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Home Equity Loans

Second mortgage loans are available to Members who own property in the State of Wyoming:

  • Loan to Value: Up to 100%
  • Repayment Terms: Members have several options to choose from, based on their credit score and loan amount. Payments will remain the same thru the term of the contract
  • Interest Rates: Based on borrowers 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
  • Monthly Payment: Payments may be made in person, through the mail, auto deduction, payroll deduction, online banking or telephone banking

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For Home Equity Lines of Credit disclosure, please click here.

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. Consult your tax advisor concerning the deductibility of interest.

Home Equity Line of Credit
Introductory Rates as low as 2.90% APR*

  • Introductory rate for the first 12 months
  • Loan to Value: Up to 100%
  • Draw Period: Up to 120 months / 10 years
  • Repayment Terms: Interest only for up to 120 months based on credit score, then borrower must pay loan off in full, or refinance
  • Closing Fee: None
  • Early Payoff Penalty: None
  • Interest: Simple interest based on a 365 daily accrual
  • Monthly Payment: Payments may be made in person, through the mail, auto deduction, payroll deduction, online banking or telephone banking
  • 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.

* APR = Annual Percentage Rate. 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 discounted rate for the first 12 months will depend on the borrower’s credit score and the loan-to-value (aka LTV). After the first 12 months of the loan the introductory discounted rate will end. The rate will then 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. 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. This HELOC program will have a Draw Period of 10 years and 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.

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For Home Equity Lines of Credit disclosure, please click here.