Important Disclosures:
Non-members of 7 17 must join 7 17 Credit Union (open a savings account) to receive this offer. While not common to this offer, membership eligibility restrictions may apply. Contact us for details.
*Highly qualified borrowers will receive 7.00% APR (Annual Percentage Rate) for a 10-year draw period (for loans up to 80% loan to value). After 10 years from the initial loan closing, your loan rate will become variable, and the loan will go into a repayment period with no further draws available, at that time the remaining balance will be amortized to be repaid in 20 years. For highly qualified borrowers, the APR during repayment will be Prime minus .50% and may vary monthly based upon the highest Prime Rate published in the Wall Street Journal 30 days prior to the adjustment and will take effect on the first day of your billing period. The Prime Rate as of 2/12/2025 is 7.50%. Your APR may vary based on equity and credit qualifications. During the repayment period, the APR will not go below 4.50% or exceed 15%. Other rates and terms are available for less qualified borrowers. Loans subject to approval criteria; not all applicants will qualify. Call for details. Property insurance required (and flood insurance, if applicable). The minimum payment on your Home Equity Line of Credit will be 1.25% of the outstanding balance. Payment example: if your balance is $10,000, your payment would be $125 (does not include escrow, taxes, or insurance). Rates are subject to change without notice.
**Loans subject to a $50 Annual Fee during the draw period (waived for the first year on new loans). Closing costs associated with the loan origination are waived on new Home Equity Line of Credit up to $100,000 (with 80% loan to value). Up to $300 in fees apart from a cancellation fee of $40 will be waived on new Home Equity Lines of Credit exceeding $100,000. Closing costs, based on loan amounts, can range from $197 to $1,177. If you fail to maintain an open line of credit for at least 24 consecutive months, the waived fees must be repaid. The refinance of a 7 17 Home Equity Line of Credit loan will not qualify for waived fees. Not valid with any other 7 17 Home Equity special offers. Offer subject to change or withdrawal without notice.
Please consult your 7 17 Credit Union Home Equity Line of Credit Agreement, Truth-in-Lending Disclosures, Addendums and Modifications for your loan and repayment terms. Call 800-775-7741 or visit www.717cu.com for more details on this or any 7 17 Credit Union product or service.
Applications must be received by June 30, 2025.
