Home Equity Rates

Home Equity Loan

Rate Effective Date : Sep 28, 2023
Term Rate % Points APR %1 Est. Payment per $1000
15 Year Fixed Rate 7.490% 0 7.662% $9.26

Home Equity Line of Credit

Rate Effective Date : Sep 28, 2023
Loan-To-Value Loan Amounts up to2 Index APR as low as3
80% $350,000 Prime Rate 8.500%

Rates shown are "as low as." Rates are subject to change without notice.

Annual Percentage Rates (APR) is calculated based on a loan amount $50,000 for Home Equity loans. For Home Equity Loans Rate is fixed for the term of the loan. Actual rate is based on the loan-to-value and the borrower's credit score at the time of origination. Home Equity Loans in TX available up to 80% LTV Maximum.
2 Credit limit based on your creditworthiness. Please contact the credit union for the minimum and maximum loan amounts for the various Combined Loan-to-Values (CLTVs).
3 Rate shown is based on a Combined Loan-to-Value (CLTV) of 80% or less. Rate will increase based on a CLTV greater than 80%. For Home Equity Lines of Credit the rate is variable and based on the Prime Rate as published in the "Money Rates" section of the Wall Street Journal, plus a margin. The margin is based on loan-to-value and borrower(s) credit score at time of origination. The maximum annual percentage rate in a variable rate plan is 18%.

* Taxes and insurance not included, your actual payment obligation may be higher.

No fees are imposed for opening a Home Equity Line of Credit. If the account is closed within three years of opening, early closure fees will be added to the Account Balance in the amount of $500 for credit lines up to $100,000 and $700 for credit lines above $100,000. Early closure fees are not assessed where prohibited by state law or when the account is closed as part of a Spectrum Credit Union refinance.

Property insurance is required. Flood insurance may be required. Rates, APR, terms and conditions are subject to change without notice.

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