Home Equity

Home Equity Loan
Line of Credit HELOC Visa

Home Equity Loans

Everyone can use a little extra cash at one time or another. Whether you are planning some simple renovations, building an addition to your home, or need help paying for other major expenses, a Home Equity Loan may be the answer.

  • Fixed rate, term, and monthly payments 
  • Apply NowNo closing costs, application or annual fees
  • No pre-payment penalties
  • Borrow up to 90% of your home's appraised value*

By using the available equity in your home as collateral, a Home Equity Loan can be an affordable way to get the funds you need. Plus, Advantage One offers no closing costs, application or annual fees. Apply Today!

*Borrow up to 90% of your home's appraised value (less mortgage & liens). Minimum loan amount of $5,000. 

Closed End Home Equity Loans
Effective Date: Tuesday, September 17th, 2019
TermAnnual Percentage Rate
60 Months 4.99%
120 Months 5.24%
180 Months 5.49%
Quoted Home Equity rates are the lowest available. Your final loan rate is based upon creditworthiness, loan-to-value, and consumer credit scoring and may be higher than the quoted rates. All quoted rates based on 80% LTV. Loans with LTV of 81% - 90% will receive a 0.50% rate mark-up. Secondary Homes and Investment Properties can be used as collateral. Loans secured by Secondary Homes and Investment Properties have a maximum LTV of 75% and a .50% rate markup. The minimum loan amount is $5,000.00. Retain a copy of the preliminary disclosures. The credit union will receive a security interest in the dwelling.
FEES AND CHARGES: In order to open, use and maintain a home equity loan, you may have to pay an appraisal fee.

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