Home Equity Rates

Home Equity Loan

Rate Effective Date : Dec 03, 2021
Term Rate % Points APR %1 Est. Payment per $1000
15 Year Fixed Rate 4.000% 0 4.364% $7.46

Home Equity Line of Credit

Rate Effective Date : Dec 03, 2021
Loan-To-Value Loan Amounts up to2 Index APR as low as3
80% $350,000 Prime Rate 4.000%

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

1
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.

Ready to become a member? Let’s get started.

If you’re eligible for membership, we’re ready to hear from you. Not sure if you’re eligible? You can check if you qualify here.

Why join Spectrum Credit Union? Learn more.

From everyday finance to life’s big money moments, it’s better when you belong.