Home Equity Line of Credit (HELOC) disclosures, rates and fees

Home Equity Line of Credit (HELOC) rates
Effective Date: Wednesday, September 19th, 2018
Loan typeAPR (Low)*APR (High)Term
Home Equity Line of Credit (HELOC) 5.00% 6.00% Draw period of up to 10 years. After draw, repayment term of up to 15 years.

* APR (Low) is the lowest Annual Percentage Rate available. Rates may change without notice. Current HELOC rates range from 5.00% APR to 6.00% APR. Your rate may be higher than the lowest advertised APR and will be based on your loan-to-value (LTV). The 5.00% APR is based on an 80% LTV. The APR will vary based on changes to the Wall Street Journal Prime Rate. The current Wall Street Journal Prime Rate is 5.00% APR. The minimum rate is 5.00% APR and the maximum rate is 18% APR.

Home Equity Line of Credit (HELOC) fees
Effective Date: Wednesday, September 19th, 2018
Fee typeEssentialEnhanced Premier
HELOC annual fee $75 $50 $25
The HELOC annual fee is waived the first year. After that, the annual fee depends on your Member Merits category as shown in the table above.

Closing costs

  • Closing costs to open a HELOC vary between $0 – $2,000.
  • There are no closing costs for HELOC requests up to $100,000, except for any required appraisal. Borrower(s) must pay for appraisal, collected upfront if required.
  • For HELOC requests in excess of $100,000, we offer a $500 credit towards closing costs. Flood and/or property hazard insurance is required.

Consult your tax advisor regarding the deductibility of interest. Other restrictions may apply. Organization NMLS #472475

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