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Home Equity

When it’s time to take care of home improvements, cover tuition costs or finance a major purchase, a home equity loan may be the perfect option to get the cash you need.

Members can take advantage of two types of home equity loans – a fixed rate Home Equity Loan or a revolving, variable rate Line of Credit.

With a BTCU Fixed-Rate Home Equity Loan you can:

  • Enjoy a fixed interest rate for the life of the loan.
  • Receive your funds in a lump sum — you get the full loan amount at once.
  • Choose from a variety of loan terms.
  • Make fixed monthly payments of principal and interest.
  • Have a predictable payoff schedule.
  • Pay down additional principal balance at any time without penalty.
  • Up to 100% LTV financing.  

BTCU Home Equity Line of Credit is a revolving, variable rate line of credit that uses your home as collateral. BTCU will finance up to 80% LTV. Get easy access to your home equity. If you’re approved, you will only make payments and pay interest on the funds you advance. Loan payments are amortized over 120 months. Advances can be made via our online banking or with our BTCU mobile app.

Did you know? It’s our job to save you money. BTCU makes it easy to refinance your home equity or home equity line of credit. Contact a loan officer by calling 763.315.3888 Option 3 to see how much you can save TODAY!

BTCU NMLS: 407267

Loan Calculator

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Results

Instructions

  • Type in the purchase price, number of payments (months), and annual percentage rate into the corresponding form fields.
  • Click on the button marked Calculate.
  • Your results will appear in the Results box.

Note: This calculator is provided only to give an estimate of your loan. Your monthly payment and total amount paid may vary. Talk to your loan representative for additional details.

Home Equity Line of Credit Rates

Variable-Rate 80% LTV
Rates as low as 4.79% APR 1

1 Annual Percentage Rate “APR” may vary. The maximum APR is 15.00%. Loan is subject to credit approval. Rates are subject to change. Closing costs vary by state. The average cost is $300 but can range from $50 to $2,000. Consult a tax advisor regarding the deductibility of interest.

Home Equity Loan Rates

Fixed-Rate 80% LTV 1
Rates as low as 3.79% APR

Fixed-Rate 100% LTV 2
Rates as low as 4.94% APR

1 Annual Percentage Rate “APR” is fixed for the term of the loan. Actual rate is based on applicant’s credit history and term of loan. Loan is subject to credit approval. Rates are subject to change. Fixed-rate loan payment example: Assume loan amount of $25,000. Monthly payments on an 80% loan-to-value, 5-year amortization at 2.79% APR would equal $446.89. Closing costs vary by state. The average cost is $300 but can range from $50 to $3,000. Consult a tax advisor regarding the deductibility of interest.

2 Annual Percentage Rate “APR” is fixed for the term of the loan. Actual rate is based on applicant’s credit history and term of loan. Loan is subject to credit approval. Rates are subject to change. A minimum credit score of 740 is required to obtain this rate. Fixed-rate loan payment example: Assume loan amount of $25,000. Monthly payments on an 100% loan-to-value, 5-year amortization at 4.94% APR would equal $471.08. Closing costs vary by state. The average cost is $300 but can range from $50 to $3,000. Consult a tax advisor regarding the deductibility of interest.