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Routing Number: 272483633

Home Equity Loans

Write a Review Pay low to no closing costs, no annual fee, and no pre-payment penalty.1

Home Equity Line of Credit or Fixed Loan?

We’ll guide you through your options and help give you quick access to financing.

Home Equity Line of Credit

Interest-only payments for 10 years; amortized repayment thereafter
Promo rate for 12 months2
$0 annual fee
$0 pre-payment penalty
Low to no closing costs1
Accessible for a
10-year draw period
Manage in Digital Banking
Interest may be tax deductible3
Learn More HELOC Rates Apply Now

Home Equity Loan

5, 10, or 15-year
repayment terms
Low fixed rate
$0 annual fee

$0 pre-payment penalty

Single
one-time draw
Learn More Home Equity Rates Apply Now

Home Equity Line of Credit rates.

Rates effective as of November 24, 2020.

Combined loan-to-value 70% & below.
Promo APR
for 12 months2 1.99%
Current APR as low as 2.75%
Combined loan-to-value 71% - 80%.
Promo APR
for 12 months2 2.49%
Current APR as low as 3.25%
Combined loan-to-value 81% - 90%.
Promo APR
for 12 months2 3.49%
Current APR as low as 4.25%

We'll help you make this process quick and easy.

Collect the below documents and apply online.
Check List of items needed

Required documents for all applications:

  • Two most recent paystubs for each borrower and must include YTD income totals
  • Two most recent W2s for each borrower (tax returns may not be used in place of W2s)
  • Most recent award letter, most recent 1099, or most recent two months’ direct deposit statements
  • Most recent 1099, or most recent two months’ direct deposit statements
  • Most recent account statement showing the distribution amount along with the account balance
  • Most recent two years’ complete federal tax returns

Optional documents:

  • Award letter or two months' direct deposit statements
  • Divorce decree/support order

Home Equity FAQs

Frequently Asked Questions about Home Equity.
How is monthly payment estimated when the HELOC payment is interest only for the first 10 years of the loan?

This information is located on the member's monthly statement. ​C​alculat​e the Average Daily Balance (ADB), then calculate the interest due: Average Daily Balance x APR x # of Days in Billing Cycle ÷ 365 = Interest Due. Example: 5,000.00 x 0.0325 x 30 ÷ 365 = $13.36.

How do payments on a new HELOC work?

During the Open/Draw period, the billed monthly payment is only​​ for the amount of Interest Due. As the Outstanding Principal Balance rises, the amount of interest owed rises, thus the monthly payment goes up. Only if a member pays more than the billed Interest Due amount, will funds go toward reducing the Outstanding Principal Balance. The lower the Outstanding Principal Balance, the lower the billed Interest Due payment. It also means that HELOC funds continue to be available for additional advances up to the available credit limit. During the Closed/Repayment Period (beginning​ 10 Years after closing), the HELOC shifts from being an Interest Only payment to a Fully Amortized payment. This means the billed monthly payment will be both Interest and Principal, calculated so the HELOC will pay off on the maturity date. No additional advances will be available —it is in payback mode only (for the 2nd half of the 20 year term

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