Skip to main content
Online Banking

Student Loans

HRCU has partnered with Sallie Mae for to offer our members student loans!

Features
  • Competitive interest rates

  • No origination fee or prepayment penalty

  • Multiple repayment options

Rates

Home Equity Lines of Credit

For the latest information and rates on Sallie Mae student loans, please visit this page. 

 

Fixed Rate Home Equity Loan

Tap into your home's value and borrow funds at a low fixed rate. Once approved, you'll receive a lump sum of money that can be used for home improvement projects or other big ticket expenses.

Features
  • Loan amounts from $10,000
  • Borrow up to 100% of the value of your home less any mortgage balances
  • Rate remains constant for loan term
  • 5, 10 and 15 year terms available
  • Credit life and disability insurance is available to eligible borrowers
Rates

Home Equity Loan Rates

Home Equity Loan Rates

TermsAPR*Minimum Finance AmountMonthly Payment/$1,000
Home Equity-Fixed (not a line of credit)15 Years3.99%$10,000$18.45
10 Years4.49%$10,000$10.38
15 Years4.99%$10,000$7.92

*Annual Percentage Rate (APR).  Loan subject to underwriting qualifications.  All programs, rates and conditions are subject to change without notice.  Rates above reflect an 80% loan to value ratio. Loan APR based on an evaluation of credit worthiness and ability to repay, so your rate may differ. Fixed HE (Fixed Home Equity) values greater than 80% loan to value have certain restrictions, please contact a loan officer for further details.  HRCU will pay the following closing costs on most new Equity Loan applications (Fixed Rate and Lines of Credit): settlement fees, flood determination fee, title search fee, credit report fee, and recording fees. Offer excludes the following fees: appraisal fee, lenders title insurance and any additional fees associated with properties held in a trust. Loans paid off and closed within three (3) years of origination date will require reimbursement of all closing costs paid by HRCU. For loan amounts up to $200,000, closing costs that members could pay range between $150 and $1,200.

Closing costs depend on property location, property type, and amount of the Equity Loan.  Only available for primary residence.  HRCU must be in first or second lien position; and home is not listed for sale.  Maximum loan amount of $200,000.  Homeowner insurance required; Flood insurance may be required.

2 Example: A $20,000 loan at 5.49% APR. 180 monthly payments of $163.36. Total finance charge of $9,402.77 bringing the total payment to $29,402.77.

Home Equity Line of Credit

Borrow funds from your line of credit to pay for a variety of life expenses on an as-needed basis. As you repay whatever you have borrowed, those funds will become available again for the duration of the loan's term.

Features
  • Loan amounts from $20,000
  • Borrow up to 100% of the value of your home less any mortgage balances
  • Rates based on Prime
  • Credit life and disability insurance is available to eligible members
Rates

Home Equity Lines of Credit

TermsAPR**Minimum Finance AmountMonthly Payment/$1,000
SPECIAL - Fixed Rate for 36 Months10 year draw, 25 yr. amortization2.99%**$20,000$9.67

** Annual Percentage Rate (APR). Rates are based on an evaluation of credit history and CLTV (combined loan to value) ratio, so your rate may differ. Loan subject to underwriting qualifications.  Rates, terms and conditions are subject to change without notice. Rates above reflect an 80% loan to value. HELOC (Home Equity Line of Credit) loans greater than 80% loan to value have certain restrictions, please contact a loan officer for further details. Special fixed APR for first 36 months, then adjusted monthly. APR using current index and margin would be 5.50% or higher.  After 36-month fixed rate, rate is variable, based on the Wall Street Journal Prime Rate plus a margin as low as 0% (based on credit rating) and subject to change at any time. Prime Rate as of 12/20/18 is 5.50%. Floor rate is equal to prime plus margin (based on credit history) at time of closing after promotional period; with a maximum annual percentage rate of 13.00%.  HRCU will pay the following closing costs on most new Equity Loan applications (Fixed Rate and Lines of Credit): settlement fees, flood determination fee, title search fee, credit report fee, and recording fees. Offer excludes the following fees: appraisal fee, lenders title insurance and any additional fees associated with properties held in a trust. Loans paid off and closed within three (3) years of origination date will require reimbursement of all closing costs paid by HRCU. For loan amounts up to $200,000, closing costs that members could pay range between $150 and $1,200.

Closing costs depend on property location, property type, and amount of the Equity Loan.  Only available for primary residence.  HRCU must be in first or second lien position; and home is not listed for sale.  $250 minimum advances; maximum loan amount of $200,000.  Homeowner insurance required; Flood insurance may be required.