Home improvements just got more affordable.
Now is the perfect time to start that special home-improvement project you have been planning.
What you need to apply for a fixed-rate home equity loan:
- Verifiable Income
- Unexpired Government-Issued ID
- Social Security Number
- Loan Amount
- Estimated Value of Your Home
- Primary Savings Account
Click here for a list of our employees registered through the Nationwide Mortgage Licensing System (NMLS) as of October 2018.
Fixed-Rate Home Equity Loan1
A fixed rate home equity loan has an interest rate that stays the same throughout the life of the loan. Since the interest rate doesn't change, the amount of each monthly payment is stationary as well. At Purdue Federal, you'll find competitive rates with no annual fee and no prepayment penalty.
- Competitive Closing Costs
- Make payments directly to Purdue Federal
- No Prepayment Penalties
- No Annual Fee
- Competitive, Fixed Rate
- Use the money for practically anything!
1All loans subject to approval based upon creditworthiness, qualifications and collateral conditions. If approved, your APR will depend on your credit and loan term. 4.75% APR (Annual Percentage Rate) on fixed-rate home equity loans secured by primary residence with 5 year loan term and up to 80% loan to residence fair market value. $5,000 minimum loan amount. Typical repayment example for a loan of $20,000 at 4.75% APR is $375.69/month for 60 months. Other rates and terms available. Rates subject to change. Offer valid on applications submitted October 1-December 31, 2018. Not valid for purchase transactions or bridge loans. Not combinable with other offers. Membership eligibility required. Federally insured by NCUA.