Home Equity Line of Credit
A Home Equity Line of Credit is a secured loan using the borrower's home as collateral. Borrow from $10,000 to $250,000 or up to 90% of the appraised value of your home.
- Proof of your mortgage balance
Life debt protection is available and there are several payment options. So go ahead, let us help you with that home remodel project.
Check our Adjustable Loan Rates.
- Call 520-794-8341 or 800-253-8245 (outside Tucson)
- Visit our Wetmore Branch and ask for our Mortgage Department. (Home Equity Loans offered at this location only.)
NOTE: The consequences of non-payment must be given careful consideration when securing a loan with your home. Please borrow responsibly. Property financed must be in Arizona.
*Adjustable Rate Loan: The index is based on the quarterly average of the Wall Street Journal Prime Rate as stated on the first (1st) work day of each month within the calendar quarters beginning with January, April, July and October (“the Index”) plus a margin of 1.0% and adjusted upward to the nearest 0.250% on loans with a loan-to-value of 80% or less. On loans with a loan-to-value higher than 80%, the rate shall be determined by using the Index plus a margin of 2.0% and adjusted upward to the nearest 0.250%. On Rental/Vacation Property Loans, the rate shall be determined by using the Index plus a margin of 3.0% and adjusted upward to the nearest 0.250%. On Credit Builder Home Equity Loans, the rate shall be determined by using the Index plus a margin of 6.5% and adjusted upward to the nearest 0.250%. The APR shall be subject to modification and adjustment any quarter hereafter until this loan is fully paid and discharged, and shall not exceed the maximum interest rate “cap” of 18%, whichever is less, and shall not decline below the minimum interest rate of 5%.
A complete Truth in Lending Disclosure is provided at Hughes Federal Credit Union.
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