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Rates

Key Features

  • Competitive Rates
  • Local Processing
  • Ongoing/Seasonal Needs

Are you a member of Hershey Federal Credit Union?

If you are not a member, please continue to the application. If you are a member, please log in to online banking to apply.

INTRO PROMOTIONAL FIXED RATE OF

 

REGULAR HOME EQUITY LINE OF CREDT RATE OF

2.75%

APR FOR A 5-YEAR TERM2

 

3.25% APR2

  • Fixed rate terms up to 15 years 1,3
  • Low variable indexed to Prime
  • The existing equity in your home is used as collateral
    • Up to 85% loan to value
    • Loan amounts from $5,000
  • No application fees and no closing costs3
  • Debt protection available
  • Revolving credit
    • As principal is repaid, more becomes available for use
    • Only pay interest on what you spend
    • Draw period of 10-years

For More Information

View our HELOC Important Terms (PDF), What You Should Know, HELOC Informational Sheet, and informative HELOC Booklet (PDF).

Fixed Rate

Variable Rate & Payment

   

    Choose stability of a fixed rate & monthly payment.                 Balances start at variable rate with fluctuating payments.

    Great for large home improvement projects,                               Great for home improvements, consolidating debt,                     debt consolidation & paying major expenses.                              or unexpected expenses.

 

 

 

Are you a member of Hershey Federal Credit Union?

If you are not a member, please continue to the application. If you are a member, please log in to online banking to apply.

1     All rates are annual percentage rate (A.P.R.) Actual rates are based on credit worthiness of applicants. All loans are subject to approval.

2     EquiLOC (Home Equity Line of Credit) has a minimum $5,000 line amount to open. The advertised regular line of credit rate is based on Prime Rates published in the Wall Street Journal on the last business day of the previous month plus or minus a margin with a floor of 3.00%. Maximum rate of 18%. Your APR may vary.

  Fixed Term Option: You may lock in all or a portion of your line as a fixed term loan with up to two fixed terms at one time. Minimum $5,000 in new loan advances required to qualify for promotion fixed rate. Promotional fixed rate applies on locked-in portion of your balances. Balances you choose to lock in at the fixed rate of interest must be repaid in substantially equal monthly payments of principal and interest. The total monthly payment under the Line of Credit will include repayment of the total of all advances under the Line of Credit to date, in addition to and including the advance(s) for fixed term lock option(s).                Fees: Hershey Federal Credit Union will pay all closing costs in conjunction with the Line of Credit agreement. If your Line of Credit is paid in full and closed within 36 months, you may be required to reimburse all third-party fees paid on your behalf upon closing your account. Property insurance is required. Borrower will be required to pay the appraisal cost if a full appraisal is required. Other restrictions or conditions may apply. This offer may be withdrawn at any time.