Home Equity Lines of Credit

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Home Equity Loans

Use funds for education, tuition, home repairs, or other important purposes. Get the cash you need quickly and the interest may be tax-deductible.* Our Home Equity Loans offer low fixed interest rates,** flexible terms, and loan amounts up to $200,000.

Home Equity Lines of Credit (HELOCs)

Home equity lines of credit are easy and economical, and allow you to put the money you’ve invested in your home to work for you for tuition, home improvements, wedding expenses or other special loan needs. Plus the interest may be tax-deductible.*

  • Rates—as low as 4% APR.*
  • No closing costs on owner-occupied properties for loans up to $100,000 with Preferred or Better Than Free Checking.
  • Available for owner-occupied and non-owner occupied properties.
  • Flexible payment options inlcude a 10-year interest only line of credit — keeps your payments low and you always have the option to pay more, or a 5-yearline of credit with a 2% of balance payment. 
  • Interest may be tax-deductible.**

Home equity lines of credit are easy and economical, and they provide maximum flexibility by allowing you to use only what you need—when you need it. Our competitive rates,low fees and top-notch service make Westerra an excellent choice for both your second mortgage!

Fixed rate second mortgage loans with terms up to 15 years are also available for loan amounts up to $200,000.  Apply for a fixed rate second mortgage loan.

View current credit union home equity loan rates.
Apply for a credit union home equity line of credit or schedule an appointment.

*Annual Percentage Rate. Variable rates are based on individual credit history and are subject to change without notice. Limited time offer. Rates adjusted on the first day of the month following a change in Prime Rate, as published in the Wall Street Journal. As of January 1, 2013, variable rate for line of credit is 4.0% APR. The rate will not exceed 18% APR. The floor rate is 4% APR. Rate valid for owner-occupied properties. 1.00% will be added to Prime Rate for non-owner occupied properties. Advertised rate is for Loan to Value (LTV) of 80% or less. Minimum loan amount is $5,000. Minimum monthly payment is $50. A balloon payment may result. Property insurance and security interest in property required. Other loan closing costs may range from $175-$275. Federally insured by the National Credit Union Administration. Equal Housing Lender. To determine your payment amount, visit www.westerracu.com. ** Interest may be tax-deductible, consult your tax advisor. Click here for full disclosures.

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