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Home Equity

Loans

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home-equity-loans
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.

  • Rates as low as 4.50% APR³
  • Borrow up to 90%² of the property value
  • 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.  

 

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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.

 

Call your Loan Officer today for your Home Loan!

763.422.0290

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