Low Rate Home Equity Loans
Make the most of your hard work with a home equity loan from Argent Credit Union.
Already applied?
Home Equity Loan Rates
5 Year Fixed – 80% LTV
Apply NowA fixed rate Home Equity provides you with the security of a monthly payment that doesn’t change.
5
Maximum Loan-to-Value (LTV)
80%
5 Years
4.490%
$
Taxes & insurance not included, therefore the actual payment obligation will be greater.
5 Year Fixed – 90% LTV
Apply NowA fixed rate Home Equity provides you with the security of a monthly payment that doesn’t change.
5
Maximum Loan-to-Value (LTV)
90%
5 Years
5.740%
$
Taxes & insurance not included, therefore the actual payment obligation will be greater.
10 Year Fixed – 80% LTV
Apply NowA fixed rate Home Equity provides you with the security of a monthly payment that doesn’t change.
10
Maximum Loan-to-Value (LTV)
80%
10 Years
4.990%
$
Taxes & insurance not included, therefore the actual payment obligation will be greater.
10 Year Fixed – 90% LTV
Apply NowA fixed rate Home Equity provides you with the security of a monthly payment that doesn’t change.
10
Maximum Loan-to-Value (LTV)
90%
10 Years
6.240%
$
Taxes & insurance not included, therefore the actual payment obligation will be greater.
Home Equity Loan Features & Benefits
By leveraging the value of your home, you can unlock access to funds to help with some of life’s expenses. With loans ranging from $10,000 to 90% of your home’s equity, Argent Credit Union’s home equity loans are ideal for one-time purchases and expensive singular events.
Home equity loan features include:
- Low introductory rates
- Secure, predictable monthly payments
- A fixed-rate over the life of the loan
- 5 and 10 year fixed terms
- Maximum loan to value ratios (LTV) of up to 90%
How To Apply For A Home Equity Loan
- Pre-Qualification: With the help of Argent Credit Union loan officers, determine the amount of money you are eligible to borrow with a home equity loan.
- Application: Gather important documents such as pay stubs, W-2 forms, tax returns, and credit reports for the Argent team to evaluate. Applications can be done online, in-person, or over the phone. The qualification process should be completed within 1-2 business days.
- Documentation: Argent Credit Union loan officers may require additional documentation to approve your home equity loan. Respond to all questions promptly to receive your loan as soon as possible.
Already applied?
Home Equity Loan Calculator
This calculator helps determine your loan or line payment. For a loan payment, select fixed-term loan. For a credit line payment, you can choose 2%, 1.5% or 1.0% of the outstanding balance or interest only.
Javascript is required for this calculator. If you are using Internet Explorer, you may need to select to ‘Allow Blocked Content’ to view this calculator.
For more information about these financial calculators please visit: Financial Calculators from KJE Computer Solutions, Inc.
Home Equity Loan FAQs
Q: What’s the difference between a home equity loan and a home equity line of credit (HELOC)?
A: A home equity loan provides a one-time sum of money. In contrast, a HELOC acts as a revolving line of credit with a beginning (withdrawal period) and an ending (repayment period).
Q: What can I use a home equity loan to pay for?
A: Home equity loans can be used for a variety of expenses or occasions. Some common uses for home equity loans include wedding celebrations, college tuition payments, debt consolidation efforts, home renovations, and more.
Q: Are there closing costs on a home equity loan?
A: Yes, closing costs are associated with the procurement of a home equity loan.
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Home Loan Resources
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Home Equity Loan rates listed include 0.25% discount when payments are automatically taken from an Argent CU checking account. Rates and terms will vary depending upon loan-to-value, credit qualifications, term of the loan, and occupancy of the property. Not available for a home purchase or investment properties.
Payment example based on a loan amount of $25,000
5 Year Fixed – 80% LTV
At a 4.490% interest rate, an APR of 4.916%, the monthly principal and interest payments would be:
59 payments of $465.96 at an interest rate of 4.490%
1 payment of $466.10 at an interest rate of 4.490%
5 Year Fixed – 90% LTV
At a 5.740% interest rate, an APR of 6.171%, the monthly principal and interest payments would be:
59 payments of $480.30 at an interest rate of 5.740%
1 payment of $480.49 at an interest rate of 5.740%
10 Year Fixed – 80% LTV
At a 4.990% interest rate, an APR of 5.217% the monthly principal and interest payments would be:
119 payments of $265.04 at an interest rate of 4.990%
1 payment of $265.30 at an interest rate of 4.990%
10 Year Fixed – 90% LTV
At a 6.240% interest rate, an APR of 6.473%, the monthly principal and interest payments would be:
119 payments of $280.57 at an interest rate of 6.240%
1 payment of $281.19 at an interest rate of 6.240%
The above rates are provided for illustrative purposes only; actual payments may be higher or lower.
