Home Equity and
HELOC Loans
Loans to make a house your home.
Do you want to use the equity you have built in your primary residence?
With our Fixed Home Equity Loans or our Home Equity Lines of Credit (HELOC)1, you can do just that. You can borrow 80% of your home’s value at a low rate or borrow up to 100% of the value at a slightly higher rate. Our home equity loans have fixed interest rates, fixed monthly payments and flexible repayment terms.
An Educators Credit Union Home Equity Loan can help you:
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Improve your home
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Make a big purchase
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Consolidate debt
Home Equity Loans vs HELOCs
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Rates
|
Loan to Value |
APR1 as low as |
Payment per $1,000 |
|---|---|---|
|
Normal closing cost approximately $199 (for title search and recording) unless appraisal is needed. For approval, an appraisal or tax statement value is needed. Appraisal may be required. |
||
|
Loan to Value 80% or less |
APR1 as low as 6.20% |
Payment per $1,000 $19.43 |
|
Loan to Value 81%-90% |
APR1 as low as 8.15% |
Payment per $1,000 $20.36 |
|
Loan to Value 91%-100% |
APR1 as low as 9.65% |
Payment per $1,000 $21.09 |
|
Loan to Value |
APR15 |
|---|---|
|
5APR is a variable rate. Max APR is 17.9%. |
|
|
Loan to Value <80% LTV2 |
APR15 6.99% |
|
Loan to Value 81%-90% LTV2 |
APR15 8.49% |
|
Loan to Value 91%-100% LTV2 |
APR15 9.49% |
Ready to achieve some of your goals?
Disclosures
1APR is a variable rate. Max APR is 17.9%. Rate adjusted quarterly to -0.51% to +1.99% over Prime Rate. Maximum loan 100% of appraisal value, total 1st and 2nd mortgages. Closing cost, appraisal cost, and other fees may apply.