Fixed Rate Home Equity LOC
The right choice if you have a one-time need for funds and want the security of a fixed rate.
Community Resource Home Equity loan options include fixed and variable rates with flexible terms.
In some cases, you can borrow up to 85% of the available equity in your home for home improvements, debt consolidation, education, or other major purchases.
Apply now or call to speak to a Financial Services Representative.
The right choice
Home Equity Loan/Line Rates
|Line of Credit Type||Repayment Term||APR* as low as||Max Amount||Details|
|Interest Only HELOC||Interest Only payments first 5 years / 5 Year Draw Period / 25 Year Repayment||4.75%||Maximum Amt: $250,000 in 1st lien position / $100,000 in 2nd lien position||Maximum CLTV = 85%|
|HE Fixed Installment||Terms up to 20 years||3.99%||Maximum Amt: $250,000 in 1st and 2nd lien position||Maximum CLTV = 85%|
|3 Year Adjustable||10 year draw / 15 year repayment||4.50%||Maximum HELOC: $250,000 in 1st lien position / $100,000 in 2nd lien position||Maximum CLTV = 85%|
|Fixed Rate HELOC||3 year draw/ up to 20 year repayment||4.24%||Maximum HELOC: $250,000 in 1st lien position / $100,000 in 2nd lien position||Maximum CLTV = 85%|
*APR = Annual Percentage Rate. All rates quoted are the lowest available rates, the actual interest rate will be based on overall creditworthiness. Variable rates may increase over time. All rates and terms are accurate as of today and are subject to change without notice. All Rates shown are as low as. For current rates call (518) 783-2211. Please refer to your Terms and Disclosures or contact any Community Resource employee for more detailed information
** Rate includes Membership Pays discount. Membership Pay =.25% rate discount with Automatic Payment from a Community Resource FCU Checking Account.
+ = Rate does not qualify for additional rate discount.
All of our home equities offer:
- No annual fees
- Low closing costs
- Fixed loans up to $350,000 (first lien position) / $200,000 (second lien position)
- Line of credit loans up to $250,000 (first lien position) / $100,000 (second lien position)
- Flexible terms and fast approvals
- Maximum CLTV is 85%
- Minimum Loan/Line of Credit amount is $10,000
- Various payment frequencies and methods available
For further information, call (518) 783-2211 or email [email protected]