ErieFCU.org

Home Equity Options

Apr 03, 2015 | Posted in Home Buying, Special Offers

Home Equity Loans1

Put your home's equity to work and start living your dreams. An Erie Federal Credit Union Home Equity Loan is an affordable way to reach your goals. Whether you're considering educational expenses, a home improvement project, or a fabulous vacation, our Home Equity loan options could be the perfect solution for you.

Loan TypeRateAPRTermNew Money
Home Equity Loan
(0-60 Months)
2.992.9960Minimum $5,000
Home Equity Loan
(61-120 Months)
3.603.60120Minimum $5,000
Home Equity Loan
(121-180 Months)
4.244.24180Minimum $5,000

Home Equity Line of Credit2

An Erie FCU Home Equity Line of Credit allows you to borrow against your home's equity. Plus, interest on a Line of Credit may be tax-deductible (consult your tax advisor).

Open up a HELOC from $5,000.00 to $150,000.00 - Use the cash for home improvements, tuition, or other major purchases; or use the money to pay off higher-interest debts and save!

Home Equity Line of Credit Introductory Rate Offer!

Now with a special intro rate of 1.99% APR for the first 6 months! After introductory period, rates are as low as 3.25% APR!

  • Access the money when you need it
  • Low or No closing costs
  • No annual fees
  • Interest charged on only what you use
  • Interest on your loan may be tax deductible 3

Realize Your Home's Full Potential:

Vacations • College tuition • Cars • Bills • Home improvements

Use it for whatever you want or need!


Get started today! Our Home Equity Loan can help make your dreams a reality! Apply online or a visit to any one of our nine convenient branch office locations. Let our expert lending professionals work with you to determine which loan is best for your needs!


Loans subject to credit approval. Rates, terms and conditions vary based on creditworthiness, qualifications and collateral conditions and are subject to change.
1 - 2.99% Annual Percentage Rate offer available with a maximum term of 60 months on new Home Equity loans with a minimum amount borrowed of $5,000 or an existing Home Equity with a loan increase of $5,000 or more. Payment example:: 60 months at 2.99% APR with no payment protection, taxes, or insurance - payment $17.96 per $1000 borrowed. 3.60% Annual Percentage Rate offer available with a maximum term of 120 months on new Home Equity loans with a minimum amount borrowed of $5,000 or an existing Home Equity with a loan increase of $5,000 or more. Payment example: 120 months at 3.60% APR with no payment protection, taxes or insurance produces a payment of $9.94 per $1,000 borrowed. 4.24% Annual Percentage Rate offer available with a maximum term of 180 months on new Home Equity loans with a minimum amount borrowed of $5,000 or an existing Home Equity with a loan increase of $5,000 or more. Payment example: 180 months at 4.24% APR with no payment protection, taxes or insurance produces a payment of $7.52 per $1,000 borrowed. Rates listed apply to 80% ltv loans. Financing up to 85% ltv is available for qualified borrowers. See your credit union mortgage loan officer for details.
2 - The annual percentage rate is variable, based on the Prime rate published in the Wall Street Journal, plus or minus an index; Maximum APR is 18.00%.
3 - Consult your tax adviser for tax deductibility of interest.
Property insurance required. Certain restrictions apply. Membership eligibility required.

Erie Federal Credit Union NMLS# - 414454