Home Equity Loan
Get a loan against the equity in your home to renovate your home, create garden space , and more. Take Home Equity Loan or a Home Equity Line of Credit with Proposed Odùduwà FCU . We provide Home Equity Loan to members with primary and secondary residences. We provide a lump sum of cash at a very low fixed rate of interest.
Benefits that you can get are
- Monthly payments
- Low rate of interest
- Fixed term of 20, 15, 10, 7 and 5-year
- For investment properties 70 percent LTV of up to $50,000
- Make prepayments without penalties
- No points
- No full appraisal required for Loans under $50,000
Home Equity Line of Credit (HELOC)
Get Home Equity Line of Credit (HELOC) for primary residences at a low variable rate.
Benefits include:
- Low variable interest rates
- Draw in 10years and repay in 15 year
- Make prepayment
- No points
- Get loan up to $300,000
- No full appraisal required for Loans under $50,000
Home Equity Loan Rates
| Products | 5 Year APR* | 7 Year APR* | 10 Year APR* | 15 Year APR* | 20 Year APR* |
|---|---|---|---|---|---|
|
Home Equity Single Advance (Owner Occupied)** |
3.29% - 4.54% | 3.54% - 4.79% | 4.29% - 5.54% |
4.54% - 5.79% |
4.54% - 5.79% |
|
Home Equity Single Advance (Investment Property)**** |
6.75% - 8.75% | 7.00% - 9.00% | 7.75% - 9.75% | 8.00% - 10.00% | N/A |
|
Home Equity (Owner Occupied)*** |
6.19% - 6.19% | 6.19% - 6.19% | 6.19% - 6.19% | N/A | N/A |
| Products | APR* |
|---|---|
|
Home Equity Line-of-Credit (HELOC)***** |
3.99% - 4.25% |
|
Rates effective May 17, 2021 *Annual Percentage Rate (APR) based on evaluation of applicant's credit. Your actual APR will be within the stated range and will be disclosed at the time of disbursement. Unless otherwise stated rates subject to change monthly. The minimum monthly payment will equal 1.0% of the principal balance outstanding or $100.00 whichever is greater. |
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