APR = Annual Percentage Rate.

The Logix PrimeLine Home Equity Line of Credit is an adjustable rate loan. The PrimeLine Variable Rate Home Equity Line of Credit (HELOC) current 7.50% APR, which is accurate as of and is subject to change, is our best rate based on creditworthiness, credit score, and maximum combined loan-to-value (CLTV) of 70%. The rate is variable, subject to change monthly, and may increase after consummation. Maximum APR 18%. The HELOC term is 15 years. Minimum interest-only monthly payment results in a Balloon payment at maturity. Minimum credit limit is $25,000; Maximum $500,000. Property Insurance and a lien is required on the subject property. No closing costs if credit limit is $250,000 or less and HELOC is not closed within the first 36 months. Closing costs on credit limits in excess of $250,000 range from $1,500 to $2,500 based on amount borrowed. Attorney’s fees apply in MD, VA, NH, ME and MA and range from $300 to $700. Additional state-related taxes and fees may apply. Consult your tax advisor regarding deductibility of interest.

The PrimeLine Variable-Rate Home Equity Line of Credit is available only on owner-occupied properties located in CA, MD, NV, NH, VA, MA and ME

*The Introductory Annual Percentage Rate (APR) of 5.99% is for new Home Equity Lines of Credit only and is for the first twelve (12) months. After the introductory rate expires, balances will be charged at the variable APR based upon the Prime rate, as published by the Federal Reserve, plus a margin. The APR will never be higher than 18%. The Introductory rate applies to borrowers with credit scores of 640 or higher, max CLTV 75-80% (dependent on credit qualification), and owner-occupied single-family residences. Not all applicants will qualify. Logix Federal Credit Union reserves the right to modify or end this offer at any time. Additional terms and conditions may apply. Subject to credit approval.

Prime Rate Index