Home Equity

Rates are effective as of 9/20/2023.

Fixed Rate Home Equity Loans (80% CLTV)

Product/TermsAPR*Payment Per $1,000 Borrowed
5 year fixed rate 6.25%$19.45 (60 mo.)
10 year fixed rate6.50%$11.35 (120 mo.)
15 year fixed rate6.75%$ 8.85 (180 mo.)
20 year fixed rate7.00%$7.75 (240 mo.)

Fixed-Rate Home Equity Loan

  • *Annual Percentage Rate. Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater.
  • Borrow up to 80% of the equity in your home. Minimum loan amount $10,000.
  • Available on 1–4 family owner occupied properties
  • Property and casualty insurance required. Flood insurance required if property in flood zone

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Fixed Rate Home Equity Loans (100% CLTV)

Product/TermsAPR*Payment Per $1,000 Borrowed
5 year fixed rate7.25%$19.92 (60 mo.)
10 year fixed rate7.50%$11.87 (120 mo.)
15 year fixed rate7.75%$9.41 (180 mo.)
20 year fixed rate8.00%$8.36 (240 mo.)

Fixed-Rate Home Equity Loan

  • *Annual Percentage Rate. Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater.
  • Borrow between 80.01% – 100% of the equity in your home. Minimum loan amount $10,000.
  • Available on 1–2 family owner-occupied properties.
  • Property and casualty insurance required. Flood insurance required if property in flood zone

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Home Equity Line of Credit (80% CLTV)

Product/TermsAPR*Amortization Type / Term
Special Introductory Rate3.99%Fixed** / 12-month

*Annual Percentage Rate. Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater.

**Special Introductory Rate fixed for the first 12 months, then becomes a variable rate with a maximum potential rate of 15%. The rate is based on Prime Rate as published in the Wall Street Journal on the first business day of each month MINUS 0.50%, not to go below 3% (floor rate). The current Prime Rate is 8.50%.

Home Equity Line of Credit (variable rate)

  • Borrow up to 80% of the equity in your home. Minimum loan amount $10,000.
  • Available on 1–4 family owner occupied properties
  • Property and casualty insurance required. Flood insurance required if property in flood zone
  • 10 Year Draw Period, 10 Year Repayment Period.

Apply Now

Home Equity Line of Credit (100% CLTV)

Product/TermsAPR*Amortization Type / Term
Special Introductory Rate4.99%Fixed** / 12-month

*Annual Percentage Rate. Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater.

**Special Introductory Rate fixed for the first 12 months, then becomes a variable rate with a maximum potential rate of 15%. The rate is based on Prime Rate as published in the Wall Street Journal on the first business day of each month PLUS 0.50%, not to go below 4% (floor rate). The current Prime Rate is 8.50%.

Home Equity Line of Credit (variable rate)

  • Borrow between to 80.01% – 100% of the equity in your home. Minimum loan amount $10,000.
  • Available on 1–2 family owner-occupied properties.
  • Property and casualty insurance required. Flood insurance required if property in flood zone.
  • 10 Year Draw Period, 10 Year Repayment Period.

Apply Now

For additional information, please call 413-739-6961 or email mortgage@freedom.coop