Make Your Home Work For You
After you’ve built up some equity, your house can be the key to getting a low-cost loan that allows you to do all sorts of things that make a big difference in your life.
Home Equity Loan
Straightforward loan (Lump Sum)
Fixed-rate, term, and monthly payments
Borrow up to 90% of your home’s appraised value¹
Use it for large purchases, weddings, remodeling your home, or consolidating your debt
Home Equity Line of Credit (HELOC)
Variable rate based on Prime Rate
For the first 10 years, borrow what you need, when you need it
For the last 10 years, you’ll pay off your loan
Borrow up to 80% of your home’s appraised value¹
Use it for unexpected home repairs, the kid’s college expenses, or anything else
Home Equity
Everyone can use a little – or a lot of – extra cash at one time or another. You can use these funds for anything you want, including remodeling your home, buying furnishings, paying college tuition, or consolidating higher-interest debt.
No closing costs, application, annual fees, or pre-payment penalties
Straightforward loan with a fixed rate, term, and monthly payments
Borrow up to 90% of your home’s appraised value¹ (less mortgage and liens)
Home Equity Rates
Rates accurate as of
| Product | APR1 as Low as | Term |
|---|---|---|
| Closed-End Fixed Home Equity2 | % | 60-Month |
| Closed-End Fixed Home Equity2 | % | 120-Month |
| Closed-End Fixed Home Equity2 | % | 180-Month |
1APR=Annual Percentage Rate. All loan rates cited as APR. Borrow up to 80% (up to 90% for Home Equity Loans) of your home’s appraised value (less mortgage and liens). All loans are subject to approval. Rates, terms, and conditions are subject to change.
2Closed-End Fixed Home Equity Disclosure: Quoted Home Equity rates are the lowest available. Your final loan rate is based upon creditworthiness, loan-to-value (LTV), and consumer credit scoring and may be higher than the quoted rates. All quoted rates based on 80% LTV. Loans with LTV of 80.01% - 90.00% will have 0.50% added to the base rate. Secondary Homes and Investment Properties can be used as collateral. Loans secured by Secondary Homes and Investment Properties have a maximum LTV of 70% and may be subject to a higher interest rate. The minimum loan amount is $10,000.00. Retain a copy of the preliminary disclosures. The credit union will receive a security interest in the dwelling.
FEES AND CHARGES: If you disagree with Advantage One’s assessment of your home value, you may elect to get an addition appraisal to determine the value of your home, you will be responsible for the cost of this appraisal. A typical cost of an appraisal is estimated at $500.
Home Equity Disclosure: Rates posted are indications only and are subject to change without notice. Rates are based on creditworthiness, loan-to-value (LTV), property type, and other factors associated with your loan application. Payment example does not include taxes and insurance premiums; actual payment obligation may be greater. Your actual rate and/or points may be different.
Payment Example:For a $50,000 loan for a term of 180 months with a 6.49% APR, the monthly payment will be $435.28
Home Equity Line of Credit
It can be reassuring to know you have extra funds available whenever you need them, for any reason at all. You can draw on this credit line anytime you want to pay for special occasions, make a big-ticket purchase, or cover unexpected expenses.
No closing costs, application, annual fees, or pre-payment penalties
No penalties for not using your line. You can keep it open for emergencies and use it when you need it
Line of credit up to 80% of the appraised value of your home¹ (less mortgage and liens)
Payment based on as little as 1.35% of your outstanding balance
Individual loan rates tied to the Prime Rate, your creditworthiness, and credit score
Access funds through Online Banking or at an Advantage One branch
Tap into the money for 10 years, and then you have 10 years to repay what you owe
Home Equity Line of Credit Rates
Rates accurate as of
| Product | APR1 as Low as | Term |
|---|---|---|
| Home Equity Line of Credit2 | % | 240-Month (10-year draw, 10-year repayment) |
1APR=Annual Percentage Rate. All loan rates cited as APR. Borrow up to 80% (up to 90% for Home Equity Loans) of your home’s appraised value (less mortgage and liens). All loans are subject to approval. Rates, terms, and conditions are subject to change.
2Home Equity Line of Credit Disclosure: Home equity rates are tied to Prime, your line of credit balance and your consumer credit rating and creditworthiness. Rates have a floor of 3.25% and a maximum of 16.00%. Rates are subject to review and change quarterly. You can obtain credit advances for 10 years during the draw period. The length of the repayment period will be 10 years. You will be required to make monthly payments during the draw and repayment periods. Retain a copy of the preliminary disclosures. The credit union will receive a security interest in the dwelling. Secondary Homes and Investment Properties can be used as collateral. Loans secured by Secondary Homes and Investment Properties have a maximum LTV of 70% and may be subject to a higher interest rate.
FEES AND CHARGES: If you disagree with Advantage One’s assessment of your home value, you may elect to get an addition appraisal to determine the value of your home, you will be responsible for the cost of this appraisal. A typical cost of an appraisal is estimated at $500.
Home Equity Disclosure: Rates posted are indications only and are subject to change without notice. Rates are based on creditworthiness, loan-to-value (LTV), property type, and other factors associated with your loan application. Payment example does not include taxes and insurance premiums; actual payment obligation may be greater. Your actual rate and/or points may be different.
Checking
Find the spending account that fits your life.
Personal Loans
Make good things happen with some extra money!
Credit Cards
Our Visa® Credit Cards provide a little extra with every purchase!