Home Equity Loans
Your home's equity can work for you!
Consolidate debt, make home improvements, pay for college, medical expenses and more with a Home Equity Line of Credit (HELOC) or Fixed-Rate Second Mortgage.
- No annual fees
- No prepayment penalties
- Quick & easy process
- We are a local, community-based lender
Home Equity Line of Credit
- HELOC rates as low as 8.25% APR*
- Variable rate tied to prime interest rate
- Monthly principal and interest payments
- Has a term of 25 years; which consists of a 10 year draw period and a 15 year repayment period
| Rate as low as | Loan Amount Example | Payment Estimate Example |
|---|---|---|
| 8.25% APR* | $50,000 | $396.74 |
| 8.75% APR* | $50,000 | $413.83 |
Fixed-Rate Second Mortgage
- Fixed interest rate as low as 8.45% APR*
- Monthly principal and interest payments
- Offer terms of 5, 10, 15, or 20 years
| Term | Rate as low as | Loan Amount Example | Payment Example |
|---|---|---|---|
| 5 Years | 8.45% | $15,000 | $307.39 |
| 10 Years | 8.45% | $15,000 | $185.58 |
| 15 Years | 8.65% | $15,000 | $149.04 |
| 20 Years | 8.85% | $15,000 | $133.52 |
Check how much equity you may have:
Our friendly Home Equity Specialists are here to answer any questions you might have.
Give us a call today at 303.978.2274.
What is a HELOC?
* Prime -.25% Annual Percentage Rate is available with combined loan to value of no more than 90%, loans of at least $10,000, and is subject to a purchase transaction and credit qualification. APR will vary based on Prime Rate as published in the Wall Street Journal which was 8.00% as of 10/1/2024. APR will not exceed 18% or be lower than 3.75%. Not all applicants will qualify for the lowest rate. Estimated closing costs range from $478-$1719, including appraisal. Contact a tax advisor for tax deductibility information. Second lien real estate loans are available on Colorado residences only. Property insurance is required. Colorado Credit Union membership required. Escrow funds are not collected and will not be included within the monthly payment. Other restrictions may apply, call for details.