1.844.825.6728  |  support@valorcu.org  |  Routing # 231386331

Home Equity

Let your home work for you

Harness the Equity

Rates

Term (in years) Rate Range (APR*)
5 Year (Fixed) 2.75% - 6.00%1
7 Year (Fixed) 3.75% - 6.99%1
10 Year (Fixed) 3.99% - 7.49%1
15 Year (Fixed) 4.99% - 7.75%1
20 Year 2.99%5 - 4.00%2

Contact a member service representative by calling 1.844.825.6728 or visit one of our branches to discuss your needs or apply for a loan.

About

You work hard for your home, so why not let your home work for you? Home Equity loans are designed to use the value of your home to help you pay for repairs, renovations, college, vacation, debt consolidation, along with many other expenses.

What is Equity?

Equity is defined as "residual value of a business or property beyond any mortgage thereon and liability therein." In other words, the longer you have paid on your house, the more equity you have built.

You can calculate the equity in your home simply by using the following formula:

Value of Home x 80% - Outstanding mortgage balance = Available Equity in Your Home

Member's Choice Borrower Security

Life can be unpredictable so it's important to have the right protection in place, even on your loans. For that reason, we offer a new program called Member's Choice Borrower Security in the case that if something happens to you, your loved ones aren't responsible for paying your debt.

There are three program options to choose from: Loss of Life, Disability, Loss of Life & Disability, and Loss of Life, Disability and Involuntary Unemployment. Each option offers a low-cost premium that is built right into your monthly loan payment making it one less thing to worry about. Plus, as you pay down your loan, the premium goes down as well.


Mortgage Loan Originators

List of MLOs and their NMLS ID number
Conditions & Notes

* Annual Percentage Rate
1 Rate determined by credit worthiness. If Loan to Value (LTV) is greater than 80% then an additional 1.00% may be added to qualified rate.
2 Annual Percentage Rates subject to change at any time. Rate is based on prime rate.
3 Disclosure: *APR = Annual Percentage Rate. Home Equity Line of Credit Rates start as low as 2.75% Fixed APR for 5 years, 3.75% Fixed APR for 7 years, 3.99% Fixed APR for 10 years and 4.99% Fixed APR for 15 years. Rate based on credit worthiness For all stated maturities, the draw period is limited to the first three (3) years. Limited time offer. Rates and terms subject to change without notice. Some restrictions apply. **A recapture fee of appraisal and closing costs, estimated at $475, will apply if loan is satisfied within the first three (3) years. Current Valor CU Home Equity Loans are excluded. Contact credit union for complete terms and conditions.
5 2.99% APR applies on 20-year HELOC opened during the promo period and advances taken during the first year of the loan. After 12 months from the open date all balances will revert to the current rate at the time based on the original loan disclosures. Rate based on credit score of 680 or above for all new HELOCs. For existing 20-year HELOCs that are in their draw period according to the original loan agreement, rate only applies if advance taken during the promo period. All current balances will remain at the current rate based on the original loan disclosures. The date of the first draw starts the promo period. After 12 months from that date the rate will revert to the current rate at the time based on the original loan disclosure. Combined LTV must not be greater than 80%. A recapture fee of closing costs will apply if loan is paid off within 3 years. Limited time offer. Rates and terms subject to change without notice. Some restrictions may apply. Contact credit union for complete terms and conditions.
Please note all online loan applications are viewed during normal business hours.


Rates current as of: 11/21/2016

Promotions

Inspire Design Ideas
LIMITED TIME
  • Propel your design dreams to reality when you utilize a home equity line of credit to fund a new renovation project. Choose from 5, 7, 10, or 15 year terms with no appraisal fees or closing costs.13

    Plus, for a limited time Valor is offering no appraisal fees and no closing costs on our Home Equity Loans and Lines of Credit saving you up to $600!

Get 2.99% Annual Percentage Rate5 for 12 months on a Home Equity Line of Credit!
LIMITED TIME
  • Update, renovate, or consolidate. Do some home renovations, consolidate debts, or alleviate stress a relaxing vacation. However you choose to freshen up in the new year get it done with a low-rate HELOC from Valor!