All rates subject to change without notice.
Membership eligibility applies.
¹ APR = Annual Percentage Rate. The rates stated are available on approved credit. Rates may vary based on creditworthiness and other factors. Not all applicants will qualify for the lowest rate.
² The introductory rate of 3.99% APR applies for the first 6 months. After the introductory period, the APR may vary quarterly, based on the then-current Prime Rate as published in the Wall Street Journal (currently 7.50%) plus a margin ranging from 0% to 1.00%. The maximum APR is 18%. This rate is available for new HELOC accounts only.
Advertised rates assume a combined loan-to-value (CLTV) of 85% or less. Loans with CLTVs between 85.01% and 100% are available at different rates and terms. Adequate property insurance is required, and flood insurance may be required. Eligible properties include primary, secondary, and investment single-family homes, townhomes, or owner-occupied condominiums in all 50 states.
Closing costs generally range from $700.00 to $900.00. The minimum line of credit is $10,000 (TX residents: $4,000), with a maximum line of credit of $500,000.
Offer is subject to credit approval and may be changed or withdrawn at any time.
Example Loan Scenario:
The following information is based on a $50,000 HELOC. The property is located in Oakton, Fairfax County, VA, is an existing single-family home, and will be used as a primary residence. The assumed credit score is 760 and CLTV is 75%. The rate lock period is 0 days.
Interest Rate/APR: Prime - 0.50% (currently 7.50%), subject to change after loan funding
Payment: Monthly minimum payments based on interest due
Term: 10-year draw period, followed by 10-year amortized repayment
Balance Due at End of Loan Term: If only minimum payments are made on time, the loan will be paid in full after repayment
Closing Fees: $736.65
Annual Fee: $0.00
Property Insurance is Required