Home Equity Loans
Home Equity Loans
Let’s make it happen!
Take advantage of HUGE savings with our HELOC!
Unlock the power of your home’s equity with our flexible and convenient Home Equity Line of Credit (HELOC).
Whether you’re planning a major renovation, consolidating debt, or funding a special project, our HELOC offers competitive rates and terms tailored to meet your financial needs. Enjoy the freedom to access funds during the draw period, making interest-only payments, and repay the principal over the final repayment period.
With the support of Hercules First Federal Credit Union, you can achieve your financial goals with confidence and ease. Explore the possibilities and take the next step toward financial empowerment today!
Home Equity Line of Credit (HELOC)
A Home Equity Line of Credit allows you to borrow against the equity in your home. The rate is variable based on the prime rate. This line of credit can be accessed as you need it and you can pay the loan off as quickly as you’d like or you can keep your payments as low as “interest only.”
Home Equity/2nd Mortgage Rates
| Home Equity Loans (5/10/15 yrs) | 80% LTV | 90% LTV |
|---|---|---|
| 730+ | 7.24% / 7.74% / 8.24% | 8.24% / 8.74% / 9.24% |
| 700+ | 7.74% / 8.24% / 8.74% | 8.74% / 9.24% / 9.74% |
| 670+ | 8.24% / 8.74% / 9.24% | 9.24% / 9.74% / 10.24% |
| 640+ | 9.24% / 9.74% / 10.24% | NA / NA / NA |
| 600+ | 11.24% / 11.74% / 12.24% | NA / NA / NA |
| 550+ | 14.24% / 14.74% / 15.74% | NA / NA / NA |
| 549 or less | 16.24% / 16.74% / 17.24% | NA / NA / NA |
| ----------------- | ----------------- | ----------------- |
| Home Equity Line | to 80% LTV | to 90% LTV |
| 730+ | 8.50% | 9.50% |
| 700+ | 8.50% | NA |
| 670+ | 9.00% | NA |
| 640+ | 9.50% | NA |
| 600+ | 10.50% | NA |
| 550+ | 11.50% | NA |
| 549 or less | 12.50% | NA |
Rates current as of:
* Annual Percentage Rate. Rates and terms are based on creditworthiness, loan-to-value (LTV), occupancy, loan purpose and loan amount, so your rate and terms may differ. Up to 90% LTV financing is available on single family detached residences, and it is based on credit worthiness. All rates and terms quoted apply to properties that are occupied by the borrower.
Home Equity Lines – Fees, generally ranging from $50 to $1000 may be incurred depending on loan amount and loan-to-value (LTV). Maximum APR on variable rate is 18%.
Other rates & terms available, call for details.