Home Equity Loans & Lines of Credit (HELOC) Rates
Loan-to-Value: 80% & Under
| Term Months | APR1 As Low As2 | Payment Per $1000 |
|---|---|---|
| Up to 60 | 6.700% | $19.64 |
| 61 - 84 | 7.145% | $15.15 |
| 85 - 120 | 7.604% | $11.91 |
| 121 - 180 | 9.075% | $10.16 |
| Line of Credit3 | Prime plus 0.00% | $12.13 |
Effective Date:
October 31, 2024
Membership eligibility is required.
1: APR=Annual Percentage Rate. Rates and terms subject to change. Above rates based upon a credit rating of 740 and above and are subject to change based upon borrower's credit history.
2: Rates apply to owner-occupied home loans up to 80% Loan-to-Value (LTV). Closing costs start at $400 and do not include appraisal. If required, appraisal is an additional cost of typically $325-470 and is due upfront. If refinancing a Prime Financial Credit Union loan, an additional $5,000 borrowed is required to qualify for any fee discounts. Homeowner insurance is required.
3: Home Equity Line of Credit (HELOC) Prime plus 0.00% rate (as reported in The Wall Street Journal) applies to 700+ credit score. Rate for 620-699 credit score is Prime plus 1.00%. HELOC rate is adjustable, may change monthly and will not exceed 11.25%. HELOC monthly payment per $1000 based upon minimum payment of 1.00% of outstanding balance. Payment example does not include taxes and insurance premiums.
Loan-to-Value: Over 80%
| Term Months | APR1 As Low As4 | Payment Per $1000 |
|---|---|---|
| Up to 60 | 8.202% | $20.35 |
| 61 - 84 | 9.149% | $16.14 |
| 85 - 120 | 10.611% | $13.53 |
| 121 - 180 | 14.089% | $13.34 |
| Line of Credit5 | Prime plus 2.00% | $13.22 |
Effective Date:
October 31, 2024
Membership eligibility is required.
1: APR=Annual Percentage Rate. Rates and terms subject to change. Above rates based upon a credit rating of 740 and above and are subject to change based upon borrower's credit history.
4: Rates apply to owner-occupied home loans up to 95% Loan-to-Value (LTV) and are based on credit and Debt-to-Income (DTI) qualifications. Closing costs range from $604 to $754 and do not include appraisal. If required, appraisal is an additional cost of typically $325-470 and is due up front. Homeowner insurance is required.
5: Home Equity Line of Credit (HELOC) Prime plus 1.00% rate (as reported in The Wall Street Journal) applies to 700+ credit score. Rate for 620-699 credit score is Prime plus 3.00%. HELOC rate is adjustable, may change monthly and will not exceed 11.25%. HELOC monthly payment per $1000 based upon minimum payment of 1.00% of outstanding balance. Payment example does not include taxes and insurance premiums.
Member Story
"I felt so comfortable with Prime’s guidance during my first loan experience."
Empowering you during every financial decision
NMLS ID 718926 - Equal Housing Opportunity. Membership eligibility is required.