The dream of becoming debt-free, upgrading your home, and making repairs can be a reality.
Great rates as low as 6.25% APR* on HELOCs
A home equity line of credit (HELOC) is a variable-rate second mortgage loan that’s secured by the equity in your home. You can access as little or as much as you need at any time, up to the line limit. Some great features and benefits of a HELOC include:
- Borrow up to 90%** of your home’s value
- No minimum draw is required
- No application fee
- Money for renovations and repairs
- Funds available for unexpected expenses
- Pay off high-interest debt
- Fund major life events
Adjusts every 5 years 6.25% APR
**APR = Annual Percentage Rate. Rate is “as low as” and may change based on credit history, loan to value, and other determining factors. The Home Equity Line of Credit (HELOC) is a variable rate loan. Variable rates are tied to market index (or prime rate). The maximum APR that can apply is 18%. HELOC rates will be fixed for the first 5 years and will adjust every 5 years thereafter. A $75 annual fee may apply and a termination fee of $250 may be applied if the loan is closed withing 36 months. Credit is subject to approval; not all applicants will qualify. Payment example: A HELOC with a balance of $100,000 would have an estimated payment of $857.45 per month at 6.25% rate over 180 months. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice. Equal housing lender. NMLS ID 411386
**Only applies on second lien HELOCs when FreeStar Financial is in first lien position. Otherwise, 80% is the maximum.
MILITARY RATE DISCOUNT TERMS: Eligibility for a 1% rate discount on certain loan products, excluding mortgages, holiday loans, business loans, courtesy pay loans, loyalty lines of credit, military line of credit, and promotional loan rate offers. This offer is available to active duty military personnel, veterans, and retirees. To qualify, military members must establish a full direct deposit in their name to a checking account. Any monthly direct deposits totaling less than $1,100 per month will not be eligible for the discount. Discount subject to qualification and can change without notice. Military status verification: Verification of military status is required. Acceptable proof includes military ID, retirement ID, or DD214 (certificate of release or discharge from active duty). Terms and conditions apply.
