Purdue Federal Credit Union

Phone #: 800.627.3328
Routing #: 274976067

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Personal Banking
One-Year Rate Lock HELOC Promotion

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Home improvements just got more affordable.

Now is the perfect time to start that summer home-improvement project you have been planning.

For a limited time:

Get a one year rate lock for your next home equity line of credit!  

Borrow what you need, when you need it from a line of credit tied to the equity in your home. Draw against the line for up to 12 years with another 12-year repayment period.   

  • Competitive Closing Costs
  • No Prepayment Penalties
  • 12 Years to Borrow; 12-Year Repayment
  • No Minimum Draw at Closing
  • Interest-Only Payment Option
  • Make payments directly to Purdue Federal

 

Not just for home improvements.

Did you know that you can borrow money from your home’s available equity to be used for practically anything—home improvements, tuition, medical bills, vacation, and more.

Click here for a list of our employees registered through the Nationwide Mortgage Licensing System (NMLS) as of January 2019.

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Reviews 

Borrow what you need, when you need it from a variable-rate line of credit tied to the equity in your home. Draw against the line for up to 12 years with another 12-year repayment period.   

  • Competitive Closing Costs
  • No Prepayment Penalties
  • 12 Years to Borrow; 12-Year Repayment
  • No Minimum Draw at Closing
  • Interest-Only Payment Option
  • Make payments directly to Purdue Federal
 *Subject to credit approval. Twelve-month rate lock valid on new Home Equity Lines of Credit (HELOCs) opened May 1-July 31, 2019, and on existing HELOCs with a balance of $0.00 that take a draw between May 1 and July 31, 2019. Member must sign a request for special offer at the time of the first draw. Loan-to-value (LTV) is the ratio between the existing mortgage loan balance(s) and current market value. Following initial 12-month period, the annual percentage rate (APR) is variable based on an index of the one-year Treasury Bill plus a margin of 3% to 4.5%. As of April 3, 2019, loans with an 80% LTV or less have a rate as low as 5.5% APR. APR may be higher based on certain credit factors. Twelve-month rate lock is still available on up to 100% LTV financing, but at different APR. APR cannot increase more than 2% per month. Maximum APR is first month’s APR plus 6%. Property insurance and paperless statements are required. For full details see a Purdue Federal loan representative. Membership eligibility required. Federally insured by the NCUA. NMLS #417214 

   

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