Your Credit Union offers you a full range of Home Equity Loans:
Home Equity Line of Credit (HELOC)
Use the equity in your home to quickly and affordably access low rate funds to meet your needs to make home improvements, consolidate, college tuition or any other life event.
- Credit Limits up to $100,000
- Repayment terms up to 15 years
- 10 Year draw period
- 80% Loan to Value Maximum
- There is a one-time origination fee of $550
- Easy access to funds through online banking, 24/7 phone teller or at any branch
- Interest may be tax deductible
APR = Annual Percentage Rate. This is a variable rate loan secured by real estate. The rate is calculated using an index plus a margin. The index used is the Prime Rate published in the Wall Street Journal on 15 days before the adjustment. The rate adjusts in January and July and can adjust no more than 2% each time. The floor rate is 5.50% APR*. All loan commitments will be on approval of credit and based on the creditworthiness & abilities of the individual borrower. We are an equal housing lender. NMLS ID 902112
Owner Advantage + Loans (OAL+)
For members who have equity in their home and are looking for a fixed rate option, we offer the OAL PLUS.
- Loans up to $50,000 for a term of up to 96 months.
- You may apply for up to 85% of the equity
- Fixed rate
- There is a one-time origination fee of $350 for an OAL+.
- Interest may be tax deductible **
Owner Advantage Loan (OAL)
We designed this product for members who have little or no equity, looking for a fixed rate. Perfect loan product for new homeowners, wanting to do some home improvements, consolidate their bills or any life event where extra funds are needed.
- Loans up to $25,000
- Term up to 60 months
- Low Fixed Rate
- Interest may be tax deductible**
- Consolidate bills, home improvements, weddings or any life event
**Consult your tax advisor.
Contact a Lending Officer for more information