Loan :: Home Equity :: Loans :: Accounts & Services

Home Equity Loans

.25% Rate discount with an ACU Checking Account

Line-of-Credit Rate | Equity Loan Rate | FAQ's | Calculate a payment | Apply Now

Perfect for a one time expense, our fixed rate/term Home Equity Loan offers a fixed principal and interest payment.

Loan Amounts

Up to 90% Loan to Value on owner-occupied properties for qualified borrowers
Up to 70% Loan to Value on non-owner-occupied properties for qualified borrowers
Minimum $5,000
Maximum $200,000 (For higher loan amounts, please contact us.)

Closing Costs

None, unless funds are to used for a bridge loan. See FAQs for details.

Approval time

Usually within 24 hours pending appraisal & title

Term

5, 7, 10 & 15 year fixed or 7 year balloon*

Payment Options

Direct Deposit with Automatic transfer
Payroll deduction†
Home Banking transfer
By phone with A.R.T.
By mail or in person

Rates

.25% Rate discount with an ACU Checking Account

Rates effective as of 11/13/2008

Term	Rates
5 Year	6.24% APR
7 Year	6.49% APR
10 Year	6.74% APR
15 Year	6.99% APR
7 Year Balloon*	6.74% APR

Rates shown above are based on a loan-to-value (LTV) of 85% or less. If the LTV exceeds 85% or property is non-owner occupied, add 1% to the current rate. An early closure fee up to $350 will be assessed if you pay off and close your Home Equity Loan within the first 12 months.

Payment Example & Calculator

Early Closure Fee

A fee up to $350 will be assessed if you pay off and close your Home Equity Loan within the first 12 months.

†At this time, payroll deduction is only available to employees of ANL and Fermilab.
*Payments may be amortized up to 30 years. The entire principal and interest balance is due at the end of seven (7) years. At that time, you may apply to ACU to refinance your balance under the terms and conditions in effect at that time, but ACU is under no obligation to do so.

For more information, e-mail memberservices@argonnecu.org or call our Real Estate Department at (815) 267-7716.