Home Equity Loans
Home is where the value is.
Turn to a fixed-rate home equity loan, or take advantage of our Home Equity Line of Credit, when you need money for a specific project. Perfect for adding your dream kitchen, adding that patio or deck, or paying off debt.
Home Equity Loans
Turn to a fixed-rate home equity loan when you need a set amount of money for a specific project. Home Equity Loans are perfect for adding your dream kitchen, adding that patio or deck, or paying off debt.
- Interest rate is fixed for the life of the loan.
- You’ll pay a fixed payment every month, which includes principal and interest.
- Allows possible tax benefits.**
- Market-leading rates and online application.
First Lien Home Equity LoansLoan Disclosure
|Term||Rates as low as|
|10 years||3.62% APR||Apply|
|15 years||3.87% APR||Apply|
|20 years||4.37% APR||Apply|
Home Equity Line of Credit
A home equity line of credit*** gives you the power to access funds whenever you need money. Need to pay for your child’s tuition bill for the semester? Just tap into your line of credit. Need to pay for the costs of an ongoing home improvement project? Whenever those expenses hit, simply transfer funds from your line of credit to your Diamond accounts, or stop by a branch for assistance. Some features of a Home Equity Line of Credit:
- Borrow only as needed. Pay interest on the outstanding balance only.
- Flexible repayment options.
- Tax benefits.**
Home Equity Line of CreditLoan Disclosure
|Prime minus 0.25% APR (4.00% Floor)|
|Currently priced at 5.00% APR|
APR = Annual Percentage Rate
*Home Equity Loan: An APR of 5.50% would require a monthly payment of $6.88 per $1,000 borrowed. Payment example does not include amounts for taxes and insurance premiums; the actual payment obligation will be greater. The rate may vary depending on each individual’s credit history and underwriting factors. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice.
**Consult your tax advisor regarding the deductibility of mortgage interest and charges.
***Home Equity Line of Credit: The Annual Percentage Rate is based on the value of an index and may vary according to overall credit history, total account relationship and payment method. The index is the highest Prime Rate published in The Wall Street Journal on the last business day of the month. To determine your Annual Percentage Rate applied to your line, we will add a margin to the value of the index. The maximum Annual Percentage Rate that can be charged is 18%. The line has a variable rate feature and the Annual Percentage Rate and the minimum monthly payment can change as a result. The rate can be adjusted monthly. You could pay certain fees to third parties to open a line. These fees generally total between $500 and $700. If you have an outstanding balance of $10,000, minimum monthly payment would be $100.00 at 1%. Minimum monthly payment amount is $75. Other terms and conditions apply based on the type of loan you establish. Conditions and restrictions may apply.