Home Equity Loans

Let your home buy your new car or pay for a vacation. Take advantage of the equity in your home with a Home Equity or Home Equity Line of Credit loan today. With low rates, no fees*, no closing costs and potential tax deductions, you can't go wrong. The only problem will be deciding which loan is right for you.

Home Equity Home Equity Line of Credit Fees None* None* Interest Fixed Variable Term Fixed Open (up to 240 months)** Limits Up to 80% of home's appraised value minus the current mortgage. Up to 50% of home's appraised value minus the current mortgage. Additional draws allowed No Yes Tax Deductible Yes (consult a tax advisor) Yes (consult a tax advisor) Use of funds Miscellaneous Miscellaneous Draws Lump sum - one time advance Minimum $4,000.00 per draw Time Frame 13 Business days to close 13 Business days to close Prepayment Penalty None None Right to cancel 3 Business days 3 Business days

* Fee only applies if member requests appraisal **Term of credit line depends on amount borrowed