Share Secured Loans

*UP TO .75% A.P.R. IN LOAN DISCOUNTS AVAILABLE ON ALL SECURED CONSUMER LOANS FOR MEMBERS USING THE FOLLOWING HRCCU PRODUCTS: Deduct .25% for automatic loan payments or disability insurance; deduct .25% for using HRCCU's checking, debit card and Virtual Branch Internet Banking program; deduct .25% off for using any other 2 products (excluding regular shares) NOTE: Borrowers must credit qualify for all loan rates listed. A $5.00 credit report fee may be charged. Rates/terms subject to change without notice. Loan rates are listed in annual percentage rate (A.P.R.).

Contact HRCCU for more information.

**HOME EQUITY LOANS: Members must credit qualify and be in-good-standing. Rates herein are listed in annual percentage rate (A.P.R.) and include up to 80% financing. Other rates and terms available for up to 90% financing. Variable home equity line of credit annual percentage rates range from 4.50% A.P.R. up to 18.00% A.P.R. Borrow $20,000 or more, HRCCU will pay closing costs and mortgage tax with existing lien. Borrow up to $20,000, member pays closing costs of $325 plus mortgage tax. Mortgage tax ranges from $50 for $5,000 loan up to $2,225 for $300,000 loan. If first lien, member is responsible for updating title work. If second lien, existing title verification is required. Minimum amount borrowed is $20,000, maximum $300,000. Terms up to 25 years for fixed and variable. Fixed rate balloons after 60 months. Home equity line of credit annual percentage rate is valid unless prime rate changes. If your home equity loan is cancelled for any reason w.i. 5 years from the closing date, the closing costs HRCCU paid will be added to your loan payoff amount. Rates/terms subject to change without notice. Refinancing applies only to home equity loans from other financial institutions. Home equity financing may be tax deductible; consult your tax professional about deductibility in your situation.

***HOME IMPROVEMENT LOAN: Borrow up to $7,500, 60-month maximum term, a copy of deed required. Amounts $7,501-$25,000, 240 months maximum term, a lien is placed on property. The payments for home improvement loan based on 60-month term for $7,500 loan amount with 6.20% A.P.R. is approximately $145.71 per month. The total of payments is approximately $8,742.42 with total finance charges of $1,242.42. A.P.R. is determined based on member’s credit worthiness.