make-a-splash

You’ve invested so much into your home, so why not have your home pay you back?  Hudson River Financial offers two products to help members use the equity in their home to save when they borrow for home improvements, major purchases, and more!

Home Equity Line of Credit

  • Convenient Line of Credit Structure
  • Draw funds using the equity in your home for five years
  • Borrow up to 75% of your home’s value
  • Ten Year Repayment Period
  • Competitive Rates: Currently as low as Prime plus 0.00% APR

Home Equity Loans

  • Competitive Rates and Simple Process
  • Fixed Rate 10-year term Option, Borrow up to 75% of your home’s value
  • NEW Fixed Rate 20-year term Option, Borrow up to 100% of your home’s value

 

Home Equity Rates

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 asPrime + 0.00%
10 Year Fixed Term, 75% Loan To Value (LTV)
Minimum Loan Amount $10,000
as low as5.50%
20 Year Fixed Term, 100% Loan To Value (LTV)
Minimum Loan Amount $10,000
as low as6.50%
*APR: Annual Percentage Rate. 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% to 1.50%. 75% loan to value maximum, minimum line amount of $10,000. To determine the periodic rate that will apply to the plan, 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 your APR will never 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 July 1st, 2019 and are subject to change without notice. Membership Required.*Home Equity Loans: 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. Membership Required.

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