Home Equity Lines/Loans
Home Equity Options
Use the equity in your home as a smart way to manage your finances. Choose our Home Equity Line of Credit or our Home Equity Loan, whichever is best for you.
- No points or closing costs!*
- No annual fee
Click here for our current rates and terms.
To apply online select the button below, call (781) 878-0232 or (800) 562-7328 for an application, or stop by one of our convenient branch locations.
*If borrower terminates the loan or line of credit and requests a discharge of the mortgage within 36 months from the date of the agreement, the borrower will be obligated to reimburse Rockland Federal Credit Union the full amount of closing costs. We finance 1-4 family owner-occupied homes for applicants who live or work in Plymouth, Norfolk, Suffolk, Bristol, Barnstable or Middlesex Counties. Minimum Home Equity Loan or Line is $10,000. Not available for homes currently for sale or intended to be sold within 6 months of closing. Property Insurance required, Flood Insurance may be required. Consult your tax advisor regarding the deductibility of interest. Please be advised that the Credit Union will not finance properties in trust and/or in cases where the first mortgage is an adjustable rate mortgage with a negative amortization.
Home Equity Line of Credit
If you want the flexibility of ready cash to remodel your home, consolidate your debt, buy a new car or manage unexpected expenses a home equity line of credit may be the best option for you.
- Check access for an easy hassle-free way to get the cash you need
- Interest only payments during the 10 year draw period.
- The rate will be equal to the Wall Street Journal Prime Lending Rate as published in the Wall Street Journal at the beginning of each monthly billing cycle. This is a variable rate, subject to change. The minimum annual percentage rate (APR) is never lower than 4%, and the maximum annual percentage rate (APR) is never greater than 18%. Property insurance and flood insurance, if applicable is required.
Click here for our current rates and terms.
To apply online select the button below, call (781) 878-0232 or (800) 562-7328 for an application, or stop by one of our convenient branch locations.
Home Equity Loan
If you have a specific purpose in mind for a home remodeling project, purchase or debt consolidation and want the security of predictable monthly payments and knowing when the loan will be paid off a home equity loan may be the best option for you.
- 5, 10, or 15 year terms available
- Low Fixed Rate for the life of the loan
- Fixed Payment amount for the life of the loan
Click here for our current rates and terms.
To apply online select the button below, call (781) 878-0232 or (800) 562-7328 for an application, or stop by one of our convenient branch locations.
Federally insured by NCUA.