Home Equity Line of Credit
A variable rate home equity line of credit offers members the most flexibility for future advances, with terms up to 20 years. Your home equity line of credit can be used for any purpose.
* Borrow up to $150,000
* Loan-to-Value 80%
* Low variable rates adjusts quarterly, based on Prime Rate + Margin, view rate here
*rates subject to change semi-annually
*max 18.00% APR
* Line of credit advances up to 10 years
* Repayment terms up to 20 years
* Average closing costs $500: closing costs vary by county and range from $100 - $1,200
* See your tax advisor for details regarding interest deduction on second mortgages.
Low-cost credit life and disability insurance is available for your protection on all of our loans.
For more information, please contact the Credit Union.
Whether you are looking to purchase or refinance your first mortgage, Teamsters Credit Union can help! We have partnered up with First Class Mortgage and Servion to provide our members expert advice and ensure you are getting the best mortgage option and rates available in today's competitive market.
We recommend you give us a call for assistance with your mortgage application, or you may apply online below.
First Class Mortgage is locally-owned and operated in Maple Grove, MN and licensed to do business in MN, ND, SD, and FL.
Servion is credit union owned and located in New Brighton, MN and licensed in AL, AR, CA, CO, CT, DE, FL, GA, IA, IL, IN, KS, KY, LA, MD, MI, MN, MO, MS, NC, ND, NE, NH, NJ, NM, OH, OK, PA, SC, SD, TN, TX, WI, WV, WY.
Apply online with Servion, Apply Here