Home Equity Line of Credit

Home equity line of credit (HELOC) from Alpha CU comes with low rates and benefits which help your long term financial stability.

Owner Occupied Equity Loan

• The maximum line of credit plus the outstanding first mortgage shall not exceed eighty (80) percent of the appraised value of the real estate or seventy (70) percent of the market value.
• Maximum dollar amount $100,000.
• Property insurance is required in an amount equal to or greater than the amount of the approved line of credit.
• The Annual Percentage Rate may vary.
• Annual Percentage Rate is based on the prime rate listed in the Wall Street Journal minus 0.25%.
• Rate will not exceed 18% APR. Fees may range from $0 to $800.00.
• The Annual Percentage Rate is current as of today’s date and is not guaranteed until a loan contract is executed.