Home Equity Loan

Use the value in your home

In need of cash? Want to make some home improvements?
Your home’s value can help you secure a loan with a low interest rate.

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Low rates, flexible options

A home equity loan is one of the most effective ways to cover a big expense. Whether you’re planning a wedding, making renovations, or consolidating debt, this loan offers a low rate and payments that won’t break the bank. With us, you’ll get financing up to 75%, and you won’t have to worry about prepayment penalties. Want a more flexible option for added peace of mind? We also offer Home Equity Line of Credit (HELOC), where you’ll only need to pay interest on what you spend.

Loan amounts from: $50,000 – $250,000

No prepayment penalties

No application fees

Origination fee: $500

Cover medical expenses, vacations, higher education, and more

Rates as low as APR*

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Loan Amount

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Choose Your Loan Term

Responses within two business days

Need a loan quick? Fill out an online application to get the ball rolling.
We’ll reply within one business day or less.

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Rates and terms may vary based on a borrower’s credit qualifications. All loan rates are determined by Credit Union management and subject to change at any time. The Credit Union may offer other rates in the future. All services offered by the Credit Union shall be subject to applicable laws of the State of Oregon, federal laws and regulations, Credit Union bylaws and all regulations, rules and practices now or hereafter adopted by the Credit Union. All loans subject to credit approval.

Origination fee: $500. The borrower is responsible for all third party fees — such as appraisal, title insurance, filing, flood determination and/or tax service fees if applicable.

Loan to value is subject to lien position. The maximum loan to value is 75%

The Annual Percentage Rate is variable and subject to change on the first of each month. The quoted rate is established by adding margin to the Prime rate. All HELOC loans subject to an annual fee if the loan balance is below $25,000.

Line of Credit is based on property valuation, term and total encumbrances.

Currently only available in these states: AK,AZ,CA,ID,MT,NM,NV,OR,UT,WA

We Do Business in Accordance With the Federal Fair Housing Law and the Equal Credit Opportunity Act

Rates

Home Equity Loan

Account Type

Rate

APR¹⁶

Financing

Terms

Home Equity Loan^5,8,9,15
(Second Trust Deed - Principal Residence Only)

f - fixed

v - variable

a - adjustable

*APR=Annual Percentage Rate.

Rates and terms may vary based on a borrower’s credit qualifications. All loan rates are determined by Credit Union management and subject to change at any time. The Credit Union may offer other rates in the future. All services offered by the Credit Union shall be subject to applicable laws of the State of Oregon, federal laws and regulations, Credit Union bylaws and all regulations, rules and practices now or hereafter adopted by the Credit Union. All loans subject to credit approval.

*The Annual Percentage Rate is variable and is figured on the following basis: The Annual Percentage Rate will be calculated on the last day of each calendar quarter. The Credit Union starts by calculating the index, which is the average auction rate on 26-week U.S. Treasury Bills for the prior 3 months, rounded up to the nearest ¼%. The Credit Union adds a margin to the index. The amount of the margin is based on your credit profile and other factors the Credit Union deems appropriate. The margin for your account will be disclosed in a document provided when your account is opened. The total of the index plus the amount the Credit Union adds is the Annual Percentage Rate. The Annual Percentage Rate is divided by 12 to produce the monthly Periodic Rate. The adjustment of the Annual Percentage Rate affects your entire outstanding balance and is effective for the second full statement cycle following the calculation date. The minimum Annual Percentage Rate on your account is 8.75%. We will review your credit profile from time to time and may adjust the amount of the margin (and the resulting Periodic Rate and Annual Percentage Rate) based on your credit profile.

⁵ Origination fees: $500. The borrower is responsible for all third party fees — such as appraisal, title insurance, filing, flood determination and/or tax service fees if applicable.

⁸ Home Equity Loan minimum amount is $50,000, maximum amount is $250,000. Home Equity Line of Credit minimum amount is $25,000, maximum amount is $250,000..

⁹ Loan to value is subject to lien position. The maximum loan to value is 80%.

¹⁵ Currently only available in these states: AK,AZ,CA,ID,MT,NM,NV,OR,UT,WA

¹⁶ The APR is based on a loan amount of $160,000 and includes applicable origination fees.