by leveraging the available equity in your home. Your home equity is based on the difference between the appraised value of your home and your current balance on your mortgage. For example, if the value of your home is appraised at $200,000 and you still owe $150,000 on your mortgage, your available equity is $50,000

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Equity Loans: Fixed Home Equities and Variable HELOC’s

  • 5, 10, and 15-year terms
  • 10-year draw, 10-year payback HELOC’s
  • Fixed monthly payments available
  • Low-Interest Rates
  • Appraisal costs will be reimbursed if the loan closes, otherwise charged to the member’s account.
  • Tax Deductions

Equity Loan Rates

Type APR *as low as Max Term
Fixed Home (80% of appraised value) 3.99% $150,000 5 yrs
Fixed Home (80% of appraised value) 4.50% $150,000 10 yrs
Fixed Home (80% of appraised value) 5.00% $150,000 15 yrs
HELOC (80% of appraised value) Prime + 0% $150,000 10 yr draw/10 yr payback