Home Equity Loan

Ideal for large expense, such as a major home improvement, or you want to consolidate your debt.

  • Funds disbursed all at one time
  • Fixed monthly payment amounts

Home Equity Line of Credit

Ideal for recurring expenses, such as home renovation or education-related costs.

  • Funds can be used as needed
  • Variable monthly payment amounts

Home Equity Comparison Chart
Home Equity Application Checklist

Click here for rates.

Click here to fill out our Application. You can also log into Online Banking or contact a lending representative at 800.328.1500.

NOTE: We offer up to 95% combined loan-to-value for Home Equity Loans and Home Equity Lines of Credit.

Fees: All closing costs and fees associated with a Home Equity Loan or Home Equity Line of Credit are the responsibility of the member; however, these fees can be financed with the loan.

Method used for determining the amount that you can borrow:

Value of home $100,000.00
x .80
Equity $80,000.00
Present Mortgage
Equity Loan Value $40,000.00

Payments will be amortized on the basis of one year for every $2,000.00 borrowed, not to exceed 15 years. Loan payments will remain constant until an additional advance is made.

Interest may be deductible, check with your tax advisor.