Get access to funds from the home equity you’ve built over time. Cash from home equity can go a long way toward a big purchase or one of life’s curveballs.

Just a few reasons to tap your home equity:

  • Pay off high-interest debt
  • Make renovations or home repairs
  • Finance tuition costs
  • Cover emergency expenses
  • Take a long-overdue vacation

How do HELOCs work? Since it’s a revolving line of credit, you only need to apply once. Once you’re approved, we’ll set a credit limit. You pay interest only on the amount you use.

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    Disclosures

    Home equity line of credit features 10-year draw with 20-year repayment. Interest only during draw period with a minimum monthly payment of $100.00 or the interest accrued, whichever is greater. Interest rate based on credit score and LTV ratio.

    Credit Score/Risk-Based Pricing: A (≥720), B (680‐719), C (661‐679), D (620‐660),1 E (≤619)1
    LLPA added to Par (A) Rate: PAR LLPA .25, LLPA 1.00, LLPA 2.00, LLPA 2.50
    LLPA Cashout Refi >75% LTV: 0.75, 1.50, 2.50, 3.50, 4.00
    Origination fee (points) added to closing costs (first mortgage only). Home Improvement excluded.

    1Requires second approval by Retail Loan Manager, Loan Operations Manager or President.

    2Mortgage APR (retained) will not exceed 3.5% over applicable APOR. Rate may be adjusted lower to comply with this rule (Small Creditor QM).

    3LLPAs exclude Secondary Market Mortgage products. Secondary Market LLPAs apply (see Cuso Pricing Matrix).

    4Max age of mobile home on land is 25 years; in a park, 20 years. Exceptions for age of mobile home considered on a case-by-case basis with additional .50% rate LLPA, max term 15 years.

    5Rates for LTV ratios greater than 80% will be charged an additional .25 (85%) and .50 (up to 90%). Exception needed and for all mortgage and equity products. No additional charge if PMI is utilized.

    Commercial/Non Owner-Occupied Property (1-4 family only), no MH park, first position only, 1% additional add-on for rate, 75% max LTV, 70% max cash out LTV and max term 20 years. If borrower owns more than 4 rental properties, the loan must be submitted to NDBS.

    LLPA (Loan Level Price Adjustment) is an increase in rate added to the Portfolio Loan par rate or origination fees and is determined by applicable credit score, LTV and loan purpose.

    LTV=Loan to Value is a loan amount divided by collateral value (based on purchase price or appraised value, whichever is less).

    Proof of Flood and/or Property Insurance (full coverage required for term of loan) listing Dirigo FCU as lienholder required at closing.

    APR=Annual Percentage Rate. The APR will vary based on loan amount and actual finance charges incurred.

    Payment per thousand is based on the maximum term and does not include amounts for taxes and insurance premiums.

    All rates subject to change without notice.