Home Equity Loans

MACCU's HELOC Special is going on NOW!

Put the Equity in your Home to Work for You!

Looking to purchase that big ticket item? The funds you need may be right in your own back yard — or closer! Many of our satisfied members throught Vermont have used home equity loans.

Don't miss this offer: Intro Rate for 12 months starting at 1.99% APR*!

 

Do you have "Life Happens" events coming up? This loan is perfect for you!

                                                College Tuition          Vacation
                                                Purchase a Car         Holiday Shopping
                                                Pay for Car Repairs   Pay off Higher Rate Loans
                                                Funeral Expenses     Home Improvement

Borrow up to 80% of the equity in your home minus first mortgage balance.

For example: If a home is valued at $200,000 and the remaining mortgage balance is $100,000, we would lend up to $60,000. ($200,000 x 80% = $160,000 - $100,000 = $60,000)

  •     May be tax deductible*
  •     Convenience checks provided to access your line
  •     Variable rates
  •     Minimum loan amount $10,000/Max $200,000
  •     MACCU will cover up to $250 in Closing Costs!
  •     Quick Turn Around Time!

Contact a Mortgage Loan Officer today for more information on our

HELOC SPECIAL. You won't want to miss this opportunity

Members Advantage Community Credit Union, with locations in Barre, South Burlington, Springfield, White River Jct & Windsor, also offers Home Equity Loans:  

Fixed Rate Home Equity Loan

For people who want the security of a fixed rate and a one time disbursement of funds.

  • Borrow up to 80% of the equity in your home minus first mortgage balance
    For example: If a home is valued at $200,000 and the remaining mortgage balance is $100,000, we would lend up to $60,000.  ($200,000 x 80% = $160,000 - $100,000 = $60,000)
  • Rate is fixed for the life of the loan
  • 5, 10 and 15 year terms
  • Minimum loan amount $5,000/Max $200,000
  • May be tax deductible*
  • Low closing costs

*Check with your tax advisor

Loan Rates Loan Calculator

Please contact us for more information on our Home Equity Loans!

*APR= Annual Percentage Rate. Rates Shown are as low as and may be different from the rate you qualify for. Rates are determined by an evaluation of your credit, the term of the loan and the value of your home. Minimum loan amount is $10,000 and max loan amount is $200,000 with max LTV 80%. For HELOC Special, Rate and margin are determined by the LTV of home and an evaluation of your credit. Rate after 12 months is Prime +0%. Your rate may differ from the one shown. Credit Union will cover up to $250 of closing costs. Closing costs can range from $250 to $675. Minimum of $10,000 must be drawn at time of closing to qualify for $250 in closing cost credit. An appraisal may be required, but in many instances is waived. New Money Only. Floor rate is 4.25%. See Credit Union for full details. NMLS# 409405