Home Equity Lines Of Credit
Our home equity lines of credit rates are effective as of 5/4/2023.
Home Equity (80 Ltv)
| Product/Terms | APR* | Payment Per $1,000 Borrowed |
|---|---|---|
| Home Equity Line of Credit** | 7.75% | Revolving |
| Special Intro Rate+ | 1.95% | 12-month |
Home Equity Loan (80 Ltv)
| Product/Terms | APR* | Payment Per $1,000 Borrowed |
|---|---|---|
| 1–5 years, fixed rate | 5.50% | $19.10 (60 mo.) |
| 6–10 years, fixed rate | 5.75% | $10.98 (120 mo.) |
| 11–15 years, fixed rate | 6.00% | $ 8.44 (180 mo.) |
For more information, call us 413-739-6961 or email us at mortgage@freedom.coop.
*Annual Percentage Rate. Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater.
**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 .50%, not to go below 3% (floor rate). Mortgage recording fee paid by borrower.
+Special Intro Rate effective 5/4/2023 and good for 12 months with autopay from a Freedom account. Promotional intro rate subject to end without notice and based on qualified credit. After 12 months, HELOC up to 80% LTV becomes a line of credit with a variable rate ranging from 3% APR to a maximum potential rate of 15%. APR is based on Prime Rate as published in the Wall Street Journal on the 1st business day of each month MINUS .50%. Borrow up to 80% of the equity in your house. Minimum loan amount $10,000. Mortgage recording fee paid by the member. Available on 1–4 family owner occupied properties. Property and casualty insurance required. Flood insurance required if property in flood zone.
Home Equity (80 LTV) Disclosures
Home Equity Line of Credit (variable rate)
- 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 .50%, not to go below 3% (floor rate)
- Borrow up to 80% of the equity in your home. Minimum loan amount $10,000.
- Mortgage recording fee paid by the member. Available on 1–4 family owner occupied properties
- Property and casualty insurance required. Flood insurance required if property in flood zone
Fixed-Rate Home Equity Loan
- Borrow up to 80% of the equity in your home. Minimum loan amount $10,000.
- Mortgage recording fee paid by the credit union. Available on 1–4 family owner occupied properties
- Property and casualty insurance required. Flood insurance required if property in flood zone
Home Equity (100 Ltv)
| Product/Terms | APR* | Payment Per $1,000 Borrowed |
|---|---|---|
| Home Equity Line of Credit** | 8.75% | Revolving |
| Special Intro Rate+ | 2.95% | 12-month |
Home Equity Loan (100 Ltv)
| Product/Terms | APR* | Payment Per $1,000 Borrowed |
|---|---|---|
| 1–5 years, fixed rate | 6.50% | $19.57 (60 mo.) |
| 6–10 years, fixed rate | 6.75% | $11.48 (120 mo.) |
| 11–15 years, fixed rate | 7.00% | $8.99 (180 mo.) |
For more information, call us 413-739-6961 or email us at mortgage@freedom.coop.
*Annual Percentage Rate. Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater.
**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 .50%, not to go below 4% (floor rate). Mortgage recording fee paid by borrower.
+Special Intro Rate effective 5/4/2023 and good for 12 months with autopay from a Freedom account. Promotional intro rate subject to end without notice and based on qualified credit. After 12 months, HELOC 80.01–100% LTV becomes a line of credit with a variable rate ranging from 4% APR to a maximum potential rate of 15%. APR is based on Prime Rate as published in the Wall Street Journal on the 1st business day of each month PLUS .50%. Borrow up to 100% of the equity in your house. Minimum loan amount $10,000. Mortgage recording fee paid by the member. Available on 1–2 family owner-occupied properties. Property and casualty insurance required. Flood insurance required if property in flood zone.
Home Equity (100 Ltv) Disclosures
Home Equity Line of Credit (variable rate)
- 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 .50%, not to go below 4% (floor rate).
- Borrow up to 80.01–100% of the equity in your home. Minimum loan amount $10,000.
- Mortgage recording fee paid by the member. Available on 1–2 family owner-occupied properties.
- Property and casualty insurance required. Flood insurance required if property in flood zone.
Fixed-Rate Home Equity Loan
- Borrow up to 80.01–100% of the equity in your home. Minimum loan amount $10,000.
- Mortgage recording fee paid by the credit union. Available on 1–2 family owner-occupied properties.
- Property and casualty insurance required. Flood insurance required if property in flood zone