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Home Equity & Lines of Credit

You've worked hard for your home — now have your home work for you by leveraging the equity built so you can pursue other dreams in life.

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Home Equity Loans

Use the value within your home for anything from home improvement projects, to planning a wedding or paying for school. So if you own property in the State of Wyoming, our Home Equity Loans offer:

  • Loan to Value: Up to 100%
  • Repayment Terms: You have several options to choose from, based on your credit score and loan amount. Payments will remain the same through the term of the loan.
  • Interest Rates: Based on your credit score and loan to value
  • Closing Fee: Fees will vary and are based on loan amount and loan to value. Fees may include, but are not limited to: appraisal fee, document preparation, flood certification, origination fee, recording fee and title insurance.
  • Early Payoff Penalty: None
  • Late Fees: The greater of 5% of the payment, or $25 after 10 days
  • Interest: Monthly 360 day accrual
  • Make your monthly payments in a variety of ways: in person, through the mail, auto deduction, payroll deduction, Online Banking or telephone banking
  • Receive statements via Online Banking, or through the mail
    • Members who select eStatements via Online Banking will be able to view their statements on the 1st day of each month

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Rates and maximum loan terms are dependent on credit qualifications and loan-to-value (LTV) percentage. The rate will be based on a rate formula. The Index will be the Wall Street Journal Prime Rate. The Margin will be based on the borrower’s credit score and the LTV. Home Equity or real estate secured loans are limited to properties located in the state of Wyoming. Your actual rate is based on previous credit performance. All loans subject to final credit approval. Contact the Credit Union for full details. Consult your tax advisor concerning the deductibility of interest.

Home Equity Line of Credit

Just like our Home Equity Loans, you can use the value within your home for any variety of needs. But if you don't want the amount in one lump sum, but access to the funds in bits and pieces when you need it — then a Home Equity Line of Credit is the route to go. So if you own property in the State of Wyoming, our Home Equity Lines of Credit offer:

  • Loan to Value (LTV): Up to 100%
  • Draw Period: Up to 120 months / 10 years
  • Repayment Terms:  Loan is amortized for 240 months/20 years with the final 10 years strictly repayment of the loan balance
  • Closing Fee: None
  • Early Payoff Penalty: None
  • Interest: Simple interest based on a 365 daily accrual
  • Make your monthly payments in a variety of ways: in person, through the mail, auto deduction, payroll deduction, Online Banking or telephone banking
  • Receive statements via Online Banking, or through the mail
    • Members who select eStatements via Online Banking will be able to view their statements on the 1st day of each month
  • Please reference Important Terms for more information on loan qualifications and examples. All loans subject to final credit approval. Consult your tax advisor concerning the deductibility of interest.

Apply Now   View Rates

*Rates are subject to change. Rates and maximum loan terms are dependent on credit qualifications and loan-to-value (LTV) percentage. Rates listed are the lowest available. The Index will be the Wall Street Journal Prime Rate. The Margin will be based on the borrower’s credit score and the LTV. Home Equity or real estate secured loans are limited to properties located in the State of Wyoming. Your actual rate is based on previous credit performance. Lowest rate shown is for well-qualified borrowers and includes automatic payment discount. The Floor Rate (or minimum rate) will be 4% and the maximum rate will be 18%. Changes to the interest rate will be effective monthly on the 1st day of the month. The Loan-to-Value (LTV) is based on market region. This HELOC program will have a Draw Period of 10 years with the following Repayment Terms: Loan is amortized for 240 months/20 years with the final 10 years strictly repayment of the loan balance. a Repayment Period of 10 years for an Amortization of 20 years. The Draw Period is the time in which the borrower can take advances on their Line of Credit. During the Repayment Period the borrower cannot take advances on their Line of Credit. The minimum monthly payment will be established at the time of each advance (other than credit insurance premiums) to the amount necessary to fully amortize the account balance no later than the agreement maturity date. A late fee will be assessed if the payment if more than 10 days late. The late fee will be the greater of 5% of the payment or $25.