All of those home projects you've been dreaming about? It's time to make them happen.
More brick for your buck.
Yep, you're seeing that correctly. With our Home Equity Loan, you can borrow up to 133%¹ of your home's equity for home repairs and improvements. Or borrow up to 100%³ of your home's equity for anything you desire with either a Home Equity Line of Credit or Home Equity Loan.
- Home Equity Loans² + Home Equity Line of Credit⁴
- Easy online application
- Trusted local lender
With that kind of borrowing power, the only limit is your imagination.
- Kitchen remodel
- New back deck
- Energy-efficient windows
- Finishing the basement
- Insulating the attic
- And so much more
Two borrowing options for endless possibilities.
Borrow up to 133%¹ loan-to-value
All of those home projects you've been dreaming about? It's time to make them happen. Borrow up to 133%¹ of your home's equity for home repairs and improvements--up to $250,000.
Apply now Call us to get started
Applies only to Home Equity Loans²
Borrow up to 100%³ loan-to-value
Looking to use your home's equity for something other than home repairs and improvements? Expand the possibilities of your home's equity to consolidate debt, pay college tuition, book a dream vacation or tackle anything else your heart desires, using up to 100%³ of your home's loan-to-value.
Apply now Call us to get started
Applies to both Home Equity Loans² and Home Equity Lines of Credit (HELOC)⁴
- A Home Equity Loan gives you a lump sum of money upfront, like borrowing from a savings account. In this case (for a limited time) that lump sum can be up to 133%¹ of your home’s loan-to-value! You pay that loan back in fixed monthly payments. A Home Equity Line of Credit is like a credit card that allows you to borrow money when needed, up to a certain limit, and pay it back over time.
- "Loan-to-value" (LTV) is a ratio that shows how much you want to borrow compared to your home's value. For example, if your home is worth $100,000 and you want to borrow $80,000, your LTV is 80%. Lenders use this to decide on loan approval and interest rates.
- Yes, your credit score affects your eligibility for a home equity loan or line of credit. Higher scores make it easier to qualify and may get you better terms like lower interest rates. Lower scores can still qualify but could mean higher rates. Give us a call today to discuss your options with an expert.
- For a home equity loan, you'll usually have fixed monthly payments over 5 to 30 years. With a home equity line of credit (HELOC), there's a draw period where you can borrow, usually 5 to 10 years, followed by a repayment period, typically 10 to 20 years.
The process is simple:
1
Complete the online application, give us a call at (570) 823-6836, or stop by one of our five branch locations.
2
If you’re not already a member, we’ll get that taken care of while your loan is being processed.
3
Close on your Home Equity Loan or Line of Credit at any one of our six branches. That's it, you're done!
“We have worked with this bank (the same wonderful woman) for years. She has helped us refinance our home loan twice, has given us helpful information and was completely professional while still being friendly.”
Cross Valley FCU Member
Restrictions and qualifications apply. Ability to borrow up to 133% loan-to-value (LTV) applies to Home Equity Loans and is specific to home improvements determined by the loan underwriter. This offer is subject to change without notice. Credit union membership required.
Home Equity Loan Restrictions and Requirements: Eligibility for loans up to 133% loan-to-value (LTV) depend on the borrower’s credit score, LTV ratio, property type, proposed use of funds and other factors we may lawfully consider. 133% LTV only applies to qualified home renovations and home improvements deemed applicable by the underwriter. Membership requirements apply. Contact credit union for full loan details. Maximum Term is 180 months.
Restrictions and qualifications apply. Ability to borrow up to 100% loan-to-value (LTV) applies to Home Equity Loans and Home Equity Lines of Credit (HELOC). This offer is subject to change without notice. Credit union membership required.
Home Equity Line of Credit (HELOC) Restrictions and Requirements: Eligibility for credit lines up to 100% loan-to-value (LTV) depend on the borrower’s credit score, LTV ratio, property type, proposed use of funds and other factors we may lawfully consider. Annual percentage rate can change semi-annually on the first day of January and July. Rate cannot increase or decrease more than 2% in any one year period. The maximum APR is 18.00% or the maximum permitted by regulation, whichever is less. The minimum APR is 3.00% at any time during the plan. Rates and terms subject to change without notice. Membership requirements apply.. Contact credit union for full loan details. Maximum draw is 60 months. Maximum payment term is 180 months.
