Home Equity
Home Equity Loans/Fixed Rate 5.99%APR
- $20,000 minimum loan
- $300,000 maximum loan
- 10 year maximum term
- 600 or above credit score required
- Closing costs are the NYS Mortgage Tax
Home Equity Loans/Variable Rate
Line of Credit 2.99%APR 1st 12MO
PRIME RATE THEREAFTER
- $300,000 maximum credit line
- $20,000 minimum credit line
- 10 year/120 months max. draw period with interest only payments
- 15 year pay back after the draw period expires
- Variable Rate indexed to Wall St. Journal Prime Rate
- First 12 months - rate will be 2.99%APR
- Thereafter - rate will be Prime Rate (PR)
- Prime rate floor; 10.00% ceiling
- Closing costs are the NYS Mortgage Tax
These loan rates are applicable to new money and are expressed as ANNUAL PERCENTAGE RATES (APR).
Call the credit union (315) 733-1596 for details