Home Equity Loans

How would you prefer to receive your funds?

As you need them. Think of this option as a credit card.All at once. Think of this option as a personal loan

 


 

 

If you prefer your funds to be available only when you need them, we offer you the Interest-Only Home Equity Line of Credit.

  • We don't want you to pile on debt, which is why we offer lower monthly payments. During the first 10 years, you only have to pay the interest during that time.
  • You can borrow up to 85% of the current equity you have in your home.
  • Closing costs are minimal and there's no annual fee or no prepayment penalties.


Before applying, we want to make sure you have a convenient experience. Find out everything you'll need by downloading our HELOC checklist »
 

Apply online » | Schedule a phone appointment »
For questions, you can contact 800-325-9905 or email [email protected].

 

*APR (Annual Percentage Rate) effective 4/8/2024 introductory rate applicable for first twelve months following open date. After introductory period, APR is based on the Prime Rate, or Prime Rate plus a margin bases on underwriting & Loan To Value (LTV) and may vary with Prime Rate after account opening: Floor = 2.00%APR, Cap = 15.0%APR. Loan features 10-year draw and 15-year repayment period. Current 6.99% APR reflects best rate available based on less than 90% LTV & individual creditworthiness. No credit union closing costs incurred for lines of credit up to $249,999 when automated value model is used for underwriting; loans using alternate valuation sources could incur closing costs up to $600 depending on property location, type and loan amount. Loans greater than $249,999 subject to standard lending practices with a closing cost between $0.00 - $4,000. City/county/state fees may apply. All loans subject to approval; membership eligibility required. Equity limits and underwriting requirements vary by state. Rates, terms, and conditions subject to change. NMLS#401252

 


If you prefer your funds all at once, we offer you the Choice Home Equity Loan*

  • Options to choose from: 5, 10 or 15 year terms.
  • You can borrow up to 80% of the current equity you have in your home.
  • Closing costs are minimal and there's no annual fee or no prepayment penalties.

 

When's a good time to choose a Choice Home Equity Loan over a HELOC?

Let's say you need to pay off a large medical bill that's a bit overwhelming or you want to fund back your 401k that you used as a down payment. You'll probably want a lump sum rather than a line of credit.
 

Apply online » | Schedule a phone appointment »
For questions, you can contact 800-325-9905 or email [email protected].

 

*APR = Annual Percentage Rate.  Rates, terms and conditions are subject to change and may vary based on credit worthiness, qualifications and collateral conditions. All loans are subject to approval. Payment example: The monthly payment on a $10,000 loan for 180 months at 5.941% APR would be $84.09. Property insurance will be required and flood insurance where necessary. Payments do not include taxes and insurance premiums and the actual payment obligation may be greater. Consult a tax advisor regarding tax deductibility.