Home Equity Rates

Current as of: 2/15/2019

Home Equity Prime Cut Rate

  • Annual Percentage Rate (APR)1 5.00% APR
1Home Equity Rate: Rate based on qualification. Minimum $10,000 line of credit required on loan-to-value less than 75% with $5,000 initial minimum advance. The annual percentage rate (APR) may vary after the account is opened. Maximum APR 21%. The rate will be the Prime Rate as published in The Wall Street Journal on the last business day of each calendar month, plus an index with a floor rate of 4.10% (if applicable). The current fully indexed rate is 4.75% APR. Closing costs paid by the credit union to a maximum of $350. There are no annual fees; however, Lender may recover origination charges if line is closed within 30 months of opening. Consult your tax advisor concerning the deductibility of interest. Property insurance required.
2Home Equity Intro Rate: The 2.99% introductory Annual Percentage Rate (APR) is for qualified members with a credit score of 675 or above who open a new Home Equity Line of Credit. The 2.99% introductory APR expires 180 days after the date the account is opened, at which time the APR will increase to the non-discount variable rate ranging from 4.25-4.75% APR, based on credit score and combined loan-to-value (total mortgage balances divided by the total value of the house) as determined at time of account opening. If member does not qualify for the 2.99% introductory APR, then the applicable APR is a variable rate ranging from 7.00% to 10.00% based on credit score. Introductory APR is accurate as of 4/1/2018 and is subject to change. Home Equity Loans require a minimum $10,000 line of credit and a combined loan-to-value of 85% CLTV or less. Closing costs paid by the credit union to a maximum of $350. There are no application, annual, maintenance or transaction fees associated with this account; however, Lender may recover origination charges if loan is closed within 30 months of opening. Consult your tax advisor regarding the deductibility of interest. Property insurance required. This offer is good for a limited time only. This offer is not transferable and may not be used in conjunction with any other discounts, offers or coupons. Rate requires Dupaco membership. Account opening subject to qualification and approval. You must live or work in Dupaco's charter area to be eligible for membership.