Home Equity Line of Credit Promotion

– It’s your money, USE it! –

Beginning July 1, 2020, introductory rates on new Home Equity Plus Line of Credit are at 1.89% APR*; then, as low as 4.49% APR* to 5.24% APR*.

If you would like further information regarding DuTrac’s home equity options, please contact a financial services consultant by email at members@DuTrac.org, by phone at (563) 582.1331 or (800) 475.1331, or stop into any of DuTrac’s convenient locations!

*1.89% APR introductory rate converts to a quarterly variable rate based on the 13-week Treasury Bill Index after December 31, 2020; an interest floor rate of 4.49% APR for credit scores of 720 or higher OR 5.24% APR for credit scores of 670 to 719. Rate depends on credit qualifications and approval. Best rate based on current index would be 4.49% APR or 5.24% APR based on individual credit qualifications beginning January 1, 2021. Maximum rate of 18% APR. Rates shown are for homeowners with maximum 80% CLTV (first mortgage balance plus HELOC limit divided by property value). The minimum loan amount is $10,000. HELOC account holder must have direct deposit to a DuTrac Community Credit Union checking account with auto pay. An appraisal fee may be required and can average between $150-$450. Property insurance is required. Some restrictions may apply. Finance charges begin to accrue on the day a draw is taken. No grace period applies. Membership is required by opening a $5.00 share savings account. Not valid for existing home equity lines of credit with DuTrac or DuTrac HELOCs that are refinanced. Not valid with any other offers. Offer may end at any time without notice. Offer expires November 8, 2020.

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