Real Estate Loans

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HOME EQUITY LINE OF CREDIT (HELOC)

Loan Rates as of September 18, 2024
ProgramLine of Credit LimitAPR 1
Up to 80% LTV - Primary Residence Only$10,000 - $500,000As low as Prime + .50%Currently at 9.00% 1
Up to 90% LTV - Primary Residence Only$10,000 - $250,000As low as Prime + 1.50%Currently at 10.00% 1
Up to 70% HCLTV - Secondary Residence Only$10,000 - $500,000As low as Prime + 2.50%Currently at 11.00% 1
Interest Only Payment Up to 80% LTV$10,000 - $250,000Fixed Rate Promo as low as 5.99% 2Currently at 9.25% 1
Interest Only Payment Up to 90% LTV$10,000 - $250,000Fixed Rate Promo as low as 6.99% 2Currently at 10.25% 1

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. 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. HELOC is available for properties in California, Florida, Illinois, Indiana, Iowa, Georgia, Minnesota, Nevada, Tennessee, Washington, Wisconsin Only and closing costs vary by state ranging from $650 - $1,900.


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The 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. HELOC is available for properties in IL, IN, NV, FL, GA, CA, IA, MN, TN, WA, and WI only and closing costs vary by state ranging from $650 - $1,900.

2

5.99% 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.

HOME EQUITY LOAN

Loan Rates as of September 18, 2024
ProgramLine of Credit LimitTermAPR 1
Up to 80% LTV – 2nd Lien Owner Occupied$10,000 - $500,0005, 10, 15, 20 yearsAs low as 6.5%
Up to 90% LTV – 2nd Lien Owner Occupied$10,000 - $250,0005, 10, 15, 20 yearsAs low as 6.75%
Up to 70% LTV – 2nd Lien 2nd Home$10,000 - $249,9995, 10, 15, 20 yearsAs low as 8.5%
Up to 80% LTV – 2nd Lien 2nd Home$10,000 - $500,0005, 10, 15, 20 yearsAs low as 8.75%

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. 2For 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. Available in California, Florida, Illinois, Indiana, Iowa, Georgia, Minnesota, Nevada, Tennessee, Washington, Wisconsin Only.  Best Credit Financing Examples: A Home Equity Loan of $20,000 at 9.125% APR for a 60-month term would result in a monthly payment of approximately $416.38. A Home Equity Loan of $20,000 at 9.250% APR for an 84-month term would result in a monthly payment of approximately $324.32. A Home Equity Loan of $20,000 at 9.375% APR for a 120-month term would result in a monthly payment of approximately $257.43. 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.


1

APR=Annual Percentage Rate. Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval.

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