- 6.25% APR for 60-month Fixed Rate HELOCs up to 90% of the value of your home.*
- 6.25% APR for Auto Loans for 60 months**
*The 5-year Fixed Rate Home Equity Line of Credit (HELOC) has a 5-year draw period followed by a 10-year repayment period. At the end of the repayment period, a balloon payment may result if the entire outstanding balance was not paid in full. Well-qualified borrowers receive a fixed rate of 6.25% APR for the duration of their 5-year draw period on their revolving balance. Advertised APRs are based on a 90% CLTV, owner-occupied single-family residence, and qualifying credit. Higher interest rates apply to different terms, higher CLTVs, non-owner-occupied properties, and/or non-qualifying credit. Advertised APRs are current as of November 1, 2023, and are subject to change. At the conclusion of the 5-year draw period, the rate becomes variable and is tied to the Prime Rate as published in The Wall Street Journal. As of November 1, 2023, the Prime Rate is 8.50% and the lowest variable rate would be the floor rate of 5.00% (maximum APR 15.00%); however, APRs are subject to change without notice.
Advertised rates assume a .50% discount for making automatic payments. If for any reason automatic payments stop during the course of the HELOC, the HELOC will no longer be eligible for the .50% rate reduction and the APR will increase by .50%. If you don’t elect automatic payments, our rates will start .50% higher than the advertised rate. Consult a tax adviser for further information regarding the deductibility of interest and charges.
The minimum credit line is $10,000. A $250 processing fee and appraisal fees up to $600 may apply. Offer is subject to credit approval. Other restrictions may apply. Membership in Metro Credit Union is required. Refinances of Metro HELOCs in the draw period require a minimum of a $10,000 increase in your new HELOC's limit.
**Rates as low as. Offer not applicable to loans currently financed with Metro Credit Union. Example: $30,000 6.25% for 60 months = payment of $583.39. Advertised rates assume a .50% discount for making automatic payments. If for any reason automatic payments stop during the term of the loan, the loan will no longer be eligible for the .50% rate reduction and the APR will increase by .50%. If you don’t elect automatic payments our rates will start .50% higher than the advertised rate. Other rates and terms are available. Maximum loan amount $150,000. Other restrictions may apply. Approval and rate subject to credit qualifications. Rates are current as of 11/01/2023 and are subject to change. Minimum loan amount required for the rate. Rate may be higher for smaller loan amounts and vehicles with model years prior to 2023.