Credit Union NY – Apply for Home Loans

Home Loans

Thinking of some home improvements, getting a pool, or just need extra cash, consider one of your lowest-cost resources – the equity in your home. With Ontario Shores FCU, we have two options that may work for you.

Home Equity Line of Credit (HELOC)

A Home Equity Line of Credit gives you the flexibility to borrow funds as you need them. The line can be reused as it is paid down, without applying for a new loan. Using your line of credit is as easy as writing a check.

Home Equity Line of Credit offers:

Adjustable rate – adjusts quarterly
10 year draw period
15 years to repay after each draw
Rates based on Prime +/- a margin and based on credit score*
No need to reapply during draw period
Tax deductible (Consult your tax advisor)
Minimum loan amount $10,000; with subsequent draws of $1,000

The possibilities are endless…

Home Improvement
Cars or Campers
Debt Consolidation
Vacation
Educational Expenses
And More!

Home Equity Fixed Rate/Fixed Amount Loan

A traditional fixed rate home equity loan that provides you the ability to borrow against your home, but offers these features:

Fixed rate
Terms from 5 to 15 years
Rates based on credit score*
Tax deductible (Consult your tax advisor)

Online Loan Application Contact Us