Low Cost Home Equity Loans


A Community Resource Home Equity Loan helps you fulfill your dreams...whether your dream is to make needed home improvements or renovations, or to simplify your life by consolidating bills. A home equity loan is a loan that is secured by the equity you've built up in your home. The equity in your home is the difference between the amount your house is appraised for and what you owe on your mortgage.

All of our home equities offer:

  • No annual fees
  • Low closing costs
  • Fixed loans up to $350,000 (1st lien position)
  • Adjustable lines up to $250,000 (1st lien position)
  • Reasonable payments
  • Flexible terms and fast approvals
  • Interest may be tax-deductible (consult your tax advisor).
  • Maximum CLTV is 85%
  • Minimum Loan/Line of Credit amount is $10,000
  • Maximum Loan/Line of Credit is $100,000 for 2nd lien position

There are three types of home equities:

1) Fixed Rate Home Equity Loan

  • Take out money in one lump sum
  • Terms up to 20 years

2) One-Year Adjustable Rate Home Equity Line of Credit

  • Introductory APR* is fixed for the first 12 months from the date of disbursement
  • Convenient check access
  • Access your line for up to 10 years
  • 25 Year repayment plan

3) Three Year Adjustable Rate Home Equity Line

  • Annual Percentage Rate adjusts every three years
  • Convenient check access
  • 15 year repayment plan
  • Access your line for up to six years

Apply for a Home Equity Loan. Call (518) 783-2211 or 1-888-783-2211 for more information.

New York State Mortgage Tax is required and paid by the borrower. The remaining closing costs paid by CRFCU on behalf of the borrow will be charged back and added to the payoff amount of the loan if the home equity line is paid and closed within three years of loan closing. Closing costs are estimated at $200 - $800.