If you’ve got big plans, a HOME EQUITY LOAN can help make them a reality. Whether it’s home improvement or taking the vacation of a lifetime, let SunWest help set your plans in motion…
With competitive rates and flexible terms, our Home Equity Loan offers affordable and convenient financing for:
- New additions
- College, debt consolidation, and more!
|Real Estate Product||Loan Rate||Origination|| APR*
as low as
|Home Equity Loans|
|2nd Mortgage 10 Year LTV<=80%||5.25%||0% Orig.||5.25%||$107.30 on $10,000|
|2nd Mortgage 10 Years LTV>80%||6.90%||0% Orig.5||6.90%||$115.64 on $10,000|
|Home Equity Line of Credit Variable Rate**|
|Home Equity Line of Credit LTV <=80%||0% Orig.||P+0.5%||Payment based on outstanding balance.|
|Home Equity Line of Credit LTV >80%||0% Orig.||P+1%||Payment based on outstanding balance.|
|Home Equity Line of Credit Fixed Rate|
|Home Equity Line of Credit LTV <=80%||4.99%||0% Orig.||4.99%||Payment based on outstanding balance.|
|Home Equity Line of Credit LTV >80%||6.75%||0% Orig.||6.75%||Payment based on outstanding balance.|
** A home equity line of credit is an open-end loan. The rate can vary and is based on prime rate plus a margin. Rates listed are the most current rates. However, they are subject to change. Rates vary based on credit history, loan-to-value, owner occupied status and other factors. Rates range from P + 0% APR (prime rate plus a 0% margin) to 21% APR (maximum APR). The prime rate is based on the published rate in the Wall Street Journal. Rates cannot increase/decrease by more than 2% per year. Closing costs to open a new home equity line of credit range from $200 to $1,200. Real estate payment estimates do not include amounts for taxes and insurance premiums. The actual payment obligation may be greater. For more information about our home equity plans, please contact a credit union representative at 719/561-0804. WSJ prime rate 3.25% effective 4/1/2020.