Home Equity Loans

Home Equity Loans

If you already own your home, you can make your equity work for you with a Home Equity Loan. Pay for education expenses, consolidate your bills, buy a new car or make improvements to your home – all by using your largest investment – your house! And we handle everything on-site too, for a streamlined process.

 

 

There’s Money In Your Home!

Home Equity Line of Credit Promotion Rate of 1.99% APR* for 24 Months with a variable rate as low as 5.50% APR* thereafter.

*1.99 Introductory Annual Percentage Rate (APR) applies for 24 months upon loan closing and with auto-payments deducted from an SPE checking account. After 24-months, any remaining balance plus subsequent advances are subject to a standard variable APR, currently 5.50%-18.00% based on your credit history. Rates current as of 04/04/2018. Minimum Loan amount is $10,000. Maximum LTV is 90%. Applicable to owner-occupied primary residence only. Property and Hazard insurance required; flood insurance may be required. Consult with your tax advisor on possible tax benefits. SPE covers the closing and appraisal costs. Additional fees may apply. After the first advance, the minimum amount of each subsequent advance is $300. The monthly payment may vary based on loan balance and market conditions. SPE reserves the right to end this promotional rate at any time. New money loans only. Certain additional restrictions may apply. For further information regarding this promotion please contact the credit union. NMLS# 648706

HELOC

Establish a home equity line of credit (HELOC) to access funds anytime.

  • Variable, competitively low rates for a number of needs
  • Low application fee
  • Utilize the equity you’ve built in your home as collateral
  • Flexible terms, customized to your situation
  • Local  decision-making and processing
  • Helpful, personalized service throughout the entire process

For a better understanding of Home Equity Lines of Credit please read: What you should know about Home Equity Lines of Credit

Home Equity Fixed Term Loan

  • Competitively low rates for a number of needs
  • Low application fee
  • Utilize the equity you’ve built in your home as collateral
  • Terms available up to 180 months
  • Local decision-making and processing
  • Helpful, personalized service throughout the entire process

NMLS #648706