Home Equity Loans & Lines of Credit
Low rates, great repayment terms, and our experienced team on your side – get a home equity loan or home equity line of credit with Centris to pursue your financial goals.
Get the Money You Need, When You Need It
Home Renovations
Debt Consolidation
Emergency ExpensesHome equity loans can provide the money you need at lower interest rates than other options, including personal loans and credit cards.
Work with Our Friendly, Professional Team
Our team takes pride in working directly with our members to help them achieve their unique financial goals. We’ll work with you to make sure you’re getting exactly what you need from your home equity loan. Get in touch with our team today to get started.
About Home Equity Loans & Lines of Credit
How Home Equity Loans Work
A home equity loan is a way to draw on money using your home as collateral. Essentially, it’s a second mortgage on your home that gives you a lump sum of money to use for things like home renovations, emergency expenses, and more. Because you’re using your home as collateral, you’re able to receive low fixed rates. This is one of the biggest advantages of home equity loans.
Advantages of Home Equity Loans*
- Lower interest rates than other common loan options
- Fixed rates with predictable payments
- One of the best loan options for large sums of money
- Great for large projects that you’ll complete at once (such as a bathroom renovation)
How Home Equity Lines of Credit Work
A HELOC is similar to home equity loans in most ways, except you’re not receiving a lump sum. Instead of getting a loan for a specific amount, you get approved for an amount you can borrow on an as-needed basis. You can pay off what you’ve borrowed, and then borrow again, making a HELOC a very flexible loan option.
Advantages of HELOC**
- Borrow when you need it
- Pay off your current balance at any time and borrow again
- Flexibility in how the funds are used
- Great for homes that need ongoing repairs here and there
Current Rates
Home Equity Loans
81-90% Financing
| Term | Fixed APR |
|---|---|
| 48-72 Months | As low as 5.74%* |
| 73-120 Months | As low as 6.25%* |
| 121-180 Months | As low as 6.25%* |
0-80% Financing
| Term | Fixed APR |
|---|---|
| 48-72 Months | As low as 4.50%* |
| 73-120 Months | As low as 5.00%* |
| 121-180 Months | As low as 5.00%* |
Home Equity Line of Credit
| 12 Month Introductory Rate | APR |
|---|---|
| LTV 0-80 | Variable* as low as .99% |
| LTV 81-90 | Variable* as low as .99% |
| Rate After Introductory Period | APR |
|---|---|
| LTV 0-80 | Variable* as low as 4.75% |
| LTV 81-90 | Variable* as low as 5.50% |
Apply for Your Home Equity Loan
Contact our team to start the application process for a home equity loan or line of credit.
*Rates may vary based on individual creditworthiness, term of loan and underwriting factors. Subject to credit approval. Minimum loan amount for a home equity loan is $10,000. Programs, rates, terms and conditions are subject to change without notice. Inquire at Centris for complete terms and conditions at (800) 334-2328.
**VARIABLE RATE INFORMATION: The Annual Percentage Rate (APR) is accurate as of January 1, 2020 and may vary quarterly. The APR is based on the Wall Street Journal Prime Rate. The introductory rate will be in effect for 12 months. Thereafter, the APR will be based on the prime rate plus a margin of up to 2.00%. The maximum APR that may apply is 18%. Loan fees and closing costs may vary between $400-$500. During the repayment period at years 11-20, payment is calculated at 1.5% of amount owed or $100, whichever is greater. Other restrictions may apply. All loans subject to credit approval. Minimum loan amount for home equity line of credit is $10,000. Federally insured by NCUA. The rates may vary based on individual creditworthiness and underwriting factors. Programs, rates, terms and conditions are subject to change without notice.
