All of our home equities offer:

• No closing costs*
• Fixed loans/adjustable lines up to $250,000
• Reasonable payments
• Flexible terms and fast approvals.

There are three types of home equities:

1) Fixed Rate Home Equity Loan

• Take out money in one lump sum
• Terms to 20 years
• Finance up to 90% of the loan-to-value
  click for rate information

2) One-Year Adjustable Rate Home Equity Line of
Credit with A Conversion Option

• After the first year, you have the option of converting your line into a
  Fixed Rate Home Equity
• Take out money as you need it for up to 10 years
• Annual Percentage Rate is fixed for the first 12 months and adjusts annually thereafter
• Finance up to 80% of the loan-to-value
• Minimum line is $10,000
  click for rate information

3) Three Year Adjustable Rate Home Equity Line

• Take out money as you need it for up to 6 years
• Annual Percentage Rate adjusts every three years
• Finance up to 80% of the loan-to-value
  click for rate information

* You may be required to reimburse the Credit Union for closing costs associated with home equity loans/lines if a discharge of mortgage is issued within the first three years of the line/ loan. The mandatory NYS Mortgage Tax is paid by you at closing.