Home Equity Line of Credit
Home Equity Line of Credit
When life hands you lemons, leverage your home equity. OE Federal works to create home loan products with the best rates and service to cover you on your rainy days. Tap into the equity in your home to get low interest rates while you consolidate your debt.
- Secured loan
- Low interest rates
- Great for home improvement projects
- Perfect for debt consolidation
- Easy application process
Adjustable Rate Line of Credit
| LOAN TYPE | MAXIMUM AMOUNT | MAXIMUM TERM | ANNUAL PERCENTAGE RATE |
| Home Equity | $250,000 | 10-year draw period, 20-year repayment period after last draw. Possible 30-year maximum term. | Prime Rate |
Information accurate as of July 10, 2017
Fixed Rate Conversion Options
| MAXIMUM TERM | ANNUAL PERCENTAGE RATE |
| 5 years | 3.875% |
| 10 years | 4.875% |
| 15 years | 5.125% |
| 20 years | 5.625% |
Our Home Equity FlexLOC* is a variable-rate home equity line of credit that allows you to take your entire balance or a portion of your balance and lock it in at a fixed-rate. That means you can spend your money, how you want.
Maximum Amount: $250,000
Rates are based on the following assumptions:
A combined loan-to-value of 80% or less and a credit score indicative of an excellent credit record.
Note that the rates and/or fees may be higher based upon your credit score and appraised value.
APR = Annual Percentage Rate. A rate that reflects the actual annual cost of a loan and includes the loan interest rate, private mortgage insurance, points and some fees.
All rates are subject to change without notice. For the most up-to-date rates, please call Member Services at 800.877.4444.
Information accurate as of July 10, 2017
Related Products and Services
Home Loan Products
Learn MoreAdjustable Rate Line of Credit
| LOAN TYPE | MAXIMUM AMOUNT | MAXIMUM TERM | ANNUAL PERCENTAGE RATE |
| Home Equity | $250,000 | 10-year draw period, 20-year repayment period after last draw. Possible 30-year maximum term. | Prime Rate |
Information accurate as of July 10, 2017
Fixed Rate Conversion Options
| MAXIMUM TERM | ANNUAL PERCENTAGE RATE |
| 5 years | 3.875% |
| 10 years | 4.875% |
| 15 years | 5.125% |
| 20 years | 5.625% |
Our Home Equity FlexLOC* is a variable-rate home equity line of credit that allows you to take your entire balance or a portion of your balance and lock it in at a fixed-rate. That means you can spend your money, how you want.
Maximum Amount: $250,000
Rates are based on the following assumptions:
A combined loan-to-value of 80% or less and a credit score indicative of an excellent credit record.
Note that the rates and/or fees may be higher based upon your credit score and appraised value.
APR = Annual Percentage Rate. A rate that reflects the actual annual cost of a loan and includes the loan interest rate, private mortgage insurance, points and some fees.
All rates are subject to change without notice. For the most up-to-date rates, please call Member Services at 800.877.4444.
Information accurate as of July 10, 2017
Payment Calculator
Format: 12m, 36m, 3y, 7y
Payment Details
Monthly Payment:
$219.73
Number of Payments:
36
Total Payments:
$7,910.37
Total Interest:
$410.37