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

Home Equity Line of Credit (HELOC) rates
Effective Date: Tuesday, July 23rd, 2019
Loan typeAPR (Low)*APR (High)Term
Home Equity Line of Credit (HELOC) 5.25% 6.25% 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 5.25% APR to 6.25% APR. Your rate may be higher than the lowest advertised APR and will be based on your loan-to-value (LTV). The 5.25% 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 5.25% APR. The minimum rate is 5.25% APR and the maximum rate is 18% APR.

Home Equity Line of Credit (HELOC) fees
Effective Date: Tuesday, July 23rd, 2019
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-$2000.

  • If appraisal is required, borrower(s) must pay for appraisal up front.

  • Receive up to $500 credit for closing costs on HELOC, amount of credit not to exceed total closing costs. Repayment of credit required if the HELOC is closed by the borrower within three years from the date of the Deed of Trust or Modification of the Trust Deed.

  • 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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