MAXIMUM LOAN AMOUNTS & CLTV RATIOS: For loans of $5,000.00 to $250,000.00, the maximum CLTV ratio is 80%. For loans of $250,000.01 to $500,000.00, the maximum CLTV ratio is 75%. For loans over $500,000.00, the maximum CLTV ratio is 65%. Condominiums- maximum loan amount $50,000.00 and maximum CLTV is 75%. CLTV (Combined Loan- to-Value Ratio)
Home Equity Line of Credit/Credit Card
Rates as low as 3.75% APR***
Rate is variable and is based on the prime rate of 4.00% as published in The Wall Street Journal and includes a 1/4% discount for automatic payment transfer from EFFCU account or payroll deduction. Cannot be combined with any other offer. Generous Credit Lines up to $150,000 with CLTV 80% or less. Condominiums - maximum loan amount $50,000.00 and maximum CLTV is 75%. INTEREST ONLY Home Equity Line of Credit/Credit Card
Rates as low as 3.75% APR***
Rate is variable and is based on the prime rate of 4.00% as published in The Wall Street Journal and includes a 1/4% discount for automatic payment transfer from EFFCU account or payroll deduction. Cannot be combined with any other offer. Generous Credit Lines up to $150,000 with CLTV 80% or less. Condominiums - maximum loan mount $50,000.00 and maximum CLTV is 75%. Home Equity Line of Credit
Rates as low as 3.75% APR***
Rate is variable and is based on the prime rate of 4.00% as published in The Wall Street Journal and includes a 1/4% discount for automatic payment transfer from EFFCU account or payroll deduction. Cannot be combined with any other offer. Generous Credit Lines up to 150,000.01 to 1,000,000.00. (Refer to Maximum Loan Amounts & CLTV Ratios) Loans over $750,000 are subject to 50% of closing costs.
INTEREST ONLY Home Equity Line of Credit
Rates as low as 3.75% APR***
Rate is variable and is based on the prime rate of 4.00% as published in The Wall Street Journal and includes a 1/4% discount for automatic payment transfer from EFFCU account or payroll deduction. Cannot be combined with any other offer. Generous Credit Lines up to 150,000.01 to $1,000,000.00. (Refer to Maximum Loan Amounts & CLTV Ratios) Loans over $750,000 are subject to 50% of closing costs.
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*Rate is fixed and includes a 1/4% discount for automatic payment transfer from an EFFCU account or payroll deduction. All rates shown may not apply to every borrower.
***APR is the Annual Percentage Rate. Maximum APR 18% for HELOC products. All Rates and terms are subject to change without notice.
All Credit Union loans are granted on the basis of creditworthiness, ability to repay and acceptable collateral. EFFCU reserves the right to limit the maximum CLTV ratio that it will finance. |