Home Equity Loan
Actual rate based on applicant’s credit qualifications, collateral, and loan term. Maximum term available is 240 months. Minimum loan amount is $25,000. Member is responsible for up to $250 closing costs for loans less than or equal to $250,000, plus the cost of the appraisal or up to $750 closing costs for loans greater than $250,000, plus the cost of appraisal. Closing costs including appraisal generally range from $300-$3,000. Member responsible for cost of appraisal regardless of completion of loan. Appraisal fee may range from $102-$1,000 depending upon location. Payment per $10,000, 80% Loan-To-Value is approximately $117.72 at 7.24% APR for 120 months, $80.78 at 7.49% APR for 240 months, and 90% Loan-To-Value is approximately $87.06 at 8.49% APR for 240 months. Rates subject to change at any time. Other restrictions may apply. Contact us for additional details.
Home Equity Line of Credit (HELOC)
The Lockable HELOC has both variable and fixed rate advance options. Minimum HELOC loan amount is $10,000. Minimum loan amount to convert HELOC to fixed is $5,000. Rate may vary based on Wall Street Journal (WSJ) Prime Rate plus disclosed margin, applicant's credit qualifications, and collateral. Rate floor is 4% and will not exceed 18%. Lockable rate is based on available 20-year Fixed Home Equity 80% Loan-To-Value rate. Payment is the greater of 1% of outstanding balance or $50. Member is responsible for all closing costs. For members advancing at least $10,000 at the time of closing, member is responsible for up to $250 closing costs for advance limits less than or equal to $250,000, plus the cost of appraisal or up to $750 closing costs for advance limits greater than $250,000, plus the cost of appraisal. Closing costs including appraisal generally range from $300-$3,000. Member responsible for cost of appraisal regardless of completion of loan. Appraisal fee may range from $102-$1,000 depending upon location. Homeowners insurance is required. CCCU $5 membership required. Rates subject to change at any time. Other restrictions may apply. Contact us for additional details.
