Loans

Home Equity Loans

 

Line-of-Credit Rate | Equity Loan Rate | FAQ'sCalculate a payment | Apply Now

Perfect for a one time expense, our fixed rate/term Home Equity Loan offers a fixed principal and interest payment.

Loan Amounts
  • NEW - Up to 100% Loan to Value on owner-occupied properties for qualified borrowers
  • Minimum $5,000
  • Maximum $200,000 (For higher loan amounts, please contact us.)
Closing Costs
  • None, unless funds are to be used for a bridge loan. See FAQs for details.
Approval time
  • Usually within 24 hours pending appraisal & title
Term
  • 5, 7, 10 & 15 year fixed or 7 year balloon*
Payment Options
  • Direct Deposit with Automatic transfer
  • Payroll deduction†
  • Online Banking transfer
  • By phone with A.R.T.
  • By mail or in person
Rates

Rates effective as of 3/1/2017 & are based on the amount you borrow against the value of your home

Terms Up to 85% 85.01-90% 90.01-100%
5 Year 4.24% APR 5.24% APR 5.74% APR
7 Year 4.49% APR 5.49% APR 5.99% APR
10 Year 4.74% APR 5.74% APR 6.24% APR
15 Year 4.99% APR 5.99% APR 6.49% APR
7 Year Balloon* 4.74% APR 5.74% APR 6.24% APR
Payment Example & Calculator
Interest Rate: % APR
 

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Loan Term: months
 
 
Loan Amount: $  
Monthly Payment: $
 
 
Change the fields above to calculate your payment.
 
Early Closure Fee
  • A fee up to $350 will be assessed if you pay off and close your Home Equity Loan within the first 36 months.
†Please email us or call 815-267-7700 to see if your employer offers payroll deduction.
*Payments may be amortized up to 30 years. The entire principal and interest balance is due at the end of seven (7) years. At that time, you may apply to Abri CU to refinance your balance under the terms and conditions in effect at that time, but Abri CU is under no obligation to do so.

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For more information, e-mail info@abricu.com or call our Real Estate Department at (815) 267-7716.