Home Equity

Home Equity

Looking to consolidate debt, make a home

improvement, go to school or get a little R&R?

Give your house a leading role in achieving your dreams

with a home equity line of credit from Visions.

Life is unscripted. Trust Visions at every stage.

*APR = Annual Percentage Rate. Rates and terms are available on new loans only. Refinancing of existing Visions debt is not allowed. Certain relationships are required to receive rate - ask for details. Credit union membership required with a $25 minimum deposit. Loan rate based on creditworthiness, may vary from the rate shown, and is subject to standard credit criteria. Members may be required to pay closing costs, which can range from $625 to $4,875. Consult your tax advisor regarding interest rate tax deductibility. If you ask, Visions will provide you with an itemization of the fees you will have to pay to third parties. Proof of Property insurance is required. Flood insurance may be required. An Interest-Only HELOC is also available - ask for details. Any-Purpose HELOC: Property must be owner occupied. Principal and interest payments occur during a 10-year draw period with a repayment term of up to 20 years. Maximum CLTV is 80.01%-100% of appraised value, less any outstanding property mortgage with a maximum loan amount of $250,000. Maximum CLTV is up to 80% of appraised value, less any outstanding property mortgage with a maximum loan amount of $500,000. The rate for the first 12 months will be 1.99% APR with an initial advance of $15,000. After the introductory period, the APR will be Prime Rate - 0.25% and may change monthly. As of May 15, 2015, the APR was 3.00%. The Prime Rate is the highest Prime Rate offered in The Wall Street Journal based on the 15th day of the preceding month. Minimum home equity rate is 3.00% APR; maximum APR is 15.8%.


Make Your Home Equity Work for You

You've worked to build equity in your home. It's an investment, and a home equity loan can be the repayment.

Home equity loans tend to have lower rates than other loans because the value you've built in your home acts as security. And the interest you pay on many home equity loans is tax-deductible, helping you save twice.

Some notes: The minimum annual rate is 3% APR for The Any Purpose HELOC and The Interest Only HELOC. The maximum is 15.8% APR or the NCUA limit, whichever is less.

We offer a broad selection of Home Equity Loans:

Fixed Rate Home Equity

You can get 80% - 90% of your equity (appraised value minus first mortgage) up to $250,000 with a maximum term of 15 years. Less than 80% equity up to $500,000.

You'll enjoy low rates and a long-term repayment plan to reduce payments.

Check out our latest fixed-rate home equity rates

Check out our latest home equity line of credit rates

Interest Only HELOC

  • Interest only payments for the five-year draw period.
  • Prime minus 0.25 percent for the life of the loan.
  • 90 percent of equity (appraised value minus first mortgage), up to $100,000.
  • Twenty year repayment term of principle plus interest
  • At the end of the 20 year repayment term you may be required to pay the entire balance in a single "balloon" payment

Any Purpose HELOC

  • Prime minus 0.25 percent for the life of the loan.
  • 80% - 100% of equity (appraised values minus first mortgage) up to $250,000
  • Less than 80% of equity up to $500,000
  • 10-year draw, 20 year repayment term
  • At the end of the 20 year repayment term you may be required to pay the entire balance in a single "balloon" payment

Visions will not subordinate or agree to the assignment of any oil/gas/mineral rights lease to a third party.

Payments referenced do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater.

You may be required to pay certain fees to third parties to open a Fixed Rate Home Equity or Home Equity Line of Credit. If you ask we will provide you with an itemization of the fees you will have to pay to third parties. Certain fees may be considered a finance charge. Proof of home owner's insurance is required. Flood Insurance may be required. Escrow accounts may be required.

Credit Union membership is required with a $25 minimum deposit.

Variable rates may change monthly, on the first of each month, based on the applicable index and margin. The index is determined by using the Prime Rate as advertised in the Wall Street Journal as of the 15th of the previous month. The margin is minus 0.25% with a floor of 3%.

If you would like to apply for a Fixed Rate Home Equity or Home Equity Line of Credit, please apply in your local branch office.

If you would like to apply for a First Mortgage, please visit our Mortgage Section.

Home Improvement

Every homeowner knows this: There's always one more project. Bathrooms are trendy now, and you can save a fortune with a few smart improvements for energy efficiency.

Money put into your house re-pays you two ways: You enjoy your house more - and sometimes more efficiently. And it adds to the home's value should you decide to sell.

One investment, two repayments. Visions knows how to make that happen.