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[Please note: This page is part of the Chicago CD Rates archive. Most of these deals on this page are not current and no longer available. Please check the date of the post before getting too excited and driving to a bank an hour away. If you have any doubts whether the deal is available, contact the bank or credit union. For a list of more current rates, visit our homepage.]
4.75% HELOC at Stanford Federal Credit Union
Stanford Federal Credit Union has a nice HELOC promotion going on right now: A HELOC with a three-month 4.75% teaser rate. The rate goes up to Prime+0% after the first three months. This HELOC has no prepayment penalties, no points, no annual fees, and “in most cases, start-up costs are $0.” Lines can be up to 80% line-to-value, up to a maximum of $25,000. The HELOC has a 10-year draw plus a five-year prepayment period.
Stanford Federal Credit Union is open to anyone who is a member of the Stanford University community. Stanford FCU has four locations: three in Stanford, Ca. and one in Palo Alto, Ca.
3.99% Intro HELOC at NASA FCU
NASA Federal Credit Union has a nice HELOC offer: 3.99% APR for the first six months, then Prime – .50% for the remainder of the line of credit. You can borrow up to 90% of your home’s value to a maximum of $100,000 or 80% up to $400,000. The HELOC also has no closing costs, points, or fees as long as the line of credit is kept open for 24 months.
NASA Federal Credit Union is open to everyone through membership in the National Space Society for as low as $18. NASA FCU has branches in Maryland, Virginia, and Washington, D.C.
2.99% Introductory HELOC at MassMutual FCU
MassMutual FCU has a good HELOC Introductory rate : 2.99% for three months for up to 80% loan-to-value. Up to 90% loan-to-value, the intro rate goes up to 3.99%. After the introductory period, the rate reverts to Prime plus .50%. There are no appraisal fees, annual fees, title fees or application fees with this offer, but it does require a MassMutual FCU checking account.
Mass Mutual FCU is open to employees of MassMutual Financial Group Companies, including Massachusetts Mutual Life Insurance Company and its subsidiaries. MassMutual FCU has three offices , all in Massachusetts.