Home Equity Loans

Home Equity Lines of Credit are variable-rate lines. Rates are as low as 6.500% APR and are based on an evaluation of credit history, CLTV (combined loan-to-value) ratio, line amount and occupancy, so your rate may differ. The plan has a maximum APR of 18%. For loan amounts of up to $250,000, closing costs that members must pay typically range between $300 and $2,000. The closing costs depend on the location of the property, property type, and the amount of the Equity Line. Members may borrow against their available credit line for a period of 20 years, after which any existing balance must be paid in full within the following 20 years. Rates are subject to change—information provided does not constitute a loan commitment.

Home Equity Lines of Credit are available for primary residences, second homes and investment properties. Primary residences are owner-occupied, principal residences only. Second home properties must be owner-occupied at some point during the year. Investment properties are non-owner occupied.

All lines for amounts less than $25,000 require a 1.00% increase in APR.

Second home lines require a 1.00% increase in APR and may be subject to other restrictions.

Investment lines require a 2.00% increase in APR with a maximum line amount of $100,000 and a maximum CLTV of 70%.

You must carry homeowners insurance on the property that secures this plan.

Home Equity Lines of Credit are not available in Texas.

Lifetime Floor: The minimum APR that can apply during the Home Equity Line of Credit Plan is 3.99%. Our Home Equity Line APR varies based on the U.S Prime Rate and is updated to the published rate in the Wall Street Journal on the first workday of every month.

Rates are as low as 6.640% APR and are based on an evaluation of credit history, CLTV (combined loan-to-value) ratio, loan amount and occupancy, so your rate may differ. For loan amounts of up to $250,000, closing costs that members must pay typically range between $300 and $2,000. The closing costs depend on the location of the property, property type, and the amount of the Equity loan. Rates are subject to change—information provided does not constitute a loan commitment.

A sample Fixed-Rate Equity Loan monthly payment based on $100,000 at 7.650% APR for 20 years is $814.79. Taxes and insurance not included; therefore, the actual payment obligation will be greater.

Fixed-Rate Equity Loans are available for primary residences and second homes. Primary residences are owner-occupied, principal residences only. Second home properties must be owner-occupied at some point during the year.

All loans for amounts less than $25,000 require a 1.00% increase in APR.

Second home loans require a 1.00% increase in APR and may be subject to other restrictions.

You must carry homeowners insurance on the property that secures this plan.

Some restrictions may apply. The maximum CLTV for primary and second home properties is 100%. Factors that may impact the amount of equity that can be borrowed include evaluation of credit history, CLTV ratio, occupancy, loan amount, and loan term (5, 10, 15, 20 years).

Some restrictions may apply. The maximum CLTV for primary and second properties is 95% and for investment properties is 70%. Factors that may impact the amount of equity that can be borrowed include evaluation of credit history, CLTV ratio, occupancy, and loan amount.

Home Equity Interest-Only Lines of Credit are variable-rate lines. Rates are as low as 7.500% APR and are based on an evaluation of credit history, CLTV (combined loan-to-value) ratio, line amount and occupancy, so your rate may differ. The plan has a maximum APR of 18%. Line amounts are up to $250,000 and the closing costs that members must pay typically range between $300 and $2,000. The closing costs depend on the location of the property, property type, and the amount of the Equity Line. Members may borrow against their available credit line for a period of 20 years, after which any existing balance must be paid in full within the following 20 years.  Payments are interest only for 20 years and then change to principal and interest for the remaining 20 years.  Rates are subject to change—information provided does not constitute a loan commitment.

Home Equity Interest-Only Lines of Credit are available for primary residences and second homes. Primary residences are owner-occupied, principal residences only. Second home properties must be owner-occupied at some point during the year.

All lines for amounts less than $25,000 require a 1.00% increase in APR.

Second home lines require a 1.00% increase in APR and may be subject to other restrictions.

You must carry homeowners insurance on the property that secures this plan. 

Home Equity Lines of Credit are not available in Texas.

Lifetime Floor: The minimum APR that can apply during the Home Equity Line of Credit Plan is 3.99%. Our Home Equity Line APR varies based on the U.S prime rate and is updated to the published rate in the Wall Street Journal on the first workday of every month.