Fixed Rate Home Equity Line of Credit
Get the best of both worlds with our fixed rate home equity line of credit. This product offers the flexibility of a line of credit with the stability of a fixed interest rate.
A variety of programs offered. 5, 10, & 15 year fixed rate options ranging from $5,000 to $250,000 loans available. Contact us for current rates.
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*APR=Annual Percentage Rate. Rates, APRs, terms, and conditions subject to change without notice. Limited to one to four family units. Property must be located in the state of Washington. Mobile homes excluded. Flood/Hazard certificate and property insurance required. There is no prepayment penalty associated with the home equity line of credit. Fees required - Title Fee (ranges $95-$150). Values based on current tax assessment. Appraisal may be made if requested by borrower. Appraisal cost will be paid by borrower. Appraisal ranges $255.-$325. Minimum advance amount is $5,000. Two year draw with 12 year amortization period. Payment is based at time of draw for the 12 years. This program has a conversion fee for members transferring from the variable rate program. Consult tax advisor for tax deductibility of interest. Minimum credit line of $5,000. Maximum credit line of $50,000. |
