Being a homeowner unlocks new possibilities!
Save money by using secure loan options with the lowest rates. Your home’s equity is the key to simplifying your budget and paying for future renovations.
Save money by using secure loan options with the lowest rates. Your home’s equity is the key to simplifying your budget and paying for future renovations.
Roll up the costs of multiple renovations into one loan.
Cover your child care costs or any back-to-school expenses for yourself or your kids
Pay off those high-interest debts and wrap up your bills into one easy, low-interest payment.
Life happens. When you’re faced with unexpected bills or ongoing illness, your home’s equity can give you extra support.
Home Equity Line of Credit (HELOC)1
HELOC benefits include:
Home Equity Loan (HE-Loan)2
Move multiple debts into one, and save money on interest! Known typically as a second mortgage, a home equity loan (HE-Loan) can simplify the way you pay your bills.HE-LOAN benefits include:
1APR=Annual Percentage Rate. The variable APR for a Home Equity Line of Credit is the lowest available and is the introductory APR for the first 6 months. Your qualified APR for the initial 6 months and beyond is determined by various factors and will be disclosed to you at final approval. At this time the fixed margin may vary from .0 to +4.375% over the variable index (Prime Rate as published in the Wall Street Journal on the 15th day of the prior month). After the initial 6 months, your qualified APR may adjust up or down based on the movement of the Index but never more frequently than every 6 months and is limited to a maximum of 1% for each occurrence. The APR will never be lower than 5.00% and can never increase more than 6% over your qualified APR (maximum 18%). Interest rate adjustments may result in an increase in your payment amount and loan term. Closing Cost Fees up to $650.00 will be paid by the Credit Union (excluding full appraisal) with an advance of at least $10,000 on the day of disbursement (repayment of ACU debt excluded). Achieva offers this benefit up to two times per property. Property insurance is required. Minimum loan amount is $10,000.
2APR=Annual Percentage Rate. As of 10/17/2022, rates on a 15-year, second position home equity loan of $50,000 are as low as 5.392% APR with a loan-to-value (LTV) ratio of 70% or less. Rates vary, are subject to change and are based on an evaluation of various factors which will be disclosed to you at final approval. Average closing costs for loan amounts of up to $50,000, range from $867. to $2,564. On a 15-year loan of $50,000 at 5.392% APR, the estimated monthly payment would be $401.94. Payment amount does not include taxes and insurance premiums; the actual payment obligation will be greater. Contact your tax advisor for tax implications. Property insurance is required. Minimum loan amount is $30,000. Other restrictions may apply. NMLS #402501.
