Home Equity Loan
Turn Your Equity into Opportunity
Tackle home projects, consolidate debt, or cover life’s unexpected expenses with our flexible Home Equity Line of Credit — all with no closing costs* and convenient access to funds when you need them most. With rates improving, now could be a smart time to put your home’s equity to work.
The regular variable rate is subject to change quarterly based on an index i.e., the Prime Rate as published in the Wall Street Journal 45 days prior to each change of January 1, April 1, July 1, and October 1 of each year plus a margin of 0%. The minimum APR is 4.00% and the maximum APR is 18%. The minimum Home Equity Line of Credit amount is $10,000.00. *If an in-person appraisal is needed, the cost will not be covered by Connected Credit Union.
How to Apply
Our loan team is ready to assist you! Call today at (207) 623-3857 in Augusta or (207) 872-2636 in Winslow to discuss your home equity options with a loan officer.
Home Equity Line of Credit
- Regular Variable Rate*
- Based on index and margin
- 1st or 2nd position
- Maximum Loan to value of 80%
Unlock the equity in your home today. A home equity loan is a great way to complete those home projects or make improvements to your living space. Let us help you make your home the best it can be with a low-rate HELOC and a payment to fit your budget.
*The regular variable rate is subject to change quarterly based on an index i.e., the Prime Rate as published in the Wall Street Journal 45 days prior to each change of January 1, April 1, July 1, and October 1 of each year plus a margin of 0%. The minimum APR is 4.00% and the maximum APR is 18%. The minimum Home Equity Line of Credit amount is $10,000.00 and fees to establish the plan are generally between $350 - $700.