Home Loans

Home loans - Welcome Home

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"Quick and easy, I appreciate that when on a time crunch. I was treated like family. Thank you soo much!!!" - Roxanne R.

    

It’s time to roll out that home-sweet-home “Welcome” mat! Whether you’re in the market for a new house or looking to remodel your current home, we have the perfect loan to fit your needs. Let us customize a financial solution that’s right for you and help you make the best decision for you and your home. 

Home Equity

Is it time to hit “refresh” on your kitchen, bathroom or backyard? From subway tile and granite countertops to a new fire pit or redoing your deck, a HELOC may be just what you need. Let us show you how a HELOC can help you create and turn your dreams into reality.

Home Equity Line of Credit (HELOC)

  • Variable rate with up to 22-year term (10-year draw period)
  • Low rates with affordable repayment terms; payment based on balance
  • Borrow up to $300,000 (up to 90% of your assessed or appraised value)
  • Tap into the line of credit any time you need it 
  • Direct Deposit and Payroll Deduction Payments to fit your unique pay schedule
  • Interest paid may be tax deductible

Learn more by clicking here for your free copy of "What You Should Know About Home Equity Lines of Credit" booklet prepared by the Consumer Financial Protection Bureau. For current HELOC rates, click here. Then Apply Now to get started on your loan application.**

Apply Now

Home Equity Loan (Fixed)

  • Fixed rate with up to 15-year term
  • Low rates with affordable repayment terms
  • Borrow up to $300,000 (up to 90% of your assessed or appraised value)
  • Set payment and interest rate for the life of the loan
  • Receive funds in a lump sum
  • Direct Deposit and Payroll Deduction Payments to fit your unique pay schedule
  • Interest paid may be tax deductible

Check out our Home Equity rates here, then click below to get started on your loan application.^

MORTGAGE

  • 30-year fixed mortgages, FHA loans, VA, USDA programs and more                                                      
  • Professional experts and personable service
  • Low fees & rates
  • Quick and easy loan processing  

  

MORTGAGE RATES 

Rates are effective as of November 23, 2022

Product Rates APR*
30-Year Fixed 5.999% 6.171%
30-Year Fixed (Investment Property) 6.999% 7.122%
15-Year Fixed 5.625% 5.709%

*You must be a member of Providence FCU to receive a loan. Loans are subject to credit approval. APR = Annual Percentage Rate. Rates include a 1% loan fee. Based on $200,000 loan with 20% down. Rates based on purchase of primary residence.  All mortgages are subject to credit approval. You must be a member of Providence FCU to receive a home equity line of credit. Rates are determined by an evaluation of applicant’s credit and may vary. Other restrictions may apply. Contact the Credit Union for details.

**APR (ANNUAL PERCENTAGE RATE). This is a variable rate loan listed in the Loan Rate Schedule. Home Equity Line of Credit is based on the highest Prime Rate as published in The Wall Street Journal on the 15th day of each month (Index) plus a margin. The Index plus the Margin equals the Interest Rate. Changes in the Index will cause changes in the Interest Rate on the first day of each billing cycle. The Interest Rate will never be less than 3.50% or greater than 18.00%. There is a $150 loan origination fee and a $25 loan application fee. No Annual Fee. Some restrictions may apply. The maximum combined loan-to-value for investment properties is 90%.

^There is a $150 loan origination fee and a $25 loan application fee. No Annual Fee. 

ADDITIONAL FEES & COSTS: Title Report and Recording. Appraisal may be required at an additonal cost.