YOU WORK HARD, SO CAN YOUR HOME’S EQUITY

Borrow only what you need with a Vermont Federal Home Equity Line of Credit (HELOC) or enjoy peace of mind with a low fixed rate Home Equity Loan. Either way, access the equity you have in your home to pay for home improvements, educational expenses, debt consolidation, vehicles, and more.

HOME EQUITY LOAN

6.25

APR**

I want to draw funds as I need them.

Whenever you need your funds, you can access them for almost any project or purpose with a HELOC.

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I want all my funds upfront.

A Fixed-Rate Home Equity Loan gives you one lump sum at the beginning of your loan.

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HOME EQUITY LINE OF CREDIT

Draw funds when you need them, for almost any project or purpose. The equity in your home can help make your next big dream a reality.

Fast approval – online or by phone
Convenience checks or online access to funds
Monthly payments change based on the amount you owe
Minimum credit line is $15,000
Credit Union pays closing costs up to $416
Primary residence only

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FIXED-RATE HOME EQUITY LOAN

One lump sum disbursed at the beginning of the loan.

Combined loan-to-value up to 95%
Interest rate and payment remain the same over the life of the loan
Minimum loan amount of $10,000

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*APR is the Annual Percentage Rate on the loan. Rate is tied to the variable Prime Lending Rate as published in the Wall Street Journal. 80% Maximum Loan to Value product is equal to Prime Rate minus .50% with a floor of 3.50% APR. 90% Maximum Loan to Value product is equal to Prime Rate plus 1.50% with a floor of 4.00% APR. The maximum APR is 18%. All rates quoted "as low as" and are subject to an evaluation of your credit. Rates may vary from those listed above. WSJ Prime is currently 8.50% . For new lines of credit the Credit Union pays up to $341 of the closing costs. Costs range from $341 to $850 depending on the need for an appraisal. Additionally, members may be required to pay for title examination. All rates quoted are subject to change monthly. Primary residence only. Other rates and terms are available. Property insurance is required. Collateral property must be located in the state of Vermont. Minimum credit line is $15,000. All loans are subject to credit approval. Must be a member of the Credit Union to obtain a loan. $5 Share Deposit required for Credit Union membership. Rates, terms and conditions subject to change without notice. Contact Vermont Federal Credit Union at (888) 252-0202 for the latest information.

**The maximum interest rate that may be imposed is 18.00%. All rates are quoted "as low as" and are subject to an evaluation of your credit. Property insurance is required. Must be a member of the Credit Union to obtain a mortgage loan. $5 Share Deposit required for Credit Union membership. All loans are subject to credit approval. Rates, terms and conditions subject to change without notice. An example Fixed Rate Home Equity Loan repayment schedule for $50,000 over the course of 60 months at an Annual Percentage Rate (APR) of 6.508% would calculate to a monthly payment of $978.31.