Desert Schools FCU (AZ) offering Home Equity Line of Credit with 2.49% Introductory APR for 12 Months

Desert Schools Federal Credit Union logoA home equity line of credit (HELOC) is a valuable tool for homeowners, as it allows for easy, affordable access to equity. When interest rates are low, a home equity line of credit can be used to fund life’s major expenses, including college funding for children, large home projects or renovations, or consolidating debt that carries a higher interest rate. Securing a home equity line of credit takes some shopping around, however, to ensure you’re getting the most bang for your buck.

HELOC Offer Details

Currently, Desert Schools Federal Credit Union is offering a home equity line of credit with an introductory APR as low as 2.49%. The promotional interest rate is fixed for the first 12 months after opening, after which time it reverts to a rate as low as 4.375% (variable). The offer is available to any qualified homeowner who is applying for a home equity line of credit with Desert Schools Federal Credit Union for the first time.

Rates & Fees

The home equity line of credit with the lowest possible interest rate is available for properties that have a loan-to-value ratio of no more than 80%. A minimum line of $10,000 must be taken out, and a 0.25% discount is included when a Relationship Rewards Achieve level is satisfied. An annual fee of $50 may be applied to all open home equity lines of credit, although application fees and closing costs may be waived. Should the home equity line of credit be closed within the first three years of account opening, Desert Schools Federal Credit Union may recoup some of these costs.

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Qualifying

Homeowners must qualify for the promotional HELOC based on credit history and score, as well as the type of property used as collateral. In addition, applicants must be eligible for membership at the time an application is submitted. Desert Schools Federal Credit Union offers membership to anyone who lives, works, attends school, or worships in Maricopa, Gila, or Pinal Counties, Arizona. Immediate family members of current Desert Schools Federal Credit Union may also apply for membership.

About Desert Schools Federal Credit Union

Desert Schools Federal Credit Union has a 75-year history of serving members throughout the state of Arizona. Through nearly 50 convenient locations, the credit union provides access to affordable home financing, deposit accounts, business accounts, and financial planning services.

Desert Schools Contact Information

Homeowners interested in gathering additional information about the promotional home equity line of credit offered by Desert Schools Federal Credit Union may do by visiting a full-service branch location, calling a member service representative at 1-602-335-5008, or by visiting the credit union online.

 

Posted on February 13, 2017 by in Home Equity Line of Credit, Mortgages,

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