Fixed rate home equity loans are still available. However, the home equity line of credit is suspended until further notice due to current interest rate environment.
Auburn Community Federal Credit Union offers low loan rates for both home equity loans and a home equity line of credit.
If you’re ready to start the application process…
Low Home Equity Loan Rates
A home equity loan is a great way to cover major life expenses. Home equity loans are backed by the value of your home.
Home Equity Loan - 3 Year Term
| Annual Percentage Rate - As Low As* | Security |
|---|---|
| 4.99% | First Lien Position |
| 4.99% | Second Lien Position |
- Minimum Loan Amount: $5,000
- Maximum Loan Amount: 80% Loan to Value
- Member pays all closing costs, including NYS Mortgage Tax, County Clerk Taxes & Recording Fees
Home Equity Loan - 5 Year Term
| Annual Percentage Rate - As Low As* | Security |
|---|---|
| 5.24% Closing Costs: $0 ^ | First Lien Position |
| 5.49% Closing Costs: $0 ^ | Second Lien Position |
- Minimum Loan Amount: $10,000
- Maximum Loan Amount: 80% Loan to Value
^ Closing costs are subject to recapture if loan/line is closed within 36 months of origination.
Home Equity Loan - 7 Year Term
| Annual Percentage Rate - As Low As* | Security |
|---|---|
| 5.49% Closing Costs: $0 ^ | First Lien Position |
| 5.74% Closing Costs: $0 ^ | Second Lien Position |
- Minimum Loan Amount: $10,000
- Maximum Loan Amount: 80% Loan to Value
^ Closing costs are subject to recapture if loan/line is closed within 36 months of origination.
Home Equity Loan - 10 Year Term
| Annual Percentage Rate - As Low As* | Security |
|---|---|
| 5.74% Closing Costs: $0 ^ | First Lien Position |
| 6.24% Closing Costs: $0 ^ | Second Lien Position |
- Minimum Loan Amount: $10,000
- Maximum Loan Amount: 80% Loan to Value
^ Closing costs are subject to recapture if loan/line is closed within 36 months of origination.
Home Equity Loan - 15 Year Term
| Annual Percentage Rate - As Low As* | Security |
|---|---|
| 5.99% Closing Costs: $0 ^ | First Lien Position |
| 6.49% Closing Costs: $0 ^ | Second Lien Position |
- Minimum Loan Amount: $10,000
- Maximum Loan Amount: 80% Loan to Value
^ Closing costs are subject to recapture if loan/line is closed within 36 months of origination.
Have you found a rate that looks like it might be a good fit for you? Contact us to get started.
Low Home Equity Line of Credit Rates
In addition to home equity loan rates, Auburn Community FCU offers affordable rates on a home equity line of credit. A home equity line of credit is also backed by the value of your home, but the funds from a home equity line of credit can be accessed when you need them. Learn more about a home equity line of credit.
Home Equity Line of Credit - Product Currently Not Available
| Annual Percentage Rate - As Low As* | Term |
|---|---|
| Prime | Up to 180 Months |
- This product is currently not available due to the current interest rate environment.
- Prime Rate as of September 19, 2024 : 8.00%
- FLOOR RATE = 4.50%
- Minimum Draw at Closing is $15,000. Closing costs are not added to the loan.
Prime= Prime Rate published in the Money Rates column of the Wall Street Journal. When a range of rates has been published, the highest rate will be used. We will use the most recent index value available to us as of 45 days before the date of any quarterly percentage rate adjustment. Wall Street Journal Prime rate as of September 19, 2024 is 8.00%. The APR may vary monthly and will not go below the Floor Rate of 4.50% and will not exceed 18.00%. Fees and Closing costs can range from $10.00 to $1,500.00. For more details, please contact our Loan Department.
Minimum Line Amount: $20,000
Maximum Line Amount: 80% Loan to Value
Draw Period: First five years of line of credit.
Take Advantage of Our Low Home Equity Loan Rates & Home Equity Line of Credit Rates Today. If you’d like to speak with our loan specialists about a home equity loan or home equity line of credit…
