Whether you are a first-time home buyer, or thinking about a refinance, River Valley Credit Union’s mortgage experts will help you #DreamBIG.
While Conventional Mortgages are the most common choice, there are other options that could be a better fit. Talk to our mortgage experts to see if a VA, FHA, USDA, Land or Construction loan is more beneficial for you.
Ideal for renovations, debt conslidation or large purchases. As you repay the balance, you can reuse your approved credit line for 10 years, then continue payments until you repay the entire balance. Closing costs apply.
Speak to one of our Mortgage Experts! They can answer your questions and help you every step of the way!
|Type||APR*as low as|
|HELP Line of Credit 80% LTV||Prime + 0.0%, $25,000 min**
Prime + 0.5%, under $25,000**
Subject to credit approval and must be borrower’s primary residence. Home Equity loans are also subject to acceptable property appraisal and title search. Minimum Line of Credit amount is $10,000 to a maximum of $100,000. Minimum advance amount of $200.
*APR = Annual Percentage Rate. Rates are variable and subject to change daily.
** Prime + 0.0% APR - As of Dec 31, 2018 the Prime Rate published in the Wall Street Journal was 5.50% resulting in a rate of 5.5% for loans $25,000 and more; and 6% on loans $24,999 and less with a maximum rate of 18%. Finance charges begin to accrue when the line of credit is advanced.
Fees: Appraisal fees range from $300-$325; Title fees: $95