SPECIAL HELOC RATE AS LOW AS 6.50% APR*
Unlock your home's potential with a Home Equity Line of Credit
Take advantage of this limited time offer
Unlock your home's potential with a Home Equity Line of Credit from Telhio. For a limited time receive a special rate as low as 6.50% APR. Lock in this low rate today and unlock your home's potential. Take advantage of this limited time offer and apply today. Applications accepted in branch, online, via the Telhio mobile app, or by phone at 614-221-3233.
HELOC Special Offer Disclosures:
*Variable rate starts as low as Prime - 1.00% (floor rate is 5.00%
APR). Qualified borrowers eligible for Prime - 1.00% over 10 year draw period
with 15 year repayment.
Applies to HELOC applications received 2/18/25-3/31/25. All
applications subject to credit approval. Cannot be used for purchase money
transactions, owner-occupied residences only. Advertised rate is available to
applicants with credit scores greater than/equal to 740 with a minimum loan
amount of $5,000 and a maximum of $250,000, with a loan to value (LTV) of 80%
or less, and with an open Telhio checking account. APR will never be lower than
5% or higher than 18% APR during life of loan. Rate is a variable rate APR
based on the current prime rate as published in the Wall Street Journal and
will be subject to change monthly without notice. Use of the word "prime" does
not mean that the rate is the best or lowest offered by any lender. To
determine the annual percentage rate, we use the current prime rate minus 1.00%
(subject to the minimum APR above) as of 1/27/2025 the Prime rate is 7.5%. Loan
origination costs up to $750 will apply. No prepayment penalty, however, an
early termination fee applies to open-end home equity lines of credit that are
closed in the first 24 months after the loan was established. Prepayment
penalties shall not exceed 2% of the maximum line amount or $300, whichever is
less. An annual fee of $85 beginning on the first-anniversary date will apply.
Proof of Property and Hazard Insurance is required. Contact Telhio credit union
for additional terms and conditions. Consult your tax advisor regarding
deductibility of interest. Telhio reserves the right to amend or suspend this
program at any time.
Home Equity and Property Improvement
Telhio has a wide range of home equity and home improvement options, from traditional lines of credit to loans that do not require equity. Our terms range from 5 to 20 years with low fixed and variable interest rates.
Loan Options
Fixed Home Equity Loan*
Like the security of knowing what your payments will be each month? A fixed home equity loan may be for you.
Home Equity Line of Credit**
Looking for low monthly payments on what you borrow? Try a home equity line of credit (HELOC). With a HELOC, you make payments based only on what you borrow from your credit line.
Home Improvement Loan***
1st or 2nd Lien Position
Looking to make repairs or take on a home improvement project? A home improvement loan can help you turn your house into the home of your dreams.
Unsecured Home Improvement Loan****
No Equity Required
No equity? No problem! We offer home improvement loans with no equity required to ensure that you can get the financing you need for property improvements.
Product
Term
Loan
Rate as low as
APR as low as
Product
Fixed Home Equity Loan*
Term
Up to 240 Months
Loan
$5,000.00 to $200,000.00
Rate as low as
7.500%
APR as low as
8.001%
Product
Home Equity Line of Credit**
Term
120 Month Draw Period
Loan
$7,500.00 to $200,000.00
Rate as low as
7.500%
APR as low as
7.500%
Product
Home Improvement Loan***
Term
Up to 240 Months
Loan
$5,000.00 to $250,000.00
Rate as low as
9.65%
APR as low as
9.910%
Product
Unsecured Home Improvement Loan****
Term
Up to 84 Months
Loan
$5,000.00 to $25,000.00
Rate as low as
8.99%
APR as low as
10.033%
Rates effective on October 18th, 2024.
* Actual rates may vary based upon one or more of the following: credit rating, value of collateral, LTV and term. The final APR will be based on the final loan amount and applicable finance charges. Stated APR based on a qualifying fixed home equity loan of $50,000 for 120 months with 80% LTV at a 8.25% rate. Payments per month are $617.56.
** Home Equity Lines of Credit (HELOCs) are variable rate products. Actual rates may vary based upon one or more of the following: credit rating, value of collateral, and term. Rate will vary based upon the Prime Rate as published in the Wall Street Journal. Maximum APR of 18%. Floor rate of 5%. $300 reimbursement fee applies if HELOC is canceled within the first 24 months. Additional fees may apply. Telhio reserves the right to amend or suspend this program at any time. Maximum LTV 100%.
*** Actual rates may vary based upon one or more of the following: credit rating, value of collateral, LTV and term. The final APR will be based on the final loan amount and applicable finance charges. For example, stated APR based on a $50,000 for 120 months with a rate of 9.90% and APR of 10.066% has a payment per month of $662.59. Max LTV and other underwriting criteria does apply. All funds must be used towards verifiable home improvement project.
**** Actual rates may vary based upon one or more of the following: credit rating, value of collateral, LTV and term. The final APR will be based on the final loan amount and $150 document prep fee. Stated APR based on a $7,500 for 48 months with a rate of 8.99% and APR of 10.033% has a payment per month of $190.33. Other underwriting criteria does apply. All funds must be used towards verifiable home improvement project.
The annual percentage rate (APR) is the cost of credit over the term of the loan expressed as an annual rate. APR may vary. Certain restrictions and credit evaluation will apply for all loans. Rates and product offerings are subject to change without notice. Actual rates may vary based upon one or more of the following: credit rating, value of collateral, and term. All rates and terms subject to credit approval. NMLS#251831
Rate quoted as of 2/1/16. The Annual Percentage Rate (APR) is the cost of credit over the term of the loan expressed as an annual rate. Offer and rates are subject to change or terminate without notice. NMLS#251831. Click here for example.
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