Alliance Credit Union
800.232.8669 Routing Number : 321176804
800.232.8669   Routing Number : 321176804

Home Equity

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Home Equity Line of Credit** All rates effective as of
Description
APR
Application Fee
Closing Costs
Loan to Value (LTV) varies As low as 5.50% None Yes

*Subject to change without notice.

The minimum home equity credit line is $12,000 and the maximum is $250,000. The minimum payment will equal interest only during the 15 year draw period. After the 15 years, the draw period will close and further advances will not be available. The loan will then be recalculated to pay the loan off in an additional 15 years. Rate assigned depends on loan-to-value ratio on property and creditworthiness of borrower. APR is variable. Maximum lifetime variable APR on all lines of credit is 18%. We may have paid third party fees on your behalf ranging from $0-$1,000. We will charge you for reimbursement of any fees paid on your behalf if you close the plan within 36 months of opening. Applies to all loans in CA but only loan amounts exceeding $150,000 in NC. Borrower to pay appraisal fee, if an appraisal is needed.

Our Home Equity Line of Credit is a variable rate line of credit tied to the Prime Rate as published in the Wall Street Journal. We will use the most recent index available to us as of the most recent business day and onto which we add our margin.

Second Mortgage Loan - Fixed Rate & Fixed Term

Description
Term
APR
Application Fee
Closing Costs
Loan to Value (LTV) varies 60 Months As low as 3.99% None Yes
Loan to Value (LTV) varies 120 Months As low as 4.99% None Yes
Loan to Value (LTV) varies 180 Months As low as 5.49% None Yes

 


Notes for Alliance Home Equity Line of Credit and Second Mortgage Loans:

Property must be the member's single family, owner occupied primary residence; California and North Carolina properties only. Mobile homes are excluded. Ask Alliance Credit Union for more details on variable equity lines and fixed-rate second mortgage loans.

As an Equal Opportunity Lender, Alliance Credit Union is committed to protecting your rights to buy and sell a home.

**Rate discounts do not apply to Home Equity Lines of Credit, or Visa accounts.

These rates are current as of today, but are subject to change at any time.


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