Central Willamette Community Credit Union :: Lending Products

Equity Loans

Plus Line

Tap into the equity in your home and open a whole world of possibilities.

Flexible borrowing power;
Instant cash advance and with no minimum;
No cash advance fee with a direct phone advance or in person;
Property most be owner-occupied;
Loan to value (total of all encumbrances) up to *85%.
Competitive variable interest rate-view CURRENT LOAN RATES;
Access as frequently as you wish, within the credit limit;
60 month advance period with optional 60 month renewal period; and
A $50 annual fee will be assessed on the first business day of each year.

Third party closing costs are estimated to range from $110 to $1,270. Maximum Annual Percentage Rate that may apply during the life of the loan is 21.00%.

Max Line

Expands your opportunities with a higher credit limit.
Flexible borrowing power;
Instant cash advance and with no minimum;
No cash advance fee with a direct phone advance or in person;
Property most be owner-occupied;
Maximum credit limit up to $50,000;
Loan to value (total of all encumbrances) up to *100%.
Competitive variable interest rate-view CURRENT LOAN RATES;
Access as frequently as you wish, within the credit limit;
60 month advance period a maximum repayment period of 10 years; and
A $50 annual fee will be assessed on the first business day of each year.

Third party closing costs are estimated to range from $110 to $675. Maximum Annual Percentage Rate that may apply during the life of the loan is 21.00%.

Investor Line

Looking to improve your investment property while meeting other financial goals?

Flexible borrowing power;
Instant cash advance and with no minimum;
No cash advance fee with a direct phone advance or in person;
Maximum credit limit up to $50,000;
Loan to value (total of all encumbrances) up to *75%.
Competitive variable interest rate-view CURRENT LOAN RATES;
Access as frequently as you wish, within the credit limit;
60 month advance period with optional 60 month of renewal; and
A $50 annual fee will be assessed on the first business day of each year.

Third party closing costs are estimated to range from $110 to $1,074. Maximum Annual Percentage Rate that may apply during the life of the loan is 21.00%.

Home Equity Fixed for 5 Years

Flexible borrowing power;
Instant cash advance and with no minimum;
No cash advance fee with a direct phone advance or in person;
Property must be owner-occupied;
Maximum credit line up to $150,000.00;
Loan to value (total of all encumbrances) up to *90%.
60 month advance period with optional 60 month renewal period;
A $50.00 annual fee will be assessed on the first business day of each year;
The Annual Percentage Rate (APR) is fixed for the first 5 years of the account. After that, the Periodic Rate and corresponding APR will be adjusted in accordance with the variable rate terms. The Periodic Rate and corresponding APR are based upon an index which is the Prime Rate as published in the Wall Street Journal. The Credit Union adds a margin to the index. The total of the index plus the margin amount is the APR. The APR is divided by 365 (366 if it is a leap year) to produce the daily Periodic Rate. The APR will adjust the first day of each calendar month or when the Line of Credit cycles.

Third party closing costs are estimated to range from $110 to $1,270. Maximum Annual Percentage Rate that may apply during the life of the loan is 21.00%

Equity Advantage

A one time loan that opens the door to your financial horizons... a dream vacation, home improvement, or your dream car.

No Annual fee;
Loans up to $50,000;
Repayment terms up to 240 months;
Competitive fixed interest rate-view CURRENT LOAN RATES;
Loan to value (total of all encumbrances) up to *100%.
Third party closing costs are estimated to range from $110 to $675.

*Loan amounts up to $50,000.00 the value will be determined by the most recent county property tax statement.

Loan amounts great then $50,000.00 to $75,000.00 the value will be determined by a limited appraised value as determined by a fee appraisal.

Loan amounts greater then $75,000.00 the value will be determined by the appraised value as determined by a fee appraisal.

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