Skip to Main Content

Home Equity

If you’re thinking about making some home improvements or looking at ways to pay for your child’s college education, a home equity product might be right for you.  Home equity is the difference between what your home could sell for and what you owe on the mortgage. Because equity loans and home equity line of credits are secured by your home, you’re more likely to get a lower interest rate and better payment terms than you would with a traditional installment or consumer loan.

Home equity financing can be set up as a closed end loan or a line of credit. With a closed end home equity loan, we advance you the total loan amount upfront, while a home equity credit line provides a source of funds that you can draw on as needed.

Home Equity

  • Borrow a lump sum up to 80% of your equity.
  • Repayment terms up to 15 years
  • Low fixed rates as low as 3.5%
  • Enjoy the benefit of tax deductible interest *

Home Equity Line of Credit (HELOC)

  • If you do not use it, you do not pay for it. The funds are available just in case.
  • Borrow up to 80% of your equity.
  • Use of funds at variable rates over 13 years, with a 2 year repayment period
  • Access your loan via checks
  • Minimum credit limit of $5,000, maximum limit of $50,000
  • Enjoy the benefit of tax deductible interest *

All loans subject to approval. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions.

* Consult a tax advisor regarding the deductibility of interest

Branches

Shared Branching

Click here to search and find a Shared Branch by Address and/or zip code

Forms & News

News and Promotions

Click here to see the latest news and promotions from CommStar Credit Union!

Current Rates

Our Priority Is You

We honor that tradition by passing through the best rates possible on loans and shares.

Open New Account

Accounts

Anyone who lives in Ashtabula County can become a member and share in the benefits of membership

THIRD PARTY SITE DISCLAIMER - By accessing the noted link you will be leaving Port Conneaut FCU website and entering a website hosted by another party. Port Conneaut FCU has not approved this as a reliable partner site. Please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of Port Conneaut FCU website. We encourage you to read and evaluate the privacy and security policies of the site you are entering, which may be different than those of Port Conneaut FCU. CLICK OK TO CONTINUE OR CANCEL TO ABORT

Continue Cancel