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. NEW!  Transfer funds to your checking account and use your checkbook or debit card to make purchases anytime. No additional approvals needed. Complete the transfers within online or mobile banking.

Advantages of a Home Equity Line-of-Credit:

  • Low Closing Costs
  • Credit Limit is Set at Closing - one time application
  • Transfer funds to your checking account anytime via online or mobile banking
  • Use only as needed
  • 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