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Home Equity Line of Credit

Home Equity Line of Credit

Apply for a Home Equity Loan

Introductory Rates As Low As 2.99% APR*

Plus, for a limited time pay no fees**

A HELOC can help you handle both planned and unexpected expenses. From checking that home remodel project off of your to-do list to tackling that emergency repair, a HELOC is a great solution. A home equity line of credit also offers a lower rate than most credit cards and personal loans. Enjoy great convenience and flexibility when you open a Choice One home equity line of credit. Borrow as you need up to your limit.

Home Equity Line of Credit Details

A HELOC is a great way to borrow against the equity in your home to fund home repair projects, pay tuition bills, take a vacation, or for just about any expense. Best of all, you only draw the funds as you need them and pay interest on only the amount you’ve drawn, rather than the full amount of the loan.

• Borrow up to 80% of value
• Terms up to 20 years
• Low variable rate
• Full appraisal required
• Interest may be tax deductible***

***Check with your tax advisor. Home Equity Line of Credit tax-deductible interest eligibility depends on your use of the funds and specific tax situation.

Home Equity Line of Credit Rates

APR* Info and/or Terms
As low as 2.99%* Introductory Rate Term: Up to 20 Years
Regular Rate = Prime Rate Up to 80% Financing

Full Appraisal Required by the Credit Union

The special introductory rate is in effect until December 31, 2020. At the end of the introductory rate term, the rate converts to the Prime Rate. Maximum rate is 18.00%. Minimum rate 5.00%, The annual percentage rate can change quarterly on the first day of January, April, July and October. There is no limit on the amount by which the annual percentage rate can change during any one year period. Rates shown are for qualified borrowers. Other rates and terms are available. Contact the credit union for the complete loan details.

Home Equity Loan Rates

APR* Info and/or Terms
As low as 2.94%* Term: Up to 58 Months

Full Appraisal Required By Credit Union

*This rate includes the .25% discount with Auto Pay.
As low as 3.64%* Term: Up to 10 Years

Full Appraisal Required By Credit Union

*This rate includes the .25% discount with Auto Pay.
As low as 4.94%* Term: Up to 5 Years
$75,000.00 Maximum Loan Amount or 80% LTV

Drive By Appraisal Required By Credit Union

$24,000.00 Maximum for Drive By Appraisal

*This rate includes the .25% discount with Auto Pay.
As low as 3.74%* Term: Up to 15 Years

Full Appraisal Required by the Credit Union

*This rate includes the .25% discount with Auto Pay.

*APR=Annual Percentage Rate. Rates shown are for qualified borrowers and are subject to change without notice. Rate shown for the Home Equity Fixed Rate includes a .25% discount for auto deduct from a Choice One share or share draft account. Additional rates and terms are available. Rates shown for HELOC is a special introductory rate for a 6-month period and in effect until December 31, 2020. At the end of the introductory rate term, the rate converts to the Prime Rate. Maximum Rate is 18.00%. Minimum Rate is 5.00%. Minimum monthly payment $100.00. The annual percentage rate can change quarterly on the first day of January, April, July and October. There is no limit on the amount by which the annual percentage rate can change during any one year period. Contact the credit union for complete details.

**No Closing Cost Promotion applies to first lien only. Third party fees will be reimbursed for the cost of originating your loan excluding any property tax or transfer fees.  Fee Reimbursement–The lender may have paid some third party fees associated with this loan.  Please refer to the Closing Disclosure provided prior to loan closing for an itemization of third party fees paid by the Borrower (if applicable), and those paid by the Lender on the Borrower’s behalf.  The Borrower agrees to reimburse the Lender the actual amount of bona fide third party fees paid on the Borrower’s behalf, as permitted by applicable law, if the loan is paid off within twenty four (24) months after consummation.

About Choice One

We serve more than 13,000 members (and counting) throughout Pennsylvania. If you live, work, worship, go to school or own a business entity in Luzerne, Lackawanna or Wyoming Counties, you are eligible to join. So, stop in today and see the difference at Choice One!

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