Member Services

Home Equity Lines of Credit

 

 

CCU Home Line Equity Line of Credit

  • Whether funding a college education, making home improvements, taking a vacation of a lifetime or consolidating debt, Coventry Credit Union's Home Equity Line of Credit puts it all within your reach.
  • CCU will finance up to 80% of the value of your 1-4- family owner occupied home minus the first mortgage loan.
  • Draw period is 10 years with a fifteen year repayment schedule at the end of the draw period. During the draw period, payments will be due monthly. Your minimum monthly payment will equal the amount accrued interest and credit insurance premiums (if any) or $50.00 whichever is greater.
  • Financing up to 80% value of residence
  • Prime rate with no closing costs
  • Fast turn around and friendly service

Home Equity Line Rates

 

 

Rates Effective as of March 16, 2017

DISCLOSURE: Coventry Credit Union provides loan rates based on a risk rate schedule. The risk rate schedule carefully evaluates an applicant's credit history, debt to income ratio, assets, and job stability. Coventry Credit Union is competitive in the market. Completing an application gives our loan officers the tools to provide you a rate that works for your financial needs.

APR = Annual Percentage Rate

Some Restrictions Apply. Rates Are Subject to Change at anytime without notice.

 

Home Equity Loans

Equity Loans (Closed End)

  • The security is a mortgage on your home.
  • CCU will finance up to 80% of the value of your 1-4 family owner-occupied home minus your first mortgage balance.
  • Terms of repayment range from 36 months to 240 months.
  • Payments can be made automatically from your checking or savings account or by cash or check.
  • Fixed Rate Term Loans are offered
  • Financing up to 80% value of residence

Home Equity Loan Rates

 

Home Equity PLUS Loan Rates

 

Rates Effective as of March 16, 2017

DISCLOSURE: Coventry Credit Union provides loan rates based on a risk rate schedule. The risk rate schedule carefully evaluates an applicant's credit history, debt to income ratio, assets, and job stability. Coventry Credit Union is competitive in the market. Completing an application gives our loan officers the tools to provide you a rate that works for your financial needs.

APR = Annual Percentage Rate

Some Restrictions Apply. Rates Are Subject to Change at anytime without notice.

 

 

USA Patriot Act:  Important Information About Procedures for Filing a Loan Application with Coventry Credit Union. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.   What this means for you is that when you file a loan application with us, we will ask you for your name, address, date of birth and other information that will allow us to identify you.  We will also ask to see your driver's license or other identifying documents no later than at the time the loan is closed.