Maximize the power of your home sweet home with a Home Equity Loan! Turn your equity into a financial superhero that can fund education, wrangle those bills, snag a shiny new car, or spruce up your living space. Your house, your rules! Plus, enjoy a hassle-free experience as we take care of everything on-site. It’s time to unleash the potential of your biggest investment – your home.
For a limited time, lock in your HELOC rate for two years at as low as 6.24% APR*. After the intro term of two years, the APR is between 7.24% and 18.00% APR*.
Home Equity Line of Credit
Establish a home equity line of credit (HELOC) to access funds anytime.
- Variable, competitively low rates for a number of needs
- Approval and funding in as little as five business days
- Utilize the equity you’ve built in your home as collateral
- Flexible terms, customized to your situation
- Local decision-making and processing
- Helpful, personalized service throughout the entire process
For a better understanding of Home Equity Lines of Credit, please read: What you should know about Home Equity Lines of Credit and HELOC Disclosures
Home Equity Fixed Term Loan
- Competitively low rates for a number of needs
- Utilize the equity you’ve built in your home as collateral
- Terms available up to 180 months
- Local decision-making and processing
- Helpful, personalized service throughout the entire process
NMLS #648706
**Special Introductory Annual Percentage Rate (APR) of 6.24% is fixed for the first two years from the time of closing and is valid for new home equity line of credit (HELOC) applications. After the introductory fixed-rate period of two years, the rate is variable and is currently 7.24% APR which is equal to the Prime Rate minus a 0.26% margin. The maximum APR is 18.00%. Promotion is up to 90% Loan-to-Value financing and applies to Owner-Occupied primary residences only. The minimum amount of each advance is $300. No refinancing of an existing Arize FCU Home Equity Line of Credit (HELOC) is allowed. The monthly payment may vary based on the loan balance and market conditions. A $50,000 Home Equity Line of Credit draw at 7.24% APR for two years would be $44.86 per thousand borrowed. Property and Hazard insurance are required; flood insurance may be required. Consult with your tax advisor on possible tax benefits. The borrower is responsible for the closing and appraisal costs, typically $250 – $500, and additional fees may apply. Arize FCU reserves the right to end this promotional rate at any time. Membership eligibility and a savings account with a $5 opening deposit are required. Applications are subject to approval, and certain additional restrictions may apply. Don’t hesitate to contact the credit union for further information regarding this promotion.
For a better understanding of Home Equity Lines of Credit, please read: What you should know about Home Equity Lines of Credit
Consult a tax advisor regarding the deductibility of interest.