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Home Equity Lines of Credit

Think of all the things you buy for your home. Why not let your home buy a few things for you?

You can use your home's equity to pay for a car, medical bills, college tuition, business start-up, home improvements and much more. All you need is a home equity loan or line of credit from Progressions. Talk about easy access to the money you need. And it gets better.

  • 8 Year Draw Period
  • Convenient Access
  • Take Advances Only As You Need Them
  • Up to 85% Loan to Value

The interest on a home equity loan may be tax-deductible, which reduces the cost of borrowing.* Plus, you get a much lower interest rate than you'd pay on a credit card or personal loan because your house serves as collateral.

So you can see that your home isn't just where the heart is --it's where the money is, too. And for low rates and personal service, Progressions is where the right home equity loan is.

85% Loan to Value No Closing Cost Option
1st Deed 5.00% to 12.00% APR 5.50% to 12.50% APR
2nd Deed 5.00% to 12.25% APR 5.50% to 12.75% APR
100% Loan to Value* No Closing Cost Option
1st Deed 5.25% to 13.25% APR 5.75% to 13.75% APR
2nd Deed 5.75% to 13.75% APR 6.25% to 14.25% APR

Contact a Financial Solutions Representative at 535-0191, 1-800-828-8691 or info@progressionscu.org for more information.

OAC. Rate assumes automatic payment. Add .50% APR for other payment methods. The rates published are the lowest and highest possible rates available to qualified borrowers. Your rate may fall within that range. Rates are determined by the loan type, term you request, and your credit history. Rates are subject to change without notice. Consult your tax advisor for tax-deductibility. Variable rate loan. Rates adjusted monthly with a 2% APR annual cap

*100% LTV HELOCs require Mortgage Protection Insurance. This cost will be added to your APR at 1.7%.

  • 85% LTV plan floor = 5.00% APR, maximum = 18% APR
  • 100% LTV plan floor = 5.00% APR, maximum = 18% APR
  • Rates subject to change without notice.
  • 8 year draw period.
  • $50 loan application fee.
  • Other fees (title fees, appraisal fees, etc.) may range from $350 to $1000.
  • Membership required (see savings accounts).

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Phone 535.0191 • Toll-free 1.800.828.8691

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