Home Equity Loans

• Convert the equity in your home into cash you can use
• Competitive rates for several short-term or one-time needs:
  • Education expenses
  • Major life events
  • Home remodel projects
  • Debt consolidation
  • And much more
• The existing equity in your home is used as collateral backing
• Accommodating repayment terms that work uniquely for you
• The interest paid might be tax deductible¹
• Expedited application for members with Preferred Equity
• Quick, local decision-making and processing
• Attentive, friendly service from start to finish

• $75 Application Fee
• Proof of homeowner’s insurance with a maximum deductible of $1,500. The amount the home is insured for must be at least the total amount of the outstanding mortgage plus the home equity.
• The Title Search on the property (blue book) 
• A copy of the current taxes
• A copy of the deed
• Proof of income
• A statement of all current mortgage holders to verify balance owed

Estimated Fees for Home Equity & Non-Owner-Occupied Equity Loans

Appraisal Fee: $390 - $550

Closing Costs: Closing costs vary depending on the amount of the mortgage. Typically, costs include attorney fees, property search, preparation and recording of mortgage, mortgage tax, and special mortgage tax exemption affidavit.