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Home > Current Rates > Home Equity Rates

Home Equity Rates

Home Equity Line of Credit*
(Effective: January 1, 2012)
Program
 		APR
Fixed for first 6 months
(No Points. No Closing Costs.)
1.740%
Prime thereafter
3.250%
*Annual Percentage Rate (APR) as of 12/1/11 and subject to change. Initial rate of 1.74% APR is fixed for the first 6 months requiring payment from an active Dexter CU checking account and an initial disbursement of $15,000 or more immediately after the three day rescission period. Thereafter the interest is variable based on the Prime Rate as published in the Wall Street Journal 30 days before the date of any rate adjustment. As of 11/28/11, Prime Rate was 3.25%. Lifetime interest cap of 21% with a minimum rate of 3.00%. Offer available for owner-occupied 1-4 family residences only. New lines only or increase to existing line of $15,000. Other rates and terms available. Offer subject to change without notice. 80% financing available. Membership is required and is satisfied with a minimum deposit of $25. Not available for homes currently for sale or intended to be sold. Property insurance is required. Flood insurance may be required. Trust review fees will apply. Early closure fee may apply. Other restrictions may apply. Consult a tax advisor about deductibility of interest.


Home Equity Loan*
(Effective: January 1, 2012)
Program
 		Term
 		APR
 		Monthly Payments
per $1000 borrowed
Home Equity Loan
3 years
3.990%
 $29.52
5 years
4.490%
 $18.64
7 years
4.740%
 $14.02
10 years
4.990%
 $10.61
15 years
5.240%
 $8.04
20 years
5.490%
 $6.88
*Annual Percentage Rates (APRs) listed above include a .25% discount with automatic payments from a Dexter Credit Union checking account. Available on 1-4 family owner-occupied properties. 80% financing available. Certain restrictions may apply. Property insurance is required. Flood insurance may be required. Trust review fees will apply. Interest rate will be determined by individual credit worthiness. Consult a tax advisor about deductibility of interest.