Home Equity Loans and Lines of Credit
The equity in your home can be a great source of funds if you’re looking for a low-cost loan for major purchases or expenses. Whether it's a home improvement project, consolidating debt, college tuition, or vacation, we make it easy – in addition to a great rate, we charge you no origination fees.
APR – Annual Percentage Rate. Rates may be subject to change without notice.
An introductory annual percentage rate (APR) of 3.99% for the first twelve billing cycles with a periodic rate of 0.0109%. Thereafter, the APR will be set at the beginning of each monthly billing cycle and will be either a floor rate of 3.50% APR with a periodic rate of 0.00959%, or the Prime Rate as most recently published in the Wall Street Journal rounded to the nearest one-quarter of one percent, whichever is greater. Prime rate is 3.25% as of 3/16/20. The maximum rate is 18.00% and the floor rate is 3.50%. Draw period is ten years with an additional ten years to repay. Rate is subject to change after consummation. Offer only applies to owner-occupied residences. Equity is determined by taking 70% of the property value and deducting the balance of any mortgages. The minimum loan amount is $15,000 and the maximum is $125,000. Property insurance is required. There is a $125 review fee if the property is in a trust. Align Credit Union members must maintain a $25 deposit relationship. All requests are subject to credit approval. To find out about deductibility, please consult a tax advisor.