When are home equity loans tax deductible?
At Choice One Community Credit Union, we understand that your home is more than just a place to live, it’s also a valuable asset. That’s why we offer our Wilkes Barre community competitive home equity loan rates. Whether you’re looking to refinance your mortgage, renovate your home, or cover unexpected expenses, our home equity loans provide a straightforward, cost-effective solution.
• Low Fixed Rate
• Borrow Up To 80% of value
• Terms up to 15 years
• No closing costs or fees**
• Interest may be tax-deductible depending on use***
• Borrow Up To 80% of value
• Terms up to 15 years
• No closing costs or fees**
• Interest may be tax-deductible depending on use***
***Check with your tax advisor. Home Equity Loan tax-deductible interest eligibility depends on your use of the funds and specific tax situation
| APR* | Info and/or Terms
Effective Date: 01/01/2024
Rates Subject to Change at Anytime |
|---|---|
| As low as 5.99%* | Term: Up to 58 Months Full Appraisal Required By Credit Union *This rate includes the .25% discount with Auto Pay. |
| As low as 6.49%* | Term: Up to 10 Years Full Appraisal Required By Credit Union *This rate includes the .25% discount with Auto Pay. |
| As low as 6.74%* | 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 6.99%* | Term: Up to 15 Years Full Appraisal Required by the Credit Union *This rate includes the .25% discount with Auto Pay. |
Exceptional Personalized Service
At Choice One Community Credit Union, we’re dedicated to guiding you smoothly through the borrowing process. Our expert lending team is here to ensure you make the ideal financial decisions tailored to your needs. If you have any questions or need assistance, don’t hesitate to reach out at 800-610-2788. We’re here to help!
*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 12/31/2024. 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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