*APR = Annual Percentage Rate

**Home Equity loans are also available in 5, 10 and 15 year terms. Contact your Credit Union for more information.

***Home Equity Line of Credit:  The 7.50% APR is available with qualifying credit and a loan to value (LTV) of 80% or less. Higher rates apply to higher loan to values. The APR will vary based on an index.  The index is the Prime Rate as published the last business day of the quarter prior to the date of the interest adjustment in the Money Rates column of the Wall Street Journal.  As of August 1, 2023, the variable APR for lines of credit is 8.50% - 9.50%.  The rate is subject to change, but will not go below 4.25% APR and it will not  exceed 11.75% APR. Closing costs typically range from $0 to $750.  Consult your tax advisor regarding deductibility of interest.  Property insurance is required.

†Home Equity Line of Credit (HELOC) introductory rates as listed above are not based on the index and margin used to make later variable rate adjustments. The introductory rate is available for new HELOCs only opened March 24th through June 15th, 2025, subject to credit approval. You will receive the introductory rate for the 6-month promotional period starting from the original loan date. For borrowers with 80% loan to value or less, the introductory rate will be 1.99% For borrowers with 80.001% to 90% loan to value, the rate will be 3.99%. After the initial 6 months, the rate becomes variable and is subject to change quarterly following the initial rate adjustment at the end of the promotional period. The rate cannot increase or decrease by more than 2.00% per calendar year. The HELOC rate is determined by a margin in relation to the index set by the Wall Street Journal Prime Rate. As of December 19th, 2024, the index was 7.50%. When added to the margin of 0.00%, it makes the current HELOC rate 7.50% APR for a Loan to Value (LTV) up to 80%, with a minimum APR of 4.25% and a maximum APR of 11.25%. The margin for a LTV of 80.001% to 90% is 1.00% resulting in a current rate of 8.50% APR, with a minimum APR of 5.25% and a maximum APR of 11.25%. There may be costs to obtain your loan. Settlement costs can vary and are generally between $100-$1,000. †The credit union will pay closing costs excluding any appraisal fees. If your loan is paid in full and closed within 36 months, the credit union will collect the settlement costs from your loan with the final payment. APR = Annual Percentage Rate.