Home Equity Loans
Home Loans
Consolidate debt, pay for a child’s education, or pay for home improvements with this low-interest rate loan. We offer variable and fixed rate options. Approved loan amounts to qualified borrowers are based on 85% of the Appraised Value of Primary Residence less the first mortgage balance.
Home Equity Line of Credit
Introductory Rate (Ask for Details)
This is a variable rate plan (based on M & T Bank’s Prime Rate minus 1%) with a floor of 4.0% APR*. The maximum rate limit is 14.0% APR.*
The Credit Union’s current rate offering is 4.00% APR.* You can take draws on this loan for up to ten years and the payment is based on the outstanding balance (with a maximum term of fifteen years).
Enjoy No Closing Costs with us!**
Fixed Rate Home Equity Loans
The fixed rate Home Equity Loan offers several different rate & term plans. Members also enjoy No Closing Costs with this loan. **
| APR Range | Terms |
|---|---|
| 4.25% to 10.25%* | Up to 60 months |
| 4.50% to 10.50%* | Up to 120 months |
| 4.75% to 10.75%* | Up to 180 months |
*Subject to credit approval. Check for qualifying details. APR=Annual Percentage Rate.
**If loan is paid off within 24 months of the original note date, closing costs must be reimbursed to the Credit Union by the borrower.
Note: Properties which are security for any type of Home Equity Loan are limited to the states of Maryland, Pennsylvania and Delaware.
