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Home Equity Loan/Line of Credit Comparison
Our Home Equity Loans and Lines of Credit are secured by your primary residence. They're easy to apply for; either online or in-person at any branch and we only need verification of income (last two pay stubs), a copy of your driver's license and proof of homeowner's insurance. | |
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| Features | HELOC I | HELOC II | PowerHouse
80 | | Loan To Value | 50% | 50% | 50% | | Credit Limits | $5,000 -
$100,000 | $5,000 -
$100,000 | $5,000 -
$100,000 | | Minimum Advance | None | None | N/A | | Access | Checks
DataNet
Data Voice
Comm. Ctr. | Checks
DataNet
Data Voice
Comm. Ctr. | N/A | | Draw Period | 8 Years | 10 Years | N/A | | Term | 15 Years | 25 Years | 20 Years | | Current Rate | Check Rate | Check Rate | Check Rate | | Rate Changes** | Quarterly | Quarterly | Fixed | | Index | 11th Dist.
Cost of
Funds | 11th Dist.
Cost of
Funds | N/A | | Annual Fee | None | None | None | | Cash Advance Fee | None | None | N/A | | Over Limit Fee | None | None | N/A | | |
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**Quarterly rate changes may occur on the 1st of February, May, August and November.
HELOC I and HELOC II interest rates can not increase more than 2% per year or more than 6% over the initial loan rate.
Property must be owner occupied. Fees may apply for loans that were funded within the last 12 months.
Interest may be tax deductible under certain conditions, depending on current tax laws. Consult your tax advisor.
For more information, contact our
Communication Center or fill out our secure contact form for same day response. | |
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