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Home Equity Line of Credit

Put your home's equity to work

with a Home Equity Line of Credit from Central One Federal Credit Union.

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Best Uses of Your Home Equity Line

A home equity line of credit (HELOC) is an open-ended line of credit in which your home serves as collateral. Similar to a credit card, you can borrow what you need, as you need it, until you reach your credit limit. Our rates adjust only ONCE ANNUALLY, no matter how many times the Prime Rate may change!

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100% Loan to Value Home Equity Line of Credit (HELOC)

Just like our standard home equity line of credit (HELOC), the 100% Loan to Value Home Equity Line of Credit is an open-ended line of credit in which your primary residence, single family home, duplex or condo, serves as collateral. Borrow what you need for home improvement purposes. Our rates adjust only ONCE ANNUALLY, no matter how many times the Prime Rate may change!

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Investment Interest Only HELOC

Just like our standard home equity line of credit (HELOC), an Investment Interest Only HELOC is an open-ended line of credit in which your investment property, 1-4 family home or condo, serves as collateral. Borrow what you need, as you need it, until you reach your credit limit. Our rates adjust only ONCE ANNUALLY, no matter how many times the Prime Rate may change!

Learn More Call to apply today!

Central One borrowers may qualify for loss of life, disability and unemployment security protection on their Central One loans.

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Our Member Protect program provides relief in the event that you lose your job due to no fault of your own, become disabled due to injury or illness, or pass away. This is a voluntary loan-payment protection product that helps you get relief from the financial burden of delinquency, default, or foreclosure if a protected life event unexpectedly happens to you.

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  • APR: Annual Percentage Rate

    100% Loan to Value Home Equity Line of Credit (HELOC) Disclosures:

    *Less first mortgage balance.

    **Max loan amount is $250,000. Title search fees may apply for properties outside of Worcester County or properties obtained through a foreclosure deed.

     

    Home Equity Line of Credit (HELOC) Disclosure: Variable interest rate as low as Prime minus 1%. Floor rate is 3.25% APR. The Prime Rate is published by the Wall Street Journal; the current Prime rate can be found at the WSJ website. Rate adjustment occurs once per year on the 15th of the month of account anniversary. Max APR is 17.5%. Actual rate will be determined based on credit history, term, loan to value and other factors. Home must be owner-occupied or second home. Borrow up to 80% of the appraised value of your home less first mortgage balance or 70% of the tax-assessment value less first mortgage balance. Only pay interest on the funds you borrow. Minimum line amount of $7,500. Flexible payment terms of up to 30 years. Interest may be tax deductible (consult your tax advisor). No closing costs for properties within Worcester County with loans of $250,000 or less (except appraisal and title search if required). Any loan amount over $250,000 will require an appraisal. Title search fees may apply for properties outside of Worcester County or properties obtained through a foreclosure deed. Property and flood insurance may be required. Other restrictions may apply. All loan programs, rates, terms and conditions are subject to change. Call a lending specialist at 800-527-1017 for more information.

    100% Home Equity Line of Credit (HELOC) Disclosure: Variable interest rate as low as Prime minus 1%. Floor rate is 3.25% APR. The Prime Rate is published by the Wall Street Journal; the current Prime rate can be found at the WSJ website. Rate adjustment occurs once per year on the 15th of the month of account anniversary. Max APR is 17.5%. Actual rate will be determined based on credit history, term, loan to value and other factors. Borrow up to 100% of the appraised value of your home less first mortgage balance or 70% of the tax-assessment value less first mortgage balance. Only pay interest on the funds you borrow. Minimum line amount of $7,500. Flexible payment terms of up to 30 years. Interest may be tax deductible (consult your tax advisor). No closing costs for properties within Worcester County with loans of $250,000 or less (except appraisal and title search if required). Title search fees may apply for properties outside of Worcester County or properties obtained through a foreclosure deed. Property and flood insurance may be required. Minimum credit score of 660. Other restrictions may apply. All loan programs, rates, terms and conditions are subject to change. Call a lending specialist at 800-527-1017 for more information.

    Investment Interest Home Equity Line of Credit (HELOC) Disclosures: 1 Variable interest rate as low as Prime plus 1%. Floor rate is 3.25% APR. The Prime Rate is published by the Wall Street Journal; the current Prime rate can be found at the WSJ website. Rate adjustment occurs once per year on the 15th of the month of account anniversary. Max APR is 17.5%. Actual rate will be determined based on credit history, term, loan to value and other factors. Minimum line amount of $7,500. Interest may be tax deductible (consult your tax advisor).2 Investment property must be 1-4 family homes or condos. No commercial retail property. Borrow up to 80% of the appraised value of your home less first mortgage balance or 70% of the tax-assessment value less first mortgage balance. Only pay interest on the funds you borrow. Other restrictions may apply. All loan programs, rates, terms and conditions are subject to change. Call a lending specialist at 800-527-1017 for more information.

Latest Rates

All Rates

24 Month

as low as 5.12 % APR

36 Month

as low as 5.62 % APR

48 Month

as low as 5.74 % APR

Rates as low as 5.12% APR**

Monthly Payment

Loan Amount
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Rate
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