Home Equity Loans & Lines
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
- Landscaping
- Appliances
- Vacations
- College, debt consolidation, and more!
Current Rates
| Real Estate Product | Loan Rate | Origination | APR* as low as |
Monthly Payment |
|---|---|---|---|---|
| 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. |
* Rates may vary based on your credit history. APR=Annual Percentage Rate.
** 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.
** 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.
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