Get a low-rate loan secured by the equity in your home

*APR = Annual Percentage Rate. 

Home equity loans are available in NY, NJ and PA only.

Credit Union Membership is required with a minimum deposit of $5 for all products.

You may be required to pay certain fees to third parties to open a home equity and/or home improvement loan.  These fees generally total between $625 and $4000.  If you ask, we will provide you with an itemization of the fees you will have to pay to third parties.  Certain fees may be considered a finance charge. Proof of homeowner’s insurance is required. Flood insurance may be required. Escrow may be required.

All rates are subject to change at any time. The Credit Union reserves the right to modify or suspend any conditions of the loan programs at any time without prior notice.

Fixed Rate Home Equity

• Maximum CLTV (Combined Loan-to-Value) is 100%. Certain terms apply, contact the credit union for details.
• Must be in 1st or 2nd lien. Property must be a 1-4 unit owner occupied property. CLTV above 90% is limited to 1-2 units.
• Manufactured/Mobile homes with land are accepted with maximum CLTV of 80% . Certain terms apply, contact the credit union for details.
• Closing costs can be waived with an add-on of 0.50%.  The loan must remain open for a minimum of 36 months to avoid reimbursing waived fees.
• Title Insurance may be required and would be paid by the borrower (even if a promotion to waive closing costs is in effect)

Home Equity Line of Credit

• • Maximum CLTV (Combined Loan-to-Value) is 100%. Certain terms apply, contact the credit union for details.
  • Must be in 1st or 2nd lien. Property must be a 1-4 unit owner occupied property. CLTV above 90% is limited to 1-2 units.
  • Manufactured/Mobile homes with land are accepted with maximum CLTV of 80% . Certain terms apply, contact the credit union for details.
  • Index is Prime Rate as published in the Wall Street Journal on the 20th of the month prior to the change.
  • Rate is variable and may change quarterly based on the applicable index and margin.  Quarterly changes occur on the 1st of January, April, July and October if a change we to occur.
  • Floor rate = 3%.
  • Maximum rate is 15.00%
  • HELOC amortization is based on the original maturity date of 360 months.
  • Payments are principal and interest with a minimum monthly payment of $100.
  • Title Insurance may be required and would be paid by the borrower (even if a promotion to waive closing costs is in effect)

Promotional HELOC Rate & Payment Changes:

The initial rate of 0% indicated for the HELOC will remain constant for one year and is subject to increase after. This initial rate is not connected to an index. The rate change thereafter may occur quarterly based on the index plus margin.