Home Equity Loans
APR = Annual Percentage Rate. Interest rates shown below are for conventional mortgage loans and are subject to change at any time. Property insurance is required. Payment example: 84 monthly payments at 5.490% APR with no insurance produces a payment of $14.37 per $1,000.00 borrowed. Erie FCU membership is required.
Home Equity Loans
| Loan Type | Rate | APR | Term |
|---|---|---|---|
| Home Equity-Subordinate Mortgage (0-60 Months) | 5.24 | 5.24 | 60 |
| Home Equity-Subordinate Mortgage (61-84 Months) | 5.49 | 5.49 | 84 |
| Home Equity-Subordinate Mortgage (85-144 Months) | 5.99 | 5.99 | 144 |
| Home Equity-Subordinate Mortgage (145-180 Months) | 6.28 | 6.28 | 180 |
Income Property
| Loan Type | Rate | APR | Term |
|---|---|---|---|
| Income Property (1st Mortgage, 180 Months, $50,000) | 7.24 | 7.24 | 180 |
| Income Property (2nd Mortgage, 144 Months, $50,000) | 7.99 | 7.99 | 144 |
Home Equity Lines of Credit
APR = Annual Percentage Rate. Interest rates shown below are for conventional mortgage loans and are subject to change at any time. The annual percentage rate may increase after consummation of the Home Equity Line of Credit. The maximum ceiling APR for a Home Equity Line of Credit that can apply is 18.00%. The minimum floor APR for a Home Equity Line of Credit that can apply is 2.99%. Property insurance is required. Erie FCU membership is required. Membership Share $5.00 par value (par value is not a fee.) For more information on mortgage interest rates, limits or fee schedules, please contact us at (814) 825-2436 or (800) 480-0494.
PRIME AFFINITY Home Equity Lines of Credit
| Loan Type | Rate |
|---|---|
| Credit Limit less than $25,000.00 (Min $5,000) | Prime + .75% |
| Credit Limit from $25,000.00 to $74,999.00 | Prime + .00% |
| Credit Limit greater than $75,000.00 (Max $150,000) | Prime - .75% |
