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Homework: use your home equity with no closing costs

When you have equity in your home, you have options. Use the equity in your home for home improvements or debt consolidation and we’ll pay your closing costs.1

Home Equity Line of Credit (HELOC)

  • Borrow money as you need it
  • Intro rate of 2.99% APR for the first 12 months, as low as 3.50% APR variable thereafter2
  • Learn more

Second mortgage

  • Pay for a one-time expense
  • Fixed interest rate
  • Learn more

Here to help

Apply online for a
Apply online for a
Home Equity Line of Credit

Call a Mortgage Loan Specialist
Call a Mortgage Loan Specialist
301.779.8500 ext. 4045

Visit one of our
Visit one of our
branch locations

 

1 Closing costs on second mortgages with a minimum loan amount of $10,000 and home equity lines of credit (HELOC) with an advance on the line of credit of $10,000 at the time of closing will be paid by the Credit Union. Promotion available through June 30, 2021. Other restrictions may apply. The closing costs will be recouped by the Credit Union if the loan is paid off and closed within three years. All applicants must meet membership eligibility requirements.
2 Loans subject to credit qualifications and approval. The Home Equity Line of Credit offers an introductory rate of 2.99% Annual Percentage Rate (APR) for the first 12 months. Rate thereafter is a variable rate based on The Wall Street Journal Prime Rate plus/minus a margin, adjusted quarterly. The Annual Percentage Rate (APR) for this variable rate product is based upon The Wall Street Journal Prime Rate rounded to the nearest 1/4%(Index), plus the applicable margin. Rate Changes: The Annual Percentage rate can change quarterly on the first day of January, April, July and October after the expiration of any discount period. The rate cannot increase or decrease more than one percentage point at each adjustment; this limitation does not apply to the adjustment occurring after a discount period expires. The maximum Annual Percentage Rate that can apply is 12% or the maximum permitted by law, whichever is less. However, under no circumstances will your Annual Percentage Rate go below 3.50% any time during the term of the plan unless it is during a discount period. Homeowner’s insurance is required.

 

Auto loans that make the grade

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