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Home Equity Products

Rates last updated: 11/01/2018 10:59 AM

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 example(s): 60 months at 4.00% APR with no payment protection, taxes or insurance produces a payment of $18.42 per $1,000 borrowed. 120 months at 4.49% APR with no payment protection, taxes or insurance produces a payment of $10.37 per $1,000 borrowed. 180 months at 4.99% APR with no payment protection, taxes or insurance produces a payment of $7.91 per $1,000 borrowed. Minimum amount(s) listed indicates new money borrowed.

Rates listed below apply to 80% ltv loans. Financing up to 85% ltv is 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.
Membership eligibility required. For more information on mortgage interest rates, limits or fee schedules, please contact us at (814) 825-2436 or (800) 480-0494.

Erie Federal Credit Union NMLS# - 414454


Home Equity Loan - First Position Mortgage

Loan Type Rate APR* Term Minimum
Home Equity - First Position Mortgage (0-60 Months) 4.00 4.00 60 $5,000.00
Home Equity - First Position Mortgage (61-120 Months) 4.49 4.49 120 $5,000.00
Home Equity - First Position Mortgage (121-180 Months) 4.99 4.99 180 $5,000.00

Home Equity Loan - Second Position Mortgage

Loan Type Rate APR* Term Minimum
Home Equity - Second Position Mortgage (0-60 Months) 4.99 4.99 60 $5,000.00
Home Equity - Second Position Mortgage (61-120 Months) 5.49 5.49 120 $5,000.00
Home Equity - Second Position Mortgage (121-180 Months) 5.99 5.99 180 $5,000.00

Income Property

Loan Type Rate APR* Term Maximum
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

Monthly Payment Estimator

PRIME AFFINITY Home Equity Lines of Credit

Loan Type Rate
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%

Monthly Payment Estimator