Put Your Home’s Equity to Work For You!
Fixed rate advances as low as 6.5% APR*
For a Limited Time Only
Like a HELOC, you can leverage the equity in your home to receive a line of credit. However, with a HELOC Choice, whenever you use funds from your line of credit, you choose to lock in a fixed rate or keep it variable.
- No closing costs
- Variable rate or fixed rate, you choose when you draw the funds.
- 15 year draw period and up to 15 year repayment periods
- No payments due on the unused portion of your line of credit.
- As you pay towards the principal balance, more of the credit line becomes available again.
- Transfer the funds to your Checking Account or request convenience checks
- Easy to pay online and set-up automatic payments
- Tax advantages may apply (consult your tax adviser)
- Find more information about HELOC Loans.
Choice makes anything possible!
You can also call us at 607-257-8500, toll free at 800-428-8340 or VISIT A BRANCH
Equity is the value of your home, less the existing loan balances. CFCU will allow first or second lender for this loan, but not third. Credit scores are determined by the Credit Reporting Agency. Property Insurance is required. Equal Housing Opportunity Federally Insured by NCUA.
Home Equity Line of Credit (HELOC) - Loan amounts of $15,000 to $150,000 based on creditworthiness. Required 3-year recapture period applies to No Closing Cost loans.
*HELOC Choice Limited Time Promotional Rate - APR=Annual Percentage Rate. 6.5% promo APR applies to fixed-rate HELOC advance and has a maximum 15-year repayment period. One fixed-rate promo advance allowed per line of credit with a maximum of 3 fixed-rate advances. Standard HELOC rates are variable with a maximum APR of 16.00%. Actual APR determined by loan term and/or credit score. Credit scores are determined by the Credit Reporting Agency. Additional requirements may apply such as minimum and maximum loan amounts and maximum loan to value. Required 3-year recapture period applies to No Closing Cost loans. Loans subject to approval. Equal Housing Opportunity. Membership eligibility requirements apply. Federally Insured by NCUA. NMLS #299582.
HOME MORTGAGE DISCLOSURE ACT NOTICE The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau's Web site (www.consumerfinance.gov/hmda).
BORROWER COMPLAINTS AND INQUIRIES CFCU is registered with the New York State Superintendent of Financial Services. You may file complaints and obtain further information about CFCU by contacting the New York State Department of Financial Services Consumer Assistance Unit at 1-800-342-3736 or at www.dfs.ny.gov.