Fixed Rate/Fixed Term Home Equity

Home equity loans are available for any reason: home improvements, a new car, education or even refinancing a first mortgage with a better rate. We have numerous terms available at very competitive rates. There is a minimum loan amount of $10,000.00 and the maximum loan amount depends on each borrower’s individual circumstances.

You will receive a lump sum for the amount of the loan, which can be used for the intended purpose and repaid for the term of the loan. The interest rate on a home equity loan is fixed for the life of the loan and they are available for 5-year, 7-year and 10-year terms.

The interest paid on home equity loans is generally tax deductible, regardless of the use of the funds. For specific tax information, please contact your tax advisor.

Home Equity Loans*
TypeApprox. TermAPR
Fixed Rate/Term5-Year3.50%
Fixed Rate/Term7-Year4.00%
Fixed Rate/Term10-Year4.75%
Variable Rate HELOC15-YearVariable Currently
4.36%
Line of Credit Thought Bubble plus squirrel

*Approximate Terms are based on type of loan, collateral value, amount borrowed and member credit worthiness.

APR = ANNUAL PERCENTAGE RATE. All rates are subject to change without notice. Rates disclosed are the lowest available. Actual rates may differ based upon on the type of loan, term of loan and member credit worthiness. All loan approvals are subject to Timberland FCU Lending Policies and Procedures.

Home Equity Line of Credit

Don’t let the equity you have in your home just sit and waste away. Consolidation, medical or education expenses, whatever your needs, put the equity that you have in your home to work.

Borrow as you need it without having to reapply. Borrow up to 80% of the equity that you have in your home. Draw against your established line of credit for up to 15-Years for whatever need may arise.

Contact us today to see how a Home Equity Line of Credit can benefit you.

The interest paid on home equity loans is generally tax deductible, regardless of the use of the funds. For specific tax information, please contact your tax advisor.

*If you have any questions, please call us at 814-371-2676, or send us a message.*