Cinfed's Home Equity Line of Credit (HELOC) continues to get rave reviews from members who have taken advantage of the equity accumulated in their home to satisfy a variety of financing needs. Cinfed bases quarterly adjustments of HELOC Account rates on the Prime Rate.
• Rates as low as 3.00 APR*
• Borrow up to 85% of the equity in your home!
• Same low rate no matter how small or large your balance!
• Easy access to funds with free HELOC checks!
> HELOC Application (print and mail)
> HELOC Application (online)
Rates accurate as of Friday, August 2, 2019.
NOTE: Rate adjusts quarterly.
No points or fees if you have your 1st mortgage with Cinfed. $35 annual fee if you do not have 1st mortgage with us; 10 year draw period; Up to 10 year repayment period; $5,000 minimum loan amount.
* APR (Annual Percentage Rate) based upon 80% maximum LTV (Loan-to-Value); Rates higher for financing up to 85% LTV
LTV = Total amount owed on home divided by the appraised value of home.
Appraised value of home = $100,000
Total amount borrowed (includes 1st & 2nd Mortgage) = $80,000
Total amount borrowed (includes 1st & 2nd Mortgage) = 80% LTV