This is a comparison of our Line-of-Credit plans

ANNUAL PRIME +0

Up to 90% Program:

  • Index - Prime Rate
  • Margin - +0%
  • Floor - 7.50%
  • Ceiling - 18.00%
  • Annual Cap - 2.00%
  • Annual Rate Change

Rate may change annually September 1st

ANNUAL PRIME +1

Up to 90% Program:

  • Index - Prime Rate
  • Margin - +1%
  • Floor - 4.00%
  • Ceiling - 18.00%
  • Annual Cap - None
  • Annual Rate Change

Rate may change the 1st of the month following the anniversary date of loan origination

QUARTERLY PRIME +0

Up to 90% Program:

  • Index - Prime Rate
  • Margin - +0%
  • Floor - 4.00%
  • Ceiling - 18.00%
  • Annual Cap - none
  • Quarterly Rate Change

Rate may change on the 1st of January, April, July, and October

Home Equity Line-of-Credit

A Home Equity Line-of-Credit is an ideal program when you want funds readily accessible in a quick and convenient manner. Your credit limit is set at closing which allows you the convenience of advancing money only when you need it.

Advantages of a Home Equity Line-of-Credit:

  • Low Closing Costs
  • Credit Limit is Set at Closing - one time application
  • Use only as needed
  • 10-year draw period
  • Repayment terms up to 180-months
  • Only pay interest on the funds you advance
  • Loans remain at ServU FCU
  • Interest may be tax deductible-consult your tax advisor
  • Convenient payroll deduction
  • Variable Rate Feature