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 Costs*
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 10-Day Grace Period
Seamless Access
Pay and track your loan in the XCEL Digital Banking App
Skip-A-Pay-Eligible
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 4.99% APR* for the first six months.
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 10-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-Eligible
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 Loan
*XCEL 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.
Home Equity Line of Credit (HELOC)
*APR=Annual Percentage Rate. 4.99% is an introductory APR for the first six months from first day of account opening. 6.75% is the regular APR that would apply if this special rate was not offered. 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 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.
