Home Equity Loan Rates

We offer fixed rate home equity loans and variable rate home equity lines of credit. Whether you're looking to remodel, consolidate bills, add on a room, redecorate, install a pool, new heating/cooling, or need extra cash for college tuition, a vehicle purchase, medical expenses or vacation, your home's available equity could save you a lot of money in the long run. We can help you refinance your existing mortgage and save money. Ask one of our loan associates to help you determine the best term for your individual situation.

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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.

Saturday, October 31, 2020

Home Equity Freedom Line of Credit

Annual Percentage RateDaily Periodic Rate
3.25 %0.00890
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

TermAPR
12 Months3.49 %ESTIMATE PAYMENT
24 Months3.49 %ESTIMATE PAYMENT
36 Months3.49 %ESTIMATE PAYMENT
48 Months3.49 %ESTIMATE PAYMENT
60 Months3.49 %ESTIMATE PAYMENT
84 Months3.74 %ESTIMATE PAYMENT
120 Months3.74 %ESTIMATE PAYMENT
180 Months4.49 %ESTIMATE PAYMENT

Home Equity Loan Up to 80% Equity

TermAPR
12 Months3.49 %ESTIMATE PAYMENT
24 Months3.49 %ESTIMATE PAYMENT
36 Months3.49 %ESTIMATE PAYMENT
48 Months3.49 %ESTIMATE PAYMENT
60 Months3.49 %ESTIMATE PAYMENT
84 Months3.74 %ESTIMATE PAYMENT
120 Months3.74 %ESTIMATE PAYMENT
180 Months4.49 %ESTIMATE PAYMENT
240 Months7.49 %ESTIMATE 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.
  • Rates for the Home Equity Loan reflect a .20% reduction for Payroll Deduction / Direct Deposit / Auto Transfer.
  • 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.

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