HELOC

*APR = Annual Percentage Rate. The rate you receive will be based on certain creditworthiness. Please ask us for the rate for which you qualify. All rates are subject to approximate loan term limits and certain restrictions may apply. Rates are subject to change without notice. There are minimum loan amounts required for some loan terms. Contact us for minimum loan amounts by term, maximum loan amounts, and loan-to-value requirements. Additional conditions apply. Call our mortgage loan specialist, Mary Heinecke, at 864.688.1164 for additional information.

¹The initial rate for the Home Equity Line of Credit (HELOC) low introductory rate promotion is a fixed rate not based on the index and margin used for subsequent rate adjustments. The HELOC Promotion has an initial rate of 5.99% APR fixed for the first 12 months.  After the introductory 12-month period, the APR can vary and is based on Prime Rate plus a margin of +0.50% to +2.50% based on credit rating. The APR is subject to change on the 10th of each month, based on changes to Prime Rate, the highest Prime Rate published in the Wall Street Journal “Money Rates” table on the 20th of the prior month. Minimum APR 3.50%, maximum APR 18.00%. Max LTV for HELOC is up to 90% CLTV. HELOC qualifies for introductory rate with a minimum credit line of $20,000 and a loan amount of $5,000 taken at closing. During the draw period, you may withdraw (advance) funds up to your credit line limit and pay amortized principal and interest payments on the outstanding balance monthly. After the draw period, you may not withdraw any more funds from the line. After the draw period end, you will continue to pay the amortized principal and interest monthly. Offer not applicable on refinance of existing GHFCU HELOCs. There are no loan processing or early closure fees and no prepayment penalty. Borrower is responsible for closing costs ranging from $1,500 to $3,000 including appraisal.  GHFCU does not offer escrow services.  Rates, terms, and conditions are subject to change without notice.