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Home Equity Line of Credit

Home Equity Line of Credit

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Enjoy convenience and flexibility when you open a Choice One home euity line of credit. Simply borrow the money you want as you need it. As you pay back what you borrowed you can draw that amount again, and more – up to your line of credit limit. It’s a perfect solution when you are unsure of the amount of money you need for certain expenses.

Home Equity Line of Credit Details

A HELOC is a great way to fund home repair projects, pay college, take a vacation or for just about any purchase. 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 Adjustable 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, 2019. 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 Fixed Rates

APR* Info and/or Terms
As low as 3.74%* Term: Up to 58 Months

Full Appraisal Required By Credit Union

*This rate includes the .25% discount with Auto Pay.
As low as 4.74%* Term: Up to 10 Years

Full Appraisal Required By Credit Union

*This rate includes the .25% discount with Auto Pay.
As low as 5.74%* 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 4.74%* Term: Up to 15 Years

Full Appraisal Required by the Credit Union

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

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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