Home equity line of credit

Using the equity in your home can be a smart way to borrow because the interest rates are generally lower than many credit cards or personal loans. A flexible line of credit lets you borrow over and over again as you pay off your balance.

The credit union will pay for your closing costs if you keep your line open for at least three years, or your fixed-rate loan is greater than $50,000.*

Home Equity Lending Rates

Information effective August 1, 2021.
Loan Amount $10,000 – $150,000
TermAmountAPR* as low as
* APR = Annual Percentage Rate. Credit union will pay closing costs; however, if the line of credit is paid off within 3 years, reimbursement is due to the credit union. Appraisal Fee: $400. Processing time: 3 to 4 weeks.
** Prime rate as published at www.fedprimerate.com. The equity loan rate is subject to change on the first day of the quarter (January, April, July & October) following a change in the prime rate. Draw Period: 15 years (access with home equity checks); First Advance: $2,500 minimum; $500 increments thereafter.
Revolving Line of Credit80% Appraised Value less First MortgagePrime** + .25%
Revolving Line of Credit90% Appraised Value less First MortgagePrime** + 1.00%

Apply at our branches

Home equity lines of credit are available to members in good standing; approval is based on credit history and debt-to-income ratio. Bring your two most recent paystubs when you apply at a branch.

Visit our Saint Agnes Hospital branch to speak to our Loan Officer or call 443-844-3616 during banking hours for more information.

Using home equity is a low-rate, smart way to borrow!

Visit a branch