Home Equity Rates
Home equity rates on home equity lines of credit at the IC Federal Credit Union are some of the most competitive in the industry. We also offer fair prime rates and fixed equity rates to our homeowners. When the time comes for you to consider a home equity loan, a credit union can provide some of the best rates in the state.
(Note: Rates subject to change without notice.)
Home Equity Rates
Effective as of 2010-08-27 08:00:27
APR = Annual Percentage Rate
| Lines of Credit 80% Loan to Value & Under | Term | APR |
|---|---|---|
| $10,000 and Up | 2.99% APR 6 Month Promo then Prime minus 1.00% APR For Life** | see term |
| 80% Loan to Value & Over | Term | APR |
| $10,000 and Up | 2.99% APR 6 Month Promo then Prime Plus 1.75% APR For Life** | see term |
Prime Rate
Effective as of 2008-12-17 09:37:39
| Prime Rate |
|---|
| 3.250% |
Fixed Equity Rates*
Effective as of 2010-08-27 08:00:27
| Term | APR |
|---|---|
| 1-5 Years | 3.990% |
| 6-10 Years | 5.500% |
| 11-15 Years | 5.990% |
| 16-20 Years | 6.500% |
All equity products have no points, no application fee and no pre-payment fee. However, a waiver of fees must be signed at the time of application. Refer to product description for value determination and appraisal requirements.
* Rates will be higher for LTV's over 80%
** Rate adjusted according the the prime rate published in the wall street journal last business day of the month. Minimum rate 5.00% maximum rate 18.00%
1 Fees may reduce earnings on applicable accounts
2 A waiver of fee may be assessed for early payoff
