Home Equity Rates
All rates are expressed as ANNUAL PERCENTAGE RATES. Rates are subject to change without notice. Loan rates as low as those listed below are effective.
Monday, November 25, 2024
Home Equity Freedom Line of Credit | |||
| Annual Percentage Rate | Daily Periodic Rate | ||
| 8.00% | 0.02192 | ||
| You may estimate your payment by multiplying your loan balance by the APR% and dividing by 12. For example for a $10,000 loan balance with a APR of 4.00%, you would estimate payment as follows: 10,000 X 4.00% = 400 400 ÷ 12 = 33.33. Your estimated payment would be $33.33. The Home Equity Freedom Line of Credit permits borrowing up to 100% of the available equity in a primary residence within policy guidelines and excludes rental properties. During the ten (10) year draw the member will have the flexibility to make the minimum interest only payment each month or add any principal amount they desire. All Home Equity Freedom Lines of Credit will have a due date of the 20th of the month. The variable rate is adjusted monthly. The rate is the highest Prime Rate published in the Wall Street Journal as of the last business day of the previous month plus a margin. The floor rate is 3.00%. The maximum rate is 18%. Your rate may vary from what is listed and will be determined by your individual credit score and loan to value. APR listed is based on 80% Loan to Value and "A+" credit. | |||
Home Equity Freedom Fixed Term Lock In | |||
| Term | APR | ||
| 12 Months | 5.74% | ESTIMATE PAYMENT | |
| 24 Months | 5.74% | ESTIMATE PAYMENT | |
| 36 Months | 5.74% | ESTIMATE PAYMENT | |
| 48 Months | 5.74% | ESTIMATE PAYMENT | |
| 60 Months | 5.74% | ESTIMATE PAYMENT | |
| 84 Months | 5.99% | ESTIMATE PAYMENT | |
| 120 Months | 5.99% | ESTIMATE PAYMENT | |
| 180 Months | 6.74% | ESTIMATE PAYMENT | |
Home Equity Loan Up to 80% Equity | |||
| Term | APR | ||
| 12 Months | 5.74% | ESTIMATE PAYMENT | |
| 24 Months | 5.74% | ESTIMATE PAYMENT | |
| 36 Months | 5.74% | ESTIMATE PAYMENT | |
| 48 Months | 5.74% | ESTIMATE PAYMENT | |
| 60 Months | 5.74% | ESTIMATE PAYMENT | |
| 84 Months | 5.99% | ESTIMATE PAYMENT | |
| 120 Months | 5.99% | ESTIMATE PAYMENT | |
| 180 Months | 6.74% | ESTIMATE PAYMENT | |
| 240 Months | 9.74% | ESTIMATE PAYMENT | |
Estimate Payment Calculator
Enter the loan amount, interest rate, and the number of years for the term of the loan.
Click the Calculate button to determine your payment.
- Home Equity Loan rates are for primary residences only (consult your loan officer for rental property rates). Your rate may vary from what is listed and will be determined by your individual credit profile and Loan to Value.
- Home Equity and Home Equity Freedom Lines of Credit loans are available in Pennsylvania and Maryland ONLY.
- Third Party Fees associated with the Home Equity Freedom Line of Credit: You may have to pay certain fees to third parties. These fees generally total between $0. and $1,000. for PA and $0. - $3,700. for MD. If you ask, we will give you an itemization of the fees you will have to pay to third parties. The Credit Union pays all third-party closing costs on your behalf in connection with granting your loan. If your loan is paid in full and closed within 36 months, you will be required to reimburse us all third-party fees paid on your behalf upon closing or refinancing your Home Equity Freedom Line of Credit.
- Property Insurance: You must carry Property Insurance sufficient to cover the total of your Home Equity Loan or Home Equity Freedom Line of Credit and any other existing mortgage balances for the full term of your loan.
We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act.