Unlock your home's worth.
Obtain a home equity or credit line
Please select among the following options:
Speak to a regional Member Service Representative
Call us: 888-777-9982
Email us: membersvc@patriotfcu.org!.?.! Leverage your home's worth with our home equity alternatives Your home is more than simply a location to live. It's a valuable asset that can assist you achieve your monetary objectives. Our Home Equity Loans and Lines of Credit are developed to supply you with flexible and budget friendly funding choices, whether you're seeking to renovate your home, consolidate financial obligation, or fund major expenditures. Fixed Home Equity Loan If you're looking for a wise way to fund home improvements, college, big purchases, or to combine higher rates of interest debt, a set rate home equity loan might be the best option for you. Great benefits, including ...- Loans up to 90 %of the equity in your house -One
lump-sum payout- Fixed rate of interest
for the life of the loan- Equal regular monthly payments with time- No prepayment charge Flex Equity Line of Credit Our
Flex Equity Line of Credit offers you the best of both worlds. You can
utilize it 2 methods for more flexibility ... 1. A variable rate line of credit 2. You can benefit from the alternative
to secure a portion of your balance at a competitive fixed rate, term, and payment Our Flex Equity Line provides you the versatility to use the equity in your home to have cash on hand when you require it. Plus, as you pay, the cash becomes offered once again in your credit line. Other advantages include ... -12-month initial rate -Payments based on the quantity you borrow- Credit lines up to 90%of the equity in your home -Competitively
low-interest rates- Easy payment
choices- Easy access to funds How
it works ... -When you're approved for a Flex Equity Line you have the choice to make use of your line of credit or lock in portions similar to a fixed-rate, fixed-term loan -You can use money
from your Flex Equity Line for approximately 10 years -As you repay the cash you've utilized, the cash appears once again on your line of credit- You can secure the rate for approximately 4 portions of
your credit line and pay them off with repaired regular monthly payments- The minimum line is $7,500.- The minimum total up to lock the rate is$ 5,000.- Each part can be locked in for approximately 15 years Rates 1LTV= Loan to Value. 2Annual Percentage Rate( APR) revealed is a set rate for an applicant with credit scores 735 or higher. Other rates offered for up to 90% funding.
Example:$ 20,000.00 loan, regular monthly payment will be $388.89 for
60 months at
6.24%.
The minimum loan amount is$ 7,500.$ 99 origination cost will apply. Maryland house owners are responsible for Maryland government recordation tax, amounts differ per county and amount borrowed. Homeowners insurance required. Rates might alter without notification. All loans based on credit approval. Rates effective since November 27, 2024. Find out more 5.99% 60 months 6.24% 6.49% 120 months 6.74% 6.99% Term 180 months 7.74 %1LTV =Loan To Value. 2Annual Percentage Rate (APR) shown is for a candidate with a credit ratings 735 or greater. Other rates are available for approximately 90% funding. Rate based on the Wall Street Journal Prime Rate which was
7.50%
since 12/19/2024. This is a
variable rate loan item and
your payment and rate
undergo change. Maximum
17% APR.
No flooring rate on this item. Monthly payments might range from 0.5. % to 1.50 %of the balance owed. Late payment charges of 5% of the month-to-month payment or$ 35.00 whichever is greater may apply.$ 7,500 minimum line of credit.$ 99 origination cost will apply. Maryland property owners are accountable for Maryland federal government recordation tax, quantities differ per county and quantity borrowed. Homeowners insurance coverage required. Rates might change without notice. All loans subject to credit approval. Rates reliable since December 31, 2024. Find out more up to 70 %7.24% 71-80 %7.49% LTV1 81-90% APR2 (as low as )8.24% Putting Money in Your Pocket for Less! Take advantage of Your Home's Equity For a minimal time, get a home equity loan at Patriot and pay no closing costs! Contact our mortgage group to discover more by calling 717-709-2580 or apply online. You Might Also Have An Interest In ... Financial Calculators Mortgage Refinance You must apply online, over the phone, or at one
of our branches
. You
can obtain up
to 90%
of the equity in your home.
A draw period is when you
can take an
advance from your credit line. From the
day it is booked, your line is
offered for ten years to take advances from the line. After the 10-year draw period will transform to a repayment-only status, it will be in repayment just, and no more advances can
be taken. The repayment will be recalculated
to settle the balance over 15 years. Usually, these loans take about 19 days from application to closing. However, with us, you might close in as
little as 7 days! Our structured procedure allows for fast approvals, pending necessary steps like appraisals and lien searches. We're here to make the journey to closing quickly and problem-free! See all FAQs Look for a Home Equity Loan or Credit Line Disclosures- * Introductory 4.99% Interest Rate( APR) works for the initial twelve months of the line of credit part. After the introductory period, the rate transforms to the standard variable rate.
APR revealed is for a candidate with a credit report 735 or greater. Other rates are readily available for as much as 100 %funding. Rate based upon the Wall Street Journal Prime Rate which was 7.50% as of 12/19/2024. This is a variable rate loan item and your payment and rate go through alter. Maximum 17 %APR. No floor rate on this product. Monthly payments may
range from 0.5.% to 1.50% of the balance
owed. Late payment
charges of 5% of the month-to-month payment or$ 35.00 whichever is greater might apply.$ 7,500 minimum line of credit. $99 origination fee will apply. Maryland homeowners are accountable for Maryland government recordation tax, amounts vary per county and quantity borrowed. Homeowners insurance needed. Rates may alter without notification. All loans subject to credit approval.
