Home Equity

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No matter what project is on your list this year, get the job done with a home equity loan or line of credit from Industrial CU.

With home values on the rise, this is a great time to take advantage of available equity in your home. And if a vacation or consolidating debt sounds more exciting to you than a new patio, your equity can be used for that, too. It’s your equity – do what you want with it.

Loan rates shown here are current as of:
October 1, 2017

2nd Mortgage Rates:

APR = Annual Percentage Rate

Payment Example for an Adjustable Rate Mortgage (ARM): For example, on an ARM loan for $150,000 at 4.45% APR, you would make 60 fixed payments of $1,128.42, then 60 payments at the indexed rate of 3.25% – 8.50%, which might vary.

Payment Example for a Fixed Rate Mortgage: For example, on a fixed loan for $150,000 at 4.95% APR, you would make 179 fixed payments of $1,166.75, then 1 fixed payment of $1,166.22.

Payment Example for a Fixed Rate Mortgage – Home Improvement: For example, on a fixed loan for $25,000 at 5.94% APR, you would make 119 fixed payments of $268.23, then 1 fixed payment of $268.17.

Home Equity Interest Rate Points APR
0/5 Adjustable Rate 4.250% – 5.500% 1.00% 4.45% – 5.71%
15 Year Fixed 4.750% – 6.000% 1.00% 4.95% – 6.21%
Home Improvement 5.250% – 6.500% 1.00% 5.71% – 7.00%

Home Equity Line of Credit (HELOC) Rates:

APR = Annual Percentage Rate

Rates are variable. Maximum APR of 24.00%. Estimated aggregate Credit Union and third party fees: $1,405.

Margin Index APR
Varies 26 Week T Bill 5.15% – 7.15%

Have a project in mind and worried you don’t have enough equity? Ask about our “No Equity” Home Improvement Loans.

Sign in to your OnLine Banking Account to apply online today!