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.
Existing or New Equity Line members receive 2.99% APR* for 12 months.
Apply today or just write a check.
For more information, call Member Support at (603) 332-6840.
- 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
|Terms||APR*||Minimum Finance Amount||Monthly Payment/$1,000|
|SPECIAL - Fixed Rate for 12 months||10 year draw, 25 yr. amortization||2.99%*||$20,000||$4.74||Apply Now|
*APR equals Annual Percentage Rate. Rates are based on an evaluation of credit history and CLTV (combined loan to value) ratio, so your rate may differ. All rates and conditions are subject to change without notice. Rates above reflect a 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 12 months, then adjusted monthly. APR using current index and margin would be 5.00% or higher. Adjustments are based on Prime Rate as published in the Wall Street Journal plus a margin as low as 0% (based on credit rating). Prime Rate as of 3/16/2020 is 3.25%. The maximum annual percentage rate that may be imposed is 18.00%. 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 pay could 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.
Special fixed APR of 2.99% applies to new and existing HRCU Home Equity Lines of Credit, for a period of twelve (12) months and applied to advances that are equal to or greater than $2,500, between May 1, 2020 to June 30, 2020. Advances less than $2,499 will not be eligible for promotional rate and will be charged original APR as disclosed within your Note. Promotional period ends on July 1, 2021. Unpaid balances remaining after promotional period ends will be charged interest rate as originally disclosed at time of closing within your Note. All of the terms and conditions of the Note shall be and remain in full force and effect.