Home Equity Line of Credit
HELOCs are a great way to tap into your equity on your terms. With this adjustable-rate option, you make principal and interest payments on the amount of principal balance you have drawn against versus the entire useable amount. You can use equity, pay down the outstanding balance, and reuse the equity as often as you would like within the draw period. HELOCs gives you the most control over your finances. Interest rate varies with overall market conditions.
Better Home Equity Lines of Credit!
6.99% APR* for 12 Months
No Closing Costs
Quick Decisions & Turnaround
For more information, call Member Support at (603) 332-6840 or Book An Appointment.
- 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|
|Fixed Rate for 12 months||10 year draw, 25 yr. amortization||6.99%||$20,000||$7.06||Apply Now|
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 70% loan to value. HELOC (Home Equity Line of Credit) loans greater than 70% 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 5.50% or higher. After fixed rate introductory period, 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 3/23/2023 is 8.00%. 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 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 thirty-six (36) months of origination date will require reimbursement of all closing costs paid by HRCU. For loan amounts up to $500,000, 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. HRCU must be in first or second lien position; and home is not listed for sale. Minimum loan amount of $20,000, with $250 minimum advances; maximum loan amount of $500,000. Homeowner insurance required; Flood insurance may be required. Loan must be new to HRCU, existing loans are not eligible for this promotion. Limited Time Offer.