Home | About Us | Locations | Rates | Fees | Contact Us | 763.422.0290

Home Equity

Loans

Build a bigger future.

Various pieces of samples for choosing a house style including stone patterns, color swatches, wood type, etc.
Home Equity Line of Credit (HELOC) Home Equity Loan

Our Home Equity Line of Credit (HELOC) is there when you need it. You can easily access your funds through Phone Branch, AHCUdigital, or at one of our six locations. You only pay finance charges on the amount you borrow, with low monthly payments¹ and no annual fee.

  • Borrow up to 90%² of the property value
  • Rates as low as 4.75% APR³
  • Five-year draw period
  • Variable interest rate adjusts quarterly (based on prime rate)

 

1.  Payments are based upon 1.25% of the principal balance on the 30th of each month.  2.  Financing is available up to 90% LTV.  Appraisal is required on loans greater than 80% LTV.  3.  Home Equity Lines of Credit are variable-rate loans. Rates are based on creditworthiness and loan-to-value. The plan has a minimum APR of 3.50% (floor).  Rates, terms, and conditions are subject to change without notice and are based on the Anoka Hennepin Credit Union's loan qualifications.  

We offer home equity loans with low fixed rates. Your rates and payment amounts are the same throughout the life of the loan, and you receive the entire loan amount at closing.

  • Fixed interest rate
  • Fixed monthly payments
  • 5-year, 10-year or 15-year repayment periods
  • Borrow up to 90%1 of the property value
  • Rates as low as 3.99% APR²

 

1.  Financing is available up to 90% of appraised value for borrowers with a credit score of 640 or higher.  Appraisal is required on loans greater than 80% loan-to-value.  2,  Rates as low as 3.99% APR and are based upon creditworthiness and term; your rate may differ.  Rates, terms, and conditions are subject to change without notice and are based on the Anoka Hennepin Credit Union's loan qualifications. 

Intro as low as 1.99% APR1 HELOC for 3 months, then variable (currently 4.75% APR1)

Intro Rate Information

1 = APR is Annual Percentage Rate. Rates are current as of 8/5/2019. Introductory rate of 1.99% APR for three months then Prime -0.50% (currently 4.75% APR). The current non introductory variable rate is as low as 4.75% APR and is based on applicant's credit score and loan to value. Loan is subject to credit approval. Offer limited to 80% Loan to Value or less. Rates and terms subject to change or termination. Credit Union membership required. Borrow at a fixed 1.99% APR for 3 months; estimated monthly payments of $125.00 per $10,000 borrowed. Payments are based on 1.25% of the principal balance as of the 30th of the month. Rates become variable after the initial 3 month term and adjust quarterly. Rates based on Prime plus or minus a margin. Finance charges begin to accrue on the day an advance is made on the line. No annual fee. Minimum non introductory rate 3.50% APR; maximum rate 18.00% APR. Minimum loan amount $5,000; Burnett, maximum loan amount $250,000. Borrower pays all applicable closing costs and range $250 to $2500. Homeowners insurance required. Offer valid only for residential properties located in Minnesota and Piece, Polk, St. Croix, Burnett, Washburn, Douglas, Barron and Ashland Counties of Wisconsin.


Apply Now


Or Call your Loan Officer for your Home Loan Today!

763.422.0290

ncuaLogos

billpay

credit

line-o-credit

autoloans

hrLarge

"Helping People Discover and Achieve Their Dreams"