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Home > Personal > Borrow > Home Loans > Home Equity Loan

Choice Home Equity Line of Credit

  • 90%/Borrow Up To
  • No Closing Costs.
  • Variable rate.
  • Maximum term of 15 years.
  • Draw period of 10 years.
  • Minimum initial loan amount of $10,000.
  • Additional advances in $500 increments.
  • Borrow up to 90% of your home’s value, max amt allowed is $250,000.
  • If approved, closing time approximately 30 days.

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Mortgage Program Rates
TypeMaximum Term*APR as low asMinimum Loan AmountAdditional AdvancesAdditional Information
Choice Home Equity1,2 15 Years 4.50% $10,0003 $500 minimum No prepayment penalty No closing costs Offered in most states
Easy-Refinance1 15 Years Call for current rates $25k Not Available Cash-out option available

10 &15 Year Term-$1,500 fixed closing costs
First Mortgage ACU offers low-rate first mortgages in most states.
Rates change daily. Call the Credit Union at 800-245-8112 to check current rates.
Payment ExamplesHELOC- Estimated monthly payment on $10,000 loan with a 15 year term at 4.50% APR is $76.51.
Easy Refinance- Estimated monthly payment on a $25,000 loan with a 15 year term at 4.25% APR is $188.
First Mortgage- Estimated monthly payment on a $25,000 loan with a 30 year term at 4.75% APR is $130

*A.P.R. = Annual Percentage Rate
1 Rate offered will be based on combination of factors including credit score and loan-to-value ratio. Property Insurance is required.
2 Variable rate is subject to change semi-annually. Max rate is 24.00%
3 Maximum line-of-credit is the lesser of: 90% of the Market Value less 1st Mortgage OR $250,000.

Mortgage Calculators

Le’Ann Niece (Ashland, KY)Le’Ann Niece (Ashland, KY)

Mortgage Supervisor/Mortgage Loan Originator (MLO)
NMLS # 1892887

A good home is a place you can always come back to, and a great mortgage is one that helps you get there. Whether you want Conventional, VA, FHA, USDA, or our Easy Refinance; I’ll show you the best fit for your money and situation.

~Le'Ann Niece

* Not available in all states. Please contact us to confirm availability in your area. Not all will qualify for the lowest rate.