An investment that hits home.
Fixed Loan
Your home is a top earner. Leverage your existing equity to cover the immediate costs of large purchases, renovations, travel, milestones and unexpected expenses, or simply reduce or eliminate debt.
Features & Benefits
Flexible Payment Options
Build a loan that fits your budget: 5 / 10 / 15 years
Efficient Funding
Borrow up to 90% of the value of your property ($350,000 maximum) at a lower rate than many other loans and receive funds within two weeks of submitting your application
No Closing Costs¹
We'll cover most closing costs with the exclusion of mortgage taxes required in certain states, including New York
Mortgage taxes may be rolled into the loan, eliminating out-of-pocket expenses.
Tax Advantage
Most home equity loans may have tax incentives similar to a first mortgage
Tax relief is subject to local laws, consult your tax advisor for more information.
Payment Forgiveness
No late fees if your payment is made within the 15-Day Grace Period
Seamless Access
Pay and track your loan in the XCEL Digital Banking App
Skip-A-Pay-Eligible²
Choose the month and skip one payment per loan within a 12-month period
This service cannot be combined with other offers and is non-transferrable.
Home Equity Line of Credit (HELOC)
The future shouldn't be unpredictable. Plan yours with confidence to cover the costs of life events, impromptu adventures, extended projects, and unexpected expenses with additional funds always within reach.
Enjoy an intro rate as low as 4.49% APR* for the first twelve months for well-qualified applicants.
Features & Benefits
Revolving Line of Credit
Draw on funds for 10 years, followed by a 15-year repay period
Efficient Funding
Borrow up to $350,000 at a lower rate than many other loans and receive funds within two weeks of submitting your application
No Closing Costs¹
We'll cover most closing costs with the exclusion of mortgage taxes required in certain states, including New York
Mortgage taxes may be rolled into the loan, eliminating out-of-pocket expenses.
Tax Advantage
Most HELOCs may have tax incentives similar to a first mortgage
Tax relief is subject to local laws, consult your tax advisor for more information.
Payment Forgiveness
No late fees if your payment is made within the 15-Day Grace Period
Simplified Monitoring
Draw, pay and track your loan in the XCEL Digital Banking App, transfer funds to your preferred checking or savings account, or use the provided checkbook
Skip-A-Pay-Eligible²
Choose the month and skip one payment per loan within a 12-month period
This service cannot be combined with other offers and is non-transferrable.
Disclosures
Fixed Home Equity Loan
Rates are for qualified members and are subject to credit approval. The APR may vary due to an individual’s creditworthiness, term of the loan and value of the home. Loan to Value (LTV) and/or Combined LTV (CLTV) restrictions apply. Loans that exceed 80% CLTV are subject to increased APR. Rates are subject to change without notice. XCEL loans must be in first or second lien positions. Not available for homes currently for sale. State specific tax fees may apply at closing. Homeowner’s insurance is required; flood insurance is required where applicable.
Home Equity Line of Credit (HELOC)
*APR=Annual Percentage Rate. 4.49% is an introductory APR for the first twelve months from first day of account opening, after which will adjust to the prevailing rate. Credit is subject to approval, not all applicants will qualify. The minimum loan amount is $10,000, and the maximum loan amount is $350,000. The APR may vary due to an individual’s creditworthiness, term of the loan and value of the home. Loan to Value (LTV) restrictions apply. Rates are subject to change without notice.
¹XCEL FCU will pay most of your closing costs on a home equity application excluding government recording charges and taxes when required. Home Equity Loans and Lines of Credit paid off and closed in less than two years from the loan origination will require reimbursement of all closing costs paid by XCEL FCU. Closing costs depend on the location of the property and the amount of the Home Equity Loan and/or Line of Credit.
²All XCEL FCU loans must be current with no collection action pending. Your account must not be overdrawn, and you must have sufficient funds on deposit to cover the $25 fee per loan. Each loan payment is applied first to unpaid late fees and charges, then to the accrued interest due on the loan. The remaining amount is applied to the principal balance. This program is not available on loans during the first 12 months of the loan agreement. Loans are limited to one (1) Skip-A-Payment per 12-month period. Other restrictions may apply; receipt of a Skip-A-Payment coupon does not guarantee eligibility and approval for the Skip-A-Payment program. Skip-A-Pay is a privilege extended to qualified members and is subject to XCEL Federal Credit Union final approval. XCEL FCU reserves the right to terminate this offer if your financial status changes prior to the credit union's approval. If you have recurring automatic payments set up from other financial institutions or automatic Online Banking payment(s) for your loan(s), it is up to you to stop the transfer if you wish.
