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Your home is much more than a mailing address or a place to mount your flat screen TV - it's likely your biggest financial asset. As a homeowner, you can borrow against the equity in your home to consolidate and pay down high-interest debts, to finance large, one-time expenses or to keep a lower-interest line of credit open in case of emergencies. At Allegacy, we help you find smarter solutions for borrowing, consolidating or paying off debt. Our array of home equity loans and lines of credit give you the options you need to make your goals achievable.

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Fixed Rate Home Equity Loan
Finance big expenses at a low fixed rate and enjoy predictable payments.

  • Maximum loan amount of $350,000 for primary residence
  • Maximum loan-to-value of 100% for primary residence
  • Payment frequency: monthly

Basic Home Equity Line of Credit
Borrow only what you need, pay it back over time, then take it out again.

  • Open-ended, revolving loan that allows future advances up to the approved credit limit
  • Maximum loan-to-value of 100%¹ for primary residence and 80% for secondary residence
  • Subject to quarterly adjustment

  • (1) This offer is limited to primary or secondary residences. Primary residence qualifies for 100% of the equity with max loan amount of $350,000. Secondary residence qualifies for 80% of the equity with the max loan amount of $100,000. (2) APR is the Annual Percentage Rate. Upon expiration of the 90-day intro period, the APR is variable for the life of the line, based on the Prime Rate, minus 0.25%, with a minimum APR of 4.00%. The maximum APR is 18%. Prime Rate is a variable rate based on the Prime Rate published in the Wall Street Journal on the last business day of the month. As of 10/28/13 the Prime Rate is 3.25. Rates will be adjusted quarterly, as needed.

Get a fixed rate on all or part of your credit line and choose your terms.

  • Convert all or just a portion of your variable rate home equity into multiple fixed rate loans
  • Maximum loan amount of $350,000 for primary residence only
  • Maximum loan-to-value of 100%


Interest-Only Home Equity Line of Credit
Pay only interest for the first 15 years of this variable rate credit line.

  • Draw period of up to 15 years, which is followed by a repayment period of up to 15 years
  • Revolving loan – during the draw period, you may make advances, repay the advances and advance the line of credit again
  • Require a minimum payment of only the monthly interest due

Mortgage Eliminator Loan
Ideal for members with moderate to smaller mortgage loan balances who would like to obtain a lower rate.

  • No closing costs in most cases
  • Maximum loan amount of $750,000 for primary residence or vacation residence
  • Maximum loan-to-value of 80%
  • Payment frequency: Monthly


All loans are subject to credit and property approval. Rates are based on your credit history and profile. Rates and terms are subject to change without notice.

Articles to Help You Decide:

Allegacy is federally insured by NCUA and is an Equal Housing Lender. © 2017 Allegacy Federal Credit Union
Equal Housing Lender NCUA