Turn Your Home's Value Into Opportunity······
Whether it’s home improvements, a memorable life event, or a rainy day fund—your home’s equity can
help you get there. Tap into affordable financing and start planning what’s next.
help you get there. Tap into affordable financing and start planning what’s next.
Transform your home
Up to
$750,000
Up to 70% CLTV
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For Renovations
Add value to your home and make it your perfect oasis.
For Dreams
Have funds readily available for life's memorable moments.
For Wellness
Pay off high-interest debts and simplify your finances.
Enjoy terms up to 240 months1
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Frequently Asked Questions
What is Prime Rate and Margin when it pertains to my Member Rate?
A HEL (Home Equity Loan) prime rate is the interest rate that serves as a benchmark for setting HELOC interest rates. The prime rate is often tied to the federal funds rate set by the Federal Reserve, meaning it can fluctuate based on economic conditions and Federal Reserve policy changes.For a HELOC, the interest rate is typically expressed as the prime rate plus a margin. For example, if the prime rate is 8.75% and the margin is 0.25%, the HELOC rate would be 9.00%. This margin can vary based on the borrower's creditworthiness and the lending institution's policies.
Who is eligible for a Home Equity Loan
Homeowners with equity in their homes. Take your home's value, and then subtract all amounts that are owed on that property. The difference is the amount of equity you have. For example, if you have a property worth $400,000, and the total mortgage balances owed on the property are $200,000, then you have a total of $200,000 in equity.2Are there fees I can expect with this process?
Estimated costs related to the process: If required, Full Appraisal Fee ($140.00-$950.00), Current Owner Search Report ($84.00), Origination Fee ($60.00), Flood Ceritication Fee ($11.00), Estimated Recording Fees ($150.00), Mobile Notary Fee ($165.00). Enjoy no application fee, annual service fee, or pre-payment fee!Disclosures
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Property must be owner-occupied.
Payments can be made in branch, by phone, by mail, via online banking or direct deposit.
Rate based on FICO/credit score.
15-day grace period on payments.
The terms of repayment, which reflect the repayment obligations over the full term of the loan, including any balloon payment (i.e. $25,000 borrowed would be 60 monthly payments of $463.24).
The payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater. Late payment charge: 5% of payment amount.
No application fee.
No pre-payment penalty.
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This is a general example. Consult with a financial advisor regarding your personal situation.