Planning a big home improvement project in the summer? Thinking about that dream vacation? Maybe you need some help paying tuition next school year.
Whatever is important to you is just as important to us. We back that up with a Home Equity Line of Credit with variable rates as low as 3.74% (Prime -.51%) that helps make you happy at home!
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*Subject to membership eligibility and creditworthiness. Variable rate will be prime – .26% or prime -.51% for the duration of the line of credit. Ohio Catholic FCU must be in the first lien position. Rate may change monthly. Your home equity contract rate is variable based on the Wall Street Journal Prime Rate, on your creditworthiness, and OCFCU’s lending policies. Your rate will vary but will never exceed 18.00% and never fall below 3.00%. LTV of 79.99% or less. Cannot refinance an existing Ohio Catholic FCU loan or line of credit. This offer is only available on owner occupied homes. To qualify for the promotional rate of prime-.26% off: (i) your credit score must be 760 or above. To earn an additional .25% off: (i) you must make an initial minimum draw on the line of $10,000 or more for a six month period or longer to get the promotional rate; (ii) minimum draw funds may be directed and the member asked for proof of payments (iii) minimum $50,000 line required; (iv) $250,000 maximum limit allowed; (v) must open up a new OCFCU checking account with payroll direct deposit; sign up for a debit card; and HELOC payments must be auto-paid from this account monthly. Failure to meet these requirements can result in losing the 0.25% additional discount. Property insurance required. Flood insurance may be required. The HELOC must stay open a minimum of 24 months or all services fees must be repaid to the credit union. Maximum line of credit repayment period is 240 months. Other terms and conditions may apply. OCFCU may discontinue or change program without notice. Please contact your tax advisor to determine any tax benefits. Ohio Catholic is an Equal Housing Lender. Monthly Payments will be $100 or 1% of the HELOC balance, whichever is greater. Promotion valid through August 31, 2017.