Go ahead and renovate that circa 1950s bathroom. Consolidate high-interest credit card debt. Or cover a big tuition bill. You’ve earned some home equity. Use it to do what needs doing. Ready to get started? Make an appointment at your local bank branch today.
Tap into your home equity.
Home Equity Loan
Take a lump sum based on your home value. Stop by a local branch to get started or call Windsor Federal Customer Care to connect with a lender.
- 3- to 15-year home equity loan terms
- Fixed monthly payments for the life of the loan
- Zero points (point options available)
- Local decisions, fast closings
Home Equity Line of Credit
Tap your equity for a line of revolving credit. Stop by a local branch to get started or call Windsor Federal Customer Care to connect with a lender.
- 10 years to use HELOC funds, 15 more to repay
- Interest-only payments on funds drawn
- Zero points (point options available)
- Local decisions, fast closings
Rates
Home Equity Fixed Loan1,2,3
As of 10/02/2022
| Product | Interest Rate1 | APR1 | Monthly Payments | Payments per $1,000 |
|---|---|---|---|---|
| Product3-Year Fixed | Interest Rate16.250% | APR16.250% | Monthly Payments36 | Payments per $1,000$30.54 |
| Product5-Year Fixed | Interest Rate16.250% | APR16.250% | Monthly Payments60 | Payments per $1,000$19.45 |
| Product7-Year Fixed | Interest Rate16.375% | APR16.375% | Monthly Payments84 | Payments per $1,000$14.79 |
| Product10-Year Fixed | Interest Rate16.500% | APR16.500% | Monthly Payments120 | Payments per $1,000$11.35 |
| Product15-Year Fixed | Interest Rate16.625% | APR16.625% | Monthly Payments180 | Payments per $1,000$8.78 |
1Loan Amounts equal to or less than $200,000 – Windsor Federal Bank will pay the Appraisal Fee, Credit Report Fee, Title Search Fee and Recording Fee.
- Maximum Combined Loan-To-Value 80% of subject property’s appraised value.
- All payments quoted do not include taxes and insurance and actual payment may be greater.
- Subject to credit approval.
- Rates subject to change at any time without notice.
- Consult your tax advisor regarding the deductibility of interest.
2Loan Amounts above $200,000 – Appraisal Fee collected at application and Title Search, Lender’s Title Insurance, and Recording Fees charged to the borrower at closing.
3Loan Amounts above $275,000 – Additional terms apply. Please call a mortgage professional at Windsor Federal Bank for more information.
Check the latest home equity line of credit rates.
As of 10/02/2022
| Product1 | Interest Rate2 | Payments per $1,0003 |
|---|---|---|
| Product125 Years/10-Year Draw | Interest Rate28.000%* | Payments per $1,0003 $6.875 |
1Financing of Primary Residence – 1-4 Unit Family Properties and Condominiums. Total Term is 25 years; 10-year draw period & 15-year repayment period.
2The Annual Percentage Rate (APR) is a special introductory rate fixed for 12 billing cycles and is based on the highest prime rate published in the Wall Street Journal (As of Month XX, Year the Wall Street Journal Prime Rate is X.XXX%) minus .50%. Thereafter, at the end of the special introductory period, the annual percentage rate may change even if the Prime Rate has not changed and will be based on the Prime Rate in effect on the preceding business day. The maximum Annual Percentage Rate (APR) will not exceed 18.000% and the minimum Annual Percentage Rate (APR) will not be below 2.000%.
3Payments quoted do not include taxes and insurance. Actual payment may be greater.
Rates are subject to change without notice.
- Maximum Combined Loan-To-Value 80% of subject property’s appraised value.
- Minimum Credit Advance Amount of $500. Annual fee of $30 is waived for the first year.
- Hazard Insurance (flood insurance, if applicable) is required.
- Subject to credit approval. Other terms and conditions may apply.
Loan Amounts equal to or less than $200,000 – Windsor Federal will pay the Appraisal Fee, Credit Report Fee, Title Search Fee and Recording Fee. Loan Amounts above $200,000 – Appraisal Fee collected at application and Title Search, Lender’s Title Insurance, and Recording Fees charged to the borrower at closing. Loan Amounts above $275,000 – Additional terms apply. Please call a mortgage professional at Windsor Federal Bank for more information.
Apply online or visit your local bank branch.
