Home Equity Line of Credit
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Home Equity Line of Credit
When life hands you lemons, leverage your home equity. OE Federal works to create home loan products with the best rates and service to cover you on your rainy days. Tap into the equity in your home to get low interest rates while you consolidate your debt.
- Secured loan
- Low interest rates
- Great for home improvement projects
- Perfect for debt consolidation
- Easy application process
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Adjustable Rate Line of Credit
| LOAN TYPE | MAXIMUM AMOUNT | MAXIMUM TERM | ANNUAL PERCENTAGE RATE |
| Home Equity | $250,000 | 10-year draw period, 20-year repayment period after last draw. Possible 30-year maximum term. | Prime Rate |
Our Home Equity FlexLOC* is a variable-rate home equity line of credit that allows you to take either your entire balance or a portion of your balance and transfer that amount into a fixed rate loan at no cost. That means you can spend your money, how you want.
Maximum Amount: $250,000
Rates posted are based on the following assumptions:
A combined loan-to-value of 80% or less and a minimum credit score of 740.
Note that the rates and/or fees may be higher based upon credit score and line amount.
APR = Annual Percentage Rate. A rate that reflects the actual annual cost of a loan based on the loan rate and some fees.
All rates are subject to change without notice. For the most up-to-date rates, please call Member Services at 800.877.4444.
Information accurate as of January 5, 2021.
Fixed Rate Conversion Options
| MAXIMUM TERM | ANNUAL PERCENTAGE RATE |
| 5 years | 3.875% |
| 10 years | 4.875% |
| 15 years | 5.125% |
| 20 years | 5.625% |
Our Home Equity FlexLOC* is a variable-rate home equity line of credit that allows you to take either your entire balance or a portion of your balance and transfer that amount into a fixed rate loan at no cost. That means you can spend your money, how you want.
Maximum Amount: $250,000
Rates posted are based on the following assumptions:
A combined loan-to-value of 80% or less and a minimum credit score of 740.
Fixed Rate Conversions reflect a minimum credit score of 780.
Note that the rates and/or fees may be higher based upon credit score and line amount.
APR = Annual Percentage Rate. A rate that reflects the actual annual cost of a loan based on the loan rate and some fees.
All rates are subject to change without notice. For the most up-to-date rates, please call Member Services at 800.877.4444.
Information accurate as of January 5, 2021.
Payment Calculator
Format: 12m, 36m, 3y, 7y
Payment Details
Monthly Payment:
$219.73
Number of Payments:
36
Total Payments:
$7,910.37
Total Interest:
$410.37
Payment Calculator
Estimating your loan payment before buying can boost your negotiating power and help you choose the best loan term and down payment for your budget.
Payment Calculator
Format: 12m, 36m, 3y, 7y
Payment Details
Monthly Payment:
$219.73
Number of Payments:
36
Total Payments:
$7,910.37
Total Interest:
$410.37