Home Equity Lines
Owner Occupied Equity Line of Credit. The maximum line of credit plus the outstanding first mortgage shall not exceed eighty (80) percent of the appraised value of the real estate. Maximum dollar amount $300,000. Property insurance is required in an amount equal to or greater than the amount of the approved home equity line and 1st mortgage. The Annual Percentage Rate may vary. Annual Percentage Rate is based on the prime rate listed in the Wall Street Journal. Rate will not exceed 18% APR. The Annual Percentage Rate is current as of today’s date and is not guaranteed until a loan contract is executed. All payments will be made up of principal and interest. Fees may apply.
Fixed Rate Home Equity
Loan Owner Occupied Fixed Rate Home Equity Loan. These rates are subject to change at any time and are not guaranteed until a Fixed Rate Home Equity Loan contract is executed. Fixed Rate Home Equity Loans may be approved for up to Eighty Percent (80%) of the appraised value of the real estate, minus First Mortgage balance before minimum dollar amount. Minimum dollar amount is $10,000. Maximum dollar amount $300,000. Property Insurance is required in an amount equal to or greater than the amount of the approved loan and 1st mortgage. Annual Percentage Rate will not exceed 18% APR. Fees may apply. The Annual Percentage Rate is current as of today’s date and is not guaranteed until a loan contract is executed.
Looking for more information? Complete the form below and we will contact you!
Congratulations to Our 2022 Scholarship Recipients!
Helping our members send their children to college is one of the most rewarding things we […]
Helping Young People Manage Their Money.
Whether a few bucks from the grandparents on their birthday or their first paycheck from a summer job, teaching young people how to manage their money is one of the most important lessons they’ll ever learn. They already know how to spend the money. The challenge is to show them how to earn it, save it, and maybe spend it more smartly.
CTFCU’S 55th Annual Meeting
Join us remotely for our 55th Annual Meeting of the Common Trust Federal Credit Union: Tuesday, […]
Home Equity Rates
| Name | Term (in months) | APR | Loan Amounts |
|---|---|---|---|
| Home Equity Line 80% | Maximum draw 10 years; repay term 5 years | Prime** | Minimum $10,000 Maximum $300,000 |
| Home Equity Loan 80% (fixed/second mtg) | Up to 180 Mos | As Low As 5.49% | Minimum $10,000 Maximum $300,000 |
APR - Annual Percentage Rate
* Actual APR based on credit history and term
**PRIME RATE IS CURRENTLY AT 4.00%
Rates are subject to change without notice.
