Rates are current as of June 1, 2017
All vehicle loans: $5,000 minimum vehicle value
APR: (Annual Percentage Rates). Rates and terms are subject to change without approval or notice. HRCU is federally insured by the National Credit Union Administration. Equal Opportunity Lender.
HELOC: Rates may vary and adjust semi annually based on the Wall Street Journal Prime Rate (index) plus .50% APR (Margin) for up to 80% LTV. Maximum lifetime interest rate will never exceed 18% APR. Loan to Value (LTV) the available amount to borrow is 80% of appraised value less outstanding balance on first mortgage.
HEL and HELOC: 80% maximum loan to value (LTV). (LTV) calculation is dependent upon the appraised value of your home. Real estate must be first or second lien. 1-4 family owner occupied residential property. Some states charge a mortgage recording tax. Homeowners insurance is required. Flood insurance required for properties designated in flood zones. Consult your tax advisor regarding interest deductibility. Equal Opportunity Lender. Minimum Loan Amount $10,000.
HRCU will finance up to the Manufacturer’s Suggested Retail Price (MSRP) plus tax and tags for a new vehicle. HRCU will finance up to 125% of the value of the vehicle for a used or refinanced vehicle based on NADA, Kelly Blue Book or other authorized guide when determining used vehicle values. Minimum loan amount is $5,000. The interest rate applied may be up to 2.5% higher based on the applicants credit score, debt ratio or vehicle value. HRCU makes all final determinations regarding the vehicle value and applied interest rate. Rates and terms are subject to change without prior approval or notice. See the LOANLINER Credit and Security Agreements available from the credit union. HRCU is federally insured by the National Credit Union Administration. Equal Opportunity Lender.