Home Equity Loans

Whether it be vacation, education, bill consolidation, home improvements, tax money or a new car, your home’s equity can provide you the cash you need.

You can choose how best to use your home’s equity with one of two Stark Federal Credit Union Home Equity Programs:

Home Equity Line of Credit

  • Borrow from $5,000 to $75,000
  • Borrow money when you need it
  • Variable rate
  • Pay a minimum of 1% of the balance or $100, whichever is greater
  • Term up to 15 years

Click here for Home Equity Line of Credit disclosures.

Fixed-Rate Home Equity Loan

  • Borrow from $5,000 to $100,000
  • Borrow a fixed dollar amount
  • Fixed rate
  • Lower fixed monthly payments
  • Term up to 20 years

Both options allow you to borrow up to 84.9% of the appraised value of your home, minus your outstanding mortgage balance. Your interest may also be tax deductible. (Always consult your tax advisor regarding the deductibility of interest before making any tax-related borrowing decisions.)

PRODUCTTERMRATE
Mortgage
Low Loan to Value Program
Call 330.493.7602 for current rates
Home Equity Line of Credit **Less than 85% loan to value ratio5.50% APR variable
Home Equity Loan (Fixed Rate) **0 - 60 months5.50% APR fixed*
60 - 120 months5.50% APR fixed*
120 - 180 months5.75% APR fixed*
181 - 240 months6.25% APR fixed*

Apply for a Home Equity Loan

 

All rates are subject to change.
** APR = Annual Percentage Rate. Rates and terms subject to change. HELOC requires low annual fee of $60. Maximum possible rate is 18%. Consult your tax advisor for potential tax benefits. Click here for more disclosures.
For more information about home equity lines of credit read, "What you should know about Home Equity Lines of Credit."
*** Rate based upon Personalized Lending Program. Call our office at 330-493-7602 for your personalized lending quote.
The estimated monthly payment can be calculated by using our calculator and entering the amount you wish to borrow, the loan term you request and the appropriate interest rate for the loan purpose that you wish to borrow.