Flexible Home Loan Solutions
As a home equity lender, County Excellence offers Home Equity Lines of Credit (HELOCs) and Home Equity Loans to suit your borrowing needs.
Unlock the Value of Your Home with a Home Equity Line of Credit(HELOC)
A Home Equity Line of Credit (HELOC) is a revolving line of credit secured by your home's equity. It gives you the freedom to access funds as needed during a draw period of five years. Your payment is based only on the balance that you have used and is billed monthly. The HELOC loan is an adjustable-rate loan based on your credit history and loan to value. Our lowest rate is the Wall Street Journal Prime rate minus one percentage point. We have options for qualified borrowers of up to 100% of the loan value.
Ideal for ongoing or unexpected expenses: A HELOC loan is a good option if you need ongoing access to funds for a project or anticipate unexpected costs. Since it’s a revolving line of credit, your payment is based only on the portion you have used.
Flexibility for budgeting: HELOCs offer flexibility when you don’t know the exact amount you’ll need to borrow. Whether it is educational expenses for your children, consolidating high-interest credit cards, or a home improvement project. You can access funds as needed during your draw period.
Your Home Equity Loan Lender
Our Home Equity Loans are one-time loans offering a fixed rate and term of up to 15 years. This option provides predictable monthly payments for easier budgeting.
Consolidation of high-interest debt: If you have high-interest debt, such as credit cards or personal loans, a Second Mortgage can consolidate it into a single loan with potentially lower interest rates. This can simplify your monthly payments and save you money on interest in the long run.
Peace of mind with a fixed repayment term: A Second Mortgage provides a set monthly payment throughout the loan term, simplifying your budget and financial planning. This makes it easier to manage your finances, even though the interest rate on the loan may adjust periodically.
County Excellence pays all closing costs for these loans; however, if you close your HELOC within two years, you will be responsible for repaying the closing costs to the credit union.
Don't let financial constraints hold you back. Contact us today to explore our competitive Home Equity Loan and Home Equity Line of Credit (HELOC) options and take the first step toward achieving your financial goals.