Make It Happen…

Get the money you need for any good reason. Consolidate bills, make home improvements, purchase a new vehicle or pay for an education. Simply choose the low interest Home Equity Loan or Line of Credit you need. Your credit union covers all or most of the closing costs. Even better, the interest is usually tax-deductible.*

Closing is fast and easy too In most cases, it takes only 30 to 45 days and can take place at home or at the Credit Union office Home must be owner occupied.

Home Equity Line of Credit

A Home Equity Line of Credit from Hudson River Financial allows you to draw funds using the equity in your home as you see fit during the 5 year draw period.

Fixed Rate Home Equity Loan

Your rate and monthly payment is fixed for the term of your loan. It’s the right choice when you want to know exactly how much your payment will be every month.

Home Equity Variable Rate Loan

Borrow the money you want at a great variable low rate. Your rate has a floor of 4.00% APR and is adjusted once every year. Choose a term up to 20 years and borrow from $10,000 up to 75% of your home’s value.

Applying Is Fast & Easy

If you need help choosing the best home equity loan option for your budget, call or stop by the credit union. You can also apply online.

Home Equity Rates

*APR = Annual Percentage Rate. All rates subject to change without notice and are for qualified borrowers. Complete loan details are available at the credit union.

Info and/or TermsAPR*
Home Equity Line of Credit**
4.0% Floor
5 Year draw period with repayment followed by a 10 year repayment period
as low as3.99%
10 Year Fixed Term
Minimum Loan Amount $10,000
as low as5.75%
Variable
4.0% Floor
2.0% Margin Over 1 Year Treasury (20 Year Amortization) 1 Year Reset
Minimum Loan Amount $10,000
as low as4.00%
**3.99% for first 12 months, Prime Rate thereafter.  Home Equity Line of Credit APR is calculated based on the highest Prime Rate published in the Wall Street Journal (the "Index") as of the more recent calendar date of January 1st or July 1st in the current calendar year, plus a margin of 0.00%.  75% loan to value maximum and a minimum line amount of $10,000. In order to qualify for the 3.99% introductory rate, applicant must have a median credit score of 710 or higher.  For the first 12 months of the plan, the periodic rate will be fixed at an interest rate of 3.99% at the time of closing.  To determine the periodic rate that will apply to the plan after the first 12 months, we will subtract a margin of 0.000% from the value of the index.   The APR will never increase by more than 2% during a physical year, and after the first 12 months of this plan, under no circumstances will your APR go below 4.00% during the remaining term of the plan.   All loans are subject to credit approval.  Rate, terms and conditions are subject to change without notice and may vary based on creditworthiness, qualifications, and collateral conditions. Not all applicants will qualify. Loan-to-value restrictions apply.  Listed rates are terms are accurate as of January 14th, 2019 and are subject to change without notice.

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