Loans

FIXED RATE MORTGAGES
We offer various fixed rate mortgage programs. The interest rate remains the same throughout the length of the loan, whether the duration of the loan is for 10, 15, 20 or even 30 years.

ADJUSTABLE RATE MORTGAGES
We offer various adjustable rate mortgage programs. An adjustable rate mortgage (ARM) has an interest rate that varies over the term of the loan. The main advantage of an ARM is that you’ll start out with a lower interest rate, and therefore smaller mortgage payments, in the early years when you’re still getting on your financial feet.

HOME EQUITY LOANS
We offer home equity loans which allow the member to borrow against his or her home’s accumulated equity without disturbing his/her savings or other investments. Home Equity Loans have a low fixed interest rate with a fixed term and no points.

HOME EQUITY LINES OF CREDIT
We offer home equity lines of credit (HELOC) which act more like a credit card. Members are allowed to borrow up to a certain amount for the life of the loan — a time limit set by the Credit Union. During that time, members can withdraw money as they need it. Home Equity Lines of Credit have a low interest rate and no points.

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