CorePlus Credit Union

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Smart Banking. Community Trusted.

Our low rate HELOC
can make it happen.

Home Equity Lines of Credit

Our Home Equity Lines of Credit (HELOC) provides immediate cash for major purchases or expenses. You write checks directly from your HELOC checkbook as you need funds.

We have two Home Equity Lines of CrediT programs to meet your needs that provide for immediate accessibility of your home’s equity, when you need it. With an extended draw period, once your HELOC is opened, you can access your line whenever your need it for up to 10 years! See the Rates Page for today’s HELOC Rate.

P&I Home Equity Lines of Credit | allows for 15 year repayment calculation during your draw period

  • Variable rates as low as 3.0%*
  • LTV’s up to 90* (680 or higher credit score required)
  • Loan amounts up to $200,000.00

Interest Only Home Equity Lines of Credit | allows for interest only payment during the draw period

  • Variable rates as low as Prime
  • LTV’s up to 80%
  • Loan amounts up to $150,000.00

*Annual Percentage Rate for your Home Equity Line of Credit is based on credit score, which will determine how your rate is related to the prime rate. Rates listed above are for Principle and Interest HELOC, and 800 minimum credit score. The offset to the prime rate (“margin”) ranges from prime -.50% to prime +2.00%, with an interest rate floor of 3.00%-4.00%. This plan features a 10 year draw period and 15 year repayment period if any balances are owed at the end of the draw period. Payments are calculated at 1/180th of the balance owed each month during the life of the loan. This plan has a variable rate feature and the Annual Percentage Rate (APR) corresponding to the periodic rate and the minimum payment may change as a result. Limited to 1-4 unit, owner occupied homes not listed for sale, residentially zoned properties located in Connecticut or Rhode Island with a maximum loan amount of $200,000, 80% MAX LTV.

 

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  • The website you are linking to is not operated by CorePlus Credit Union.
  • We are not responsible for any content or information posted to this external website.
  • CorePlus Credit Union is not responsible, nor do we represent you or the external website if you enter any agreements.
  • Privacy and Security policies may differ between our website and the external site.

YOU ARE ABOUT TO LEAVE THE COREPLUS WEBSITE.

 

  • The website you are linking to is not operated by CorePlus Credit Union.
  • We are not responsible for any content or information posted to this external website.
  • CorePlus Credit Union is not responsible, nor do we represent you or the external website if you enter any agreements.
  • Privacy and Security policies may differ between our website and the external site.

YOU ARE ABOUT TO LEAVE THE COREPLUS WEBSITE.

 

  • The website you are linking to is not operated by CorePlus Credit Union.
  • We are not responsible for any content or information posted to this external website.
  • CorePlus Credit Union is not responsible, nor do we represent you or the external website if you enter any agreements.
  • Privacy and Security policies may differ between our website and the external site.

PLEASE READ CAREFULLY
BEFORE YOU APPLY.

In order to process your application, you must answer the question below. Questions answered dishonestly will result in your application being denied.

 

 

 

Are you a current member of CorePlus Credit Union or do you live, work, or worship in New London County, Connecticut or Windham County, Connecticut?