Home Equity Loans/Home Equity Line of Credit
Our Home Equity Loans can give you the money you need to finance minor or major expenses like home improvement, college expense, new auto purchase,vacation or consolidation.
Home Equity Loan/Line Rates
Our rates on loans will be based on a member's credit score, so better the score the lower the interest rate. Fixed Rate Home Equity Loans are available with reasonable closing costs. A Home Equity Line of Credit has no closing costs.**
Fixed Rate Home Equity Loans
- 60-month term as low as 4.0% APR*
- 120-month term as low as 4.5% APR*
- 180-month term as low as 5.0% APR*
Home Equity Line of Credit
| SCORE | GRADE | TO 80% LTV | TO 90% LTV |
| 730+ | A+ | Prime | Prime + .25 |
| 680-729 | A | Prime | Prime + .25 |
| 640-679 | B | Prime + .25 | Prime + .50 |
| 600-639 | C | Prime + 1 | Prime + 2 |
| 550-599 | D | Prime + 2 | N/A |
| 549 or less | E | Prime + 3 | N/A |
- Rates are based on Prime rate
- There is a discounted rate for every new HELOC of 3.25% for one year of the origination date
We offer great rates, contact a credit union employee to learn more.
*Annual Percentage Rate
** Home Equity Line of Credit must be open for at least 3 years or the member may be obligated to reimburse a portion of closing costs.
NMLS# 758591
The HMDA data about our residential mortgage lending is available for review. The data shows geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials. Inquire at this office regarding the locations where HMDA data may be inspected. To receive a copy of this data, send a written request to the credit union at PO Box 310, Oswego, NY 13126.
