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Home Equity Loans

Are you dreaming about a new kitchen, a new deck, a vacation, or consolidating your debt? A home equity loan from AppleTree Credit Union is a great way to accomplish all the things you have been putting on hold. If you are looking for a loan with a fixed loan amount and fixed interest rate or a line of credit to use as needed, AppleTree has you covered.

Home Equity Line of Credit (HELOC)

An AppleTree Credit Union HELOC gives you the flexibility to use as much or as little of your credit line as you need. You will not be charged interest on the unused portion of your HELOC or pay an annual fee. You can take an advance from your HELOC, pay it to $0, and then advance it again, all without reapplying. A HELOC is a convenient, affordable loan - ready to use when you need it.

  • Variable APR (Prime + 0%)
  • Low closing costs
  • 10-year draw period
  • Minimum advance: $100
  • No annual fee
  • No early payoff penalty
  • Payment is 1.5% of the balance, as of the last advance, or $75, whichever is greater.

HELOC Resources

Home Equity Early Disclosure

What you Should know about Home Equity Lines of Credit

 

Second Mortgage

An AppleTree Credit Union Second Mortgage will give you the security of a fixed interest rate and fixed loan term. Your loan balance is secured upfront in one lump sum. Take advantage of a 5-year or 7-year term with the option of amortizing your loan payment for up to 15 years.

  • Fixed APR
  • Fixed loan term
  • Low closing costs
  • No early payoff penalty
  • No annual fee

Home Equity Line of Credit

Loan TypeTermAPR
New--Intro Rate*12 Month*1.499%*
80% LTVPrime + 0%4.75%
90% LTVPrime + 1%5.75%

APR is Annual Percentage Rate. Normal lending policies apply. Subject to approved credit. Rates assume electronic payment and e-statement sign-up. Rates are subject to change monthly on the first Monday following any change in the Prime Rate as published in the Wall Street Journal. Prime Rate, currently 4.75% as of June 16, 2022, plus a margin of 0% (80% LTV) or 1% (90% LTV). Variable APR available on owner-occupied, 1-4 family primary residences currently not for sale. The maximum APR is 17.39%. The minimum line of credit is $10,000. Payment is 1.5% of the unpaid balance as of the last advance or $75, whichever is greater. Closing costs are $296 for loans under $99,999. Closing costs do not include the cost of an appraisal; if needed, this fee could range from $350 - $1000. 90% LTV (loan-to-value) or less. Property insurance is required. No annual fee. Over-limit fee is $35. Late fee is $10. NMLS ID: 446368.

*Intro rate is locked for 12 months from the closing date and then will change to Prime + 0%. This intro rate is available for homes with an LTV (loan-to-value) up to 80%. Intro rate available once per member and property. Excludes ATCU refinances.

 

Second Mortgage

Mortgage TypeTermAPRPYMT/$1000
80% LTV604.199%$18.51
 844.899%$14.09
90% LTV605.199%$18.96
 845.899%$14.56

APR is Annual Percentage Rate. Rates are subject to change without notice. Normal lending policies apply. Subject to approved credit. Rates assume electronic payment and e-statement sign-up. APR available on owner-occupied, 1-4 family primary residences currently not for sale. The minimum loan amount is $10,000. Closing costs are $296 for loans under $99,999. Closing costs do not include the cost of an appraisal; if needed, the fee could range from $350 - $1000. 90% LTV (loan-to-value) or less. Property insurance is required. Loan can be amortized for up to 15 years. Excludes ATCU refinances. NMLS ID: 446368.