Home Equity Rates

We charge less so you get more!

  • No closing costs or origination fees
  • Great terms and rates
  • Equity loan & fixed rate advances
No closing costs or origination fees
Great terms and rates
Equity loan & fixed rate advances

Big purchases and big decisions can be stressful

We make it easier at WCCU. Our experts are here to help you decide on the loan you need to finance your next project, refinance your home, pay for college expenses, cover a home repair, and more! We will explain everything, answer all your questions and match you to the loan that fits your needs.
 


HOME EQUITY RATES

Flex Equity Line Of Credit

Program Term APR* Loan Size Monthly Payments per $1000 borrowed
Introductory Rate Special 12 Months 2.750% varies
Line of Credit 3.250% $10,000 - $99,999.99 varies
3.250% $100,000 and above varies
Fixed Rate Advance
5 years 4.125% $18.48
10 years 4.500% $10.37
15 years 4.750% $7.78
*After 12 month introductory rate period, the Annual Percentage Rate (APR) is variable based on the Prime Rate as published in the Wall Street Journal on the last day of each billing cycle and tiered as follows: $10,000-$99,999.99 is Prime - 0.25%, $100,000 and over is Prime - 0.50%. APR will never be more than 18%. 1-4 family owner occupied properties only. 80% maximum combined loan to value. Minimum loan $10,000 (line of credit) $5,000 (fixed rate portion). Maximum loan is $350,000. The plan allows two fixed rate advances from your line at any given time during the 10 year draw period (repayment terms up to 15 years for each draw). Fixed rate advance rates will be those in effect at time of draw. Flood insurance may be required. Property insurance is required. Consult a tax advisor about the deductibility of interest. Other restrictions may apply. A cancellation fee will apply for loans terminated within two years of origination date. Other rates and terms available. Available for new lines only. $50 annual fee will be waived for the 1st year. Offer subject to change at any time. WCCU NMLS ID # 518892.
 

Refi Home Loan

Program Term APR* Monthly Payments per $1000 borrowed
8 Year Refi Home Loan 8 years 3.625% $12.02
12 Year Refi Home Loan 12 years 3.750% $8.625
17 Year Refi Home Loan 17 years 4.375% $6.96
*Annual Percentage Rate (APR) subject to change without notice. Rates shown require an “A” credit score of 680 or above. Rate also reflects a 0.75% point interest rate reduction for automatic loan payments deducted from an “active” WCCU Checking Account (“active” Checking is 6 transactions or more per month and Direct Deposit) which must be scheduled at the time of loan closing. If the above requirements are not met, discount will not apply, and 0.75% will be added to the rate. Owner occupied only. Minimum loan amount is $10,000. Maximum loan amount is $350,000. Not available for New Purchases. Other rates and terms available. Maximum loan-to-value 80%. Other restrictions may apply. Flood insurance may be required. Property insurance is required. Requires First Lien Position. A termination fee not to exceed the lesser of $500 or 2% of the loan amount will apply for loans terminated within two years of origination date. Recording, trust review, and advisory fees apply where applicable. Consult a tax advisor regarding the deductibility of interest. WCCU NMLS ID # 518892.
 

Home Improvement Loan

Term APR* Monthly Payments per $1000 borrowed
5 Years 5.750% $19.23
7 Years 6.000% $14.62
10 Years 6.250% $11.24
*Annual Percentage Rate (APR) is subject to change without notice.

Rates shown are for members with an “A” credit score of 680 or above. Rates also reflect a 0.75% point interest rate reduction for automatic loan payments deducted from an “active” WCCU Checking Account (“active” Checking is 6 transactions or more per month and Direct Deposit) which must be scheduled at the time of loan closing. If the above requirements are not met, discount will not apply, and 0.75% will be added to the rate. Loan terms up to 10 years. Maximum amount that can be borrowed is $50,000. To be used for home improvements. Estimate for the project or an invoice or scope of the completed project is required. See a Loan Representative for more details. Payments do not reflect the addition of Payment Protection.

 

Westerly Community Credit Union is a full-service credit union with Rhode Island branches in Westerly, RichmondWakefield, and Coventry.