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Home Equity Loans and Current HE Rates

Home Equity Loan Package for Members Only

A home equity loan is a fixed-rate loan based on the difference between what you owe on your home and its current market value. You receive the full loan proceeds and then pay it back in predictable, fixed monthly payments based on terms up to 20 years. You can borrow up to 80% of the market value of your home (less any other mortgage balances) and pay it back at terms that fit your budget.

Home Equity Loan Rates

To qualify for a Brazos Star Home Equity Loan, the credit union will use the member’s FICO score and To qualify for a Brazos Star Home Equity Loan, the credit union will use the member’s FICO score and other factors for loan approval and to determine the rate of interest on the fixed rate loan. If there are two or more parties to the loan, the credit union will determine the rate of interest by using the combined average of all credit reports.

Rates1 are effective as of May 26, 2022* Interest rates may change at any time.

Interest Rates for First Lien Mortgages

Maximum Terms>740700-739676-699640-675601-639576-600
60 Months3.50%4.00%4.25%4.75%5.50%6.25%
120 Months3.75%4.00%4.50%5.00%6.00%6.75%
180 Months4.00%4.50%4.75%5.50%6.00%
240 Months4.50%4.45%4.95%5.75%6.25%

Interest Rates for Second Lien (Home Equity) Mortgages

Maximum Terms>740700-739676-699640-675601-639576-600
60 Months3.75%4.25%4.50%5.25%6.00%6.25%
120 Months4.00%4.50%5.00%5.50%6.25%6.50%
180 Months4.50%5.00%5.75%6.00%6.50%
240 Months5.00%5.50%6.00%6.50%6.75%

1 Consult with the IRS or a tax professional concerning tax deductible in your specific situation

2 Offer not applicable for mortgage purchase, loans over $249,999, or loans requiring private mortgage insurance (PMI). Borrower is responsible for prepaid closing costs; such as additional prepaid interest, taxes, insurance, and flood insurance, if applicable. If required by lender, fees for a survey or title insurance policy will be the responsibility of the borrower. If the applicant voluntarily requests an appraisal, the appraisal fee will be collected from the applicant upfront and is non-refundable. Individual savings will vary and are not guaranteed. If the Home Equity Loan is paid off in 36 months or less, the closing costs originally paid on behalf of the borrower, will be charged to the loan payoff.

3 Annual Percentage Rate. All rates are expressed “as low as”. Actual rate may vary depending on credit qualifications. Rates and terms are subject to change without notice.