This is only a partial list. Speak with your loan officer to learn if your home improvement project qualifies.
With a home equity line of credit, you can draw on the loan over time with no additional paperwork as you pay down the principal.
Everence Federal Credit Union, NMLS #403410
1 Minimum $25,000 in new money required to qualify for promotional rate. Closing costs range between $229.05-$1,029.05 depending on loan amount, appraisal requirements, and property location. Everence Federal Credit Union will provide a closing credit of $350.00 that will be applied at the time of loan closing. If the home equity line of credit is closed within the first 24 months, the credit will be charged at payoff. Property Insurance required. Terms, costs and conditions subject to change without prior notice. Applications subject to approval.
2 Sample term: If you borrow $25,000.00 at 2.99% APR for a 10-year term your estimated monthly payment may be $241.29.
3 Sample term: If you borrow $25,000 at 3.49% APR for a 15-year term your estimated monthly payment may be $178.60.
4 A credit of up to $350 will be applied toward closing costs for home equity loans of $25,000 and above. If the home equity loan is closed within the first 24 months, the credit will be charged at payoff.
3 Discount applicable with 10 year and 15 year fixed rate home equity loans. Documentation of home improvements required.