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With rates "as low as" 3.75% APR* you can unleash some of your equity in your home to get the money you need to tackle what’s important to you! Apply today - safely and securely online 24/7.
(Offer is for New Home Equity loan, 2nd lien position, fixed rate)
But hurry, this limited time offer will end January 31, 2023.
Learn more: Home Equity Loan Offer
Make your FREE Mortgage Refi Appointment today! www.eriefcu.org/mortgage-consultation
YOUR Money, YOUR Home, Your Dreams! Get the money you need to make YOUR home, YOUR own. Take advantage of our low Home Equity Loan rates! Get a lump sum of cash with a term for simple repayment (up to 180 months). Save money and get things done!
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!
Now with a special intro rate of 1.99% APR for the first 6 months!
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!Apply for a home equity loan Apply for a home equity line of credit
Loans subject to credit approval. Rates, terms and conditions vary based on creditworthiness, qualifications and collateral conditions and are subject to change based on market conditions and borrower eligibility. Property insurance required.
1 APR=Annual Percentage Rate. Payment example does not include payment protection, taxes, or insurance: Term of 60 months at 3.00% APR produces a payment of $17.98 per $1,000 borrowed.
2 APR = Annual Percentage Rate. 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 advisor for tax deductibility of interest.
4 Maximum of one free appraisal/valuation. Applicant(s) must pay appraisal/valuation fee if loan does not close. In case of dispute of appraisal/valuation, applicant(s) will be responsible for the cost of any additional appraisal/valuation.
Certain restrictions apply. Membership eligibility required.
Rates last updated: 10/07/2022 02:09 PM
Home Equity Loans
*APR = Annual Percentage Rate. Loans subject to credit approval. Rates, terms and conditions vary based on creditworthiness, qualifications and collateral conditions and are subject to change. Certain restrictions apply. Membership eligibility required.
Payment examples do not include payment protection, taxes, or insurance: Term of 60 months at 4.50% APR produces a payment of $18.65 per $1,000 borrowed; Term of 120 months at 5.50% APR produces a payment of $10.86 per $1,000 borrowed; Term of 180 months at 5.75% APR produces a payment of $8.31 per $1,000 borrowed. Minimum amount(s) listed indicates new money borrowed
Rates listed apply to loans with 80% Loan to Value. Financing options of up to 85% Loan to Value are available for qualified borrowers. See your credit union mortgage loan officer for details.
Home Equity Lines of Credit
Interest rates shown below are for conventional mortgage loans and are subject to change. 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%. Property insurance is required.
Erie Federal Credit Union NMLS# - 414454
|Home Equity - First Position Mortgage (0-60 Months)||4.50%||4.50%||60||5,000.00|
|Home Equity - First Position Mortgage (61-120 Months)||5.50%||5.50%||120||5,000.00|
|Home Equity - First Position Mortgage (121-180 Months)||5.75%||5.75%||180||5,000.00|
|Home Equity - Second Position Mortgage (0-60 Months)||6.00%||6.00%||60||$5,000.00|
|Home Equity - Second Position Mortgage (61-120 Months)||6.50%||6.50%||120||$5,000.00|
|Home Equity - Second Position Mortgage (121-180 Months)||6.75%||6.75%||180||$5,000.00|
|Income Property – First Position Mortgage (180 months)||7.24%||7.24%||180||$50,000.00|
|Income Property – Second Position Mortgage (144 months)||7.99%||7.99%||144||$50,000.00|
|Credit Limit less than $25,000.00 (Min $5,000.00)||Prime + .75%|
|Credit Limit from $25,000.00 to $74,999.99||Prime + .00%|
|Credit Limit greater than $75,000.00 (Max $150,000.00)||Prime - .75%|