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Equity Loans & Lines of Credit

 

Equity Loans and Lines of Credit

Putting the equity in your home to work for you.

You've worked hard to build the equity in your home. We've got products to help make it work just as hard for you! Between our Home Equity Loans and our Home Equity Lines of Credit, we have the right fit for you. 

 

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Home Equity Loans

Up to 80% LTV3 with rates as low as

4.50% APR1

APPLY NOW VIEW RATES 

HELOC (Home Equity Line of Credit)

Up to 80% LTV3 with rates as low as

3.25% APR2

APPLY NOW VIEW RATES

 

  • Home Equity Loans

    Put the equity in your home to work for you! With our fixed rates and extended terms, a home equity loan can help you tackle every stage of life.

    Home Equity Loans

    Put the equity in your home to work for you.

    You've worked hard to build the equity in your home. Now, make it work just as hard for you! With our fixed rates and extended terms, a home equity loan can help you tackle every stage of life, including:

    • Home Improvements or Repairs
    • Debt Consolidation
    • Vacations
    • Emergency Expenses
    • And More!

     

    Not only do we offer great rates on equity loans, we'll also pay up to $700 in closing costs4!

     

    What is a home equity loan?

    Available for primary residences, home equity loans are also known as a second mortgage. You borrow a lump sum, all at once, and your monthly payment will not change throughout the life of the loan. These are great to use if you know you have equity in your home to borrow against, and if you know exactly how much cash you need. 

     

    Features of our Home Equity Loans include:

     

    We pay up to $700 in closing costs4

    Predictable, fixed-rate monthly payments

    Fixed 5, 10, and 15 year term options

    No prepayment penalties5

    No application fee

    Borrow a specific, one-time dollar amount against the available equity in your home

    Financing options for up to 100% combined loan-to-value (LTV)

    Great low rates

    Our mobile notary service brings your closing to you

  • HELOC (Home Equity Line of Credit)

    Borrow what you need, when you need it! Take your time and tackle those projects with a revolving Home Equity Line of Credit.

    HELOC (Home Equity Line of Credit)

    Borrow what you need, when you need it.

    Take your time and tackle those projects with a revolving Home Equity Line of Credit (HELOC) from Topside FCU. In addition to home improvement projects, our home equity lines can be used for:

    • Debt Consolidation
    • Future Education Expenses
    • Emergency Expenses
    • And More!

     

    Not only do we offer great rates on HELOCs, we'll also pay up to $700 in closing costs4!

     

    What is a HELOC (Home Equity Line of Credit)?

    Available for primary residences, home equity lines of credit are revolving credit lines that allow you to draw and repay funds as you need them. You can borrow against your line of credit throughout the 10-year Draw Period, and will make varying payments each month. Your minimum monthly payment will depend on the outstanding balance. This allows you to borrow only what you need, when you need it. 

     

    Features of our HELOCs include:

     

    Flexibility to use what you need

    No application fee

    10-year Draw and 10-year Repayment period

    Financing options for up to 90% combined loan-to-value (LTV)

    Variable rate, based on the Wall Street Journal (WSJ) PRIME rate

    Our mobile notary service brings your closing to you

See Our Quick & Easy Application Process

step 1 Apply OnlineQuick and easy online application.
step 2 Sign Your LoanAgree to the loan amount, rates, and terms.
step 3 Get your moneyUse your money to finance what you need.

 

For a copy of the HMDA Disclosure statement, please contact us 540-663-2181 or visit any branch.

1 - Fixed rate home equity loans are available from $10,000 - $100,000 up to 100%LTV based on appraised value. View rates for payment calculation. This rate is only valid for loans up to 60 months. Contact your tax advisor for further information regarding the deductibility of interest and charges. Listed annual percentage rate only applicable if the specific terms that apply to this loan are met, and will be based on credit worthiness.2 - Variable rate home equity loans are available from $10,000 - $100,000 up to 90%LTV based on appraised value. Contact us for monthly payment calculations. HELOC includes a 10 year draw period with a 10 year repayment period. Variable rate as published in the money rates column of the Wall Street Journal and subject to change quarterly. Maximum rate 16%.  Minimum rate 1%.  Your rate will be determined by your credit history.  Loan to Value Ratios (LTV) up to 90%.  An appraisal may be required. Borrower must maintain property insurance.  Call the Credit Union for additional account fees and terms that apply, including rate information.3 - LTV is the value of your property compared to the total amount of any mortgage secured by this property.  Other restrictions may apply.4 - Topside FCU will pay up to $700 in closing costs, subject to restrictions, appraisal fee not included. Appraisals are required for all mortgage loans.  5 - With a minimum amount financed of $10,000, Topside FCU agrees to pay up to $700 of your third-party fees to open a home equity loan or line of credit. Any portion of fees incurred exceeding the $700 threshold will be collected from you at closing. If the loan is paid in full within the first 36 months after the opening date, you agree to reimburse the credit union for the fees paid on your behalf.

Membership eligibility is required. Subject to approval and underwriting. All Credit Union loan programs, rates, terms and conditions apply and are subject to change at any time without notice. Contact the credit union for complete details. Federally insured by NCUA.