Home Equity Lines
Owner Occupied Equity Line of Credit. The maximum line of credit plus the outstanding first mortgage shall not exceed eighty (80) percent of the appraised value of the real estate. Maximum dollar amount $300,000. Property insurance is required in an amount equal to or greater than the amount of the approved home equity line and 1st mortgage. The Annual Percentage Rate may vary. Annual Percentage Rate is based on the prime rate listed in the Wall Street Journal. Rate will not exceed 18% APR. The Annual Percentage Rate is current as of today’s date and is not guaranteed until a loan contract is executed. All payments will be made up of principal and interest. Fees may apply.
Fixed Rate Home Equity
Loan Owner Occupied Fixed Rate Home Equity Loan. These rates are subject to change at any time and are not guaranteed until a Fixed Rate Home Equity Loan contract is executed. Fixed Rate Home Equity Loans may be approved for up to Eighty Percent (80%) of the appraised value of the real estate, minus First Mortgage balance before minimum dollar amount. Minimum dollar amount is $10,000. Maximum dollar amount $300,000. Property Insurance is required in an amount equal to or greater than the amount of the approved loan and 1st mortgage. Annual Percentage Rate will not exceed 18% APR. Fees may apply. The Annual Percentage Rate is current as of today’s date and is not guaranteed until a loan contract is executed.
WMFCU have partnered with Sirius XM to offer a 3 month free trial to our members with used auto loans. This program is no cost to you and no obligation to continue after the trial. Your vehicle must be equipped with factory installed satellite radio and you must not have participated in a free trial […]
Woburn Municipal FCU now offers MortgageClick®, our online mortgage center. MortgageClick allows credit union members to apply for a 1st mortgage and receive a loan decision, from anywhere with an internet connection 24/7. We offer exceptional personal service, fast decisions and a vast array of competitive rates and products. If you’re a first-time home buyer, […]
The Woburn Municipal FCU offers free checking with no minimum balance requirement and no monthly service charges, the only time there would be a charge is if there were NSF’s or returned checks. Open a checking account today with direct deposit, you’ll be glad you did! Stop in today and let our family take care […]
Home Equity Rates
|Name||Term (in months)||APR||Loan Amounts|
|Home Equity Line 80%||Maximum draw 10 years; repay term 5 years||Prime**||Minimum $10,000 Maximum $300,000|
|Home Equity Loan 80% (fixed/second mtg)||Up to 180 Mos||As Low As 4.99%||Minimum $10,000 Maximum $300,000|
APR - Annual Percentage Rate
* Actual APR based on credit history and term
**PRIME RATE IS CURRENTLY AT 4.25%
Rates are subject to change without notice.