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Home Equity Loans

Build a bigger future. Tap into the value of your home and use the funds for almost anything.

home equity

 

Home Equity Line of Credit

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(HELOC) 

Our Home Equity Line of Credit (HELOC) is there when you need it. Easily access your funds through AHCUdigital including the Mobile App, through Phone Branch or at one of our six locations. 

  • Introductory rate of 1.99% APR** 1st 3 months
    • Non-Introductory Rate is 3.50% APR
  • Rates as low as 3.50% APR*
  • Five-year draw period
  • Variable interest rate adjusts quarterly (based on prime rate)

*APR = Annual Percentage rate. Advertised rate is current as of 10/1/20. Actual rate is based on applicant’s credit score, term of loan, and Loan to Value. **Introductory rate of 1.99% APR for three months then Prime -0.50% (currently 3.25% APR). The current non introductory variable rate is as low as 3.50% APR and is based on applicant's credit score and loan to value. Loan is subject to credit approval. Offer limited to 80% Loan to Value or less. Loan is subject to credit approval. Rates and terms subject to change. Credit Union membership required. Borrow at a fixed 1.99% APR for 3 months; estimated monthly payments of $125.00 per $10,000 borrowed. Payments are based on 1.25% of the principal balance as of the 30th of the month. Rates become variable after the initial 3 month term and adjust quarterly for the first 5 years and then annually thereafter. Rates based on Prime plus or minus a margin. Finance charges begin to accrue on the day an advance is made on the line. No annual fee. Minimum non introductory rate 3.50% APR; maximum rate 18.00% APR. Minimum loan amount $10,000; maximum loan amount $500,000. Borrower pays all applicable closing costs and range $350 to $3050. Homeowners insurance required. Offer valid only for residential properties located in Minnesota and Piece, Polk, St. Croix, Burnett, Washburn, Douglas, Bayfield, Barron and Ashland Counties of Wisconsin.

 

Home Equity Loan

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We offer home equity loans with low fixed rates. Your rates and payment amounts are the same throughout the life of the loan, and you receive the entire loan amount at closing.

  • Fixed interest rate
  • Fixed monthly payments
  • 5-year, 10-year or 15-year repayment periods
  • Rates as low as 4.004% APR*

*APR = Annual Percentage Rate. Rate is fixed for the term of the loan. Advertised rate is current as of 10/1/20. Actual rate is based on applicant’s credit score, term of loan, and loan to value. Loan is subject to credit approval. Qualifications and limitations may apply. Credit Union membership required. Rates and terms subject to change. Borrow at 4.004% APR for 5 years and make monthly payments of $183.06 per $10,000 borrowed. Payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater.  Minimum loan amount $10,000; maximum loan amount $500,000. Borrower pays all applicable closing costs and range $350 to $3050. Homeowners insurance required. Offer valid only for residential properties located in Minnesota and Piece, Polk, St. Croix, Bayfield, Burnett, Washburn, Douglas, Barron and Ashland Counties of Wisconsin.

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