Disclosures

APR = Annual Percentage Rate. Minimum loan amount is $25,000, maximum loan amount is $500,000. HELOCs have a floor rate of 3.50% and a ceiling of 15.00%. After the introductory rate period, rates will adjust based on the Wall Street Journal Prime Rate and the loan-to-value and lien position of the HELOC. Prime Rate as of 12/19/2024 is 7.50%. Closing costs are waived on credit lines up to $250,000, additional conditions and geographic limitations may apply. Federally insured by NCUA.
Average closing costs for loans of $250,000 are $2,500. The draw period for the credit line is 10 years.
The fixed introductory rate will be in effect the 6 or 12 months after your account is opened, depending on the promotion selected, whether or not funds have been advanced from your HELOC during that time. Thereafter, the rate, including the rate on any existing balance, will convert to the applicable Variable APR. Rates start as low as the Wall Street Journal Prime Rate minus .10% (7.40% APR) for loans in first position with loan-to-value (LTV) up to 80%; actual rate based on borrower's credit profile, lien position, and collateral home's loan-to-value. For interest only Home Equity Lines, loans will consist of principal and interest after the 60th payment with a minimum payment of $100. Upon completion of the draw period, loan payments will be calculated to amortize at 180 months. Minimum loan amount is $25,000, maximum loan amount is $500,000. A Home Equity Loan or Line of Credit is secured by a first or second mortgage, which must be the borrower's primary residence and consist of residential 1-4 unit dwelling, condo or Planned Urban Development (PUD). Maximum loan to value ratio is 100%. Borrower may have to pay a closing cost recapture fee if during the first 36 months of the loan the account is closed. Property insurance required. Flood insurance may be required.