Disclosures
APR= Annual Percentage Rate. Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans are subject to approval. Available in California, Florida, Illinois, Indiana, Iowa, Georgia, Minnesota, Nevada, Tennessee, Washington, Wisconsin Only.
Home Equity Line of Credit
HELOC has a floor rate of 3.74% APR. 1The Annual Percentage Rate may vary after the account is opened. The maximum rate that may be imposed is 18.00% APR. There is a $100 minimum monthly payment. Closing costs vary by state ranging from $650 - $1,900.
Home Equity Loan
For any Fixed Rate Home Equity Loan, the borrower is responsible for any third-party fees associated with the origination of the loan. The borrower should consult a tax adviser for further information regarding the deductibility of interest and charges. Best Credit Financing Examples: A Home Equity Loan of $20,000 at 8.25% APR for a 60-month term would result in a monthly payment of approximately $407.93. A Home Equity Loan of $20,000 at 8.50% APR for a 120-month term would result in a monthly payment of approximately $247.97. A Home Equity Loan of $20,000 at 8.75% APR for a 180-month term would result in a monthly payment of approximately $199.89. A Home Equity Loan of $20,000 at 9.00% APR for a 240-month term would result in a monthly payment of approximately $179.95. Home Equity Loan payment examples do not include taxes and insurance premiums, CU1 Home Equity Loans do not escrow for taxes and insurance. These premiums will be paid separately from the Home Equity Loan. *A 2nd mortgage lien refers to a home that already has a mortgage against the home being used as collateral. The existing mortgage would be considered the 1st lien or priority lien and any new loan would be in second lien position.
25.99% Fixed Promo Rate is capped at a maximum 80% HCLTV and is available on primary and secondary homes. 6.99% Fixed Promo Rate is capped at a maximum 90% HCLTV available on primary and secondary homes. Must be an existing Credit Union 1 member or be eligible for membership prior to loan origination. New members may be required to pay a one-time membership fee of up to $10. Property insurance is required on all HELOC loans. A statement of property insurance will be requested prior to loan origination. This promotional offer may end at any time without notice.