Fixed-Rate Home Equity Loan In Vermont & New Hampshire
A one-time lump sum with a rate that never changes. Ideal for large expenses like renovations, debt consolidation, or major purchases.
Overview
What is a Fixed-Rate Home Equity Loan?
A Fixed-Rate Home Equity Loan gives you a one-time disbursement based on your home’s equity with a locked-in interest rate and predictable monthly payments for the entire term of the loan.
You can borrow up to 80% of your home’s equity, minus the balance of your first mortgage. This option is perfect for members who prefer stability and want to fund a single large project or expense with no surprises.
For example: If your home is valued at $200,000 and your remaining mortgage balance is $100,000, you may qualify to borrow up to $60,000.
($200,000 x 80% = $160,000 – $100,000 = $60,000)
APR Note:
*APR = Annual Percentage Rate. Rates shown are “as low as” and may vary based on credit, term, and home value. Minimum loan amount is $5,000 with a maximum LTV of 80%. Current rate is Prime + 0.75%. Your rate may differ. Floor rate is 4.00%. See 802 Credit Union for full details. NMLS# 409405.
Today’s Rates
All Rates Effective April 1, 2025
Home Loans
Term | APR | |
|---|---|---|
| Home Equity LOC | Up to 15 Year Term | Prime +.75%3 |
| Home Equity Loan | 5 Year Term | 6.49%4 |
| 10 Year Term | 6.99%4 | |
13 Year Term | 6.74%5 | |
15 Year Term | 7.49%4 |
3 Annual percentage rate is based on an index, the Wall Street Journal Prime Rate (which may change). The annual percentage rate may vary periodically. The minimum annual percentage rate that can apply is 4.00% APR floor, and the maximum annual percentage rate that can apply is 18% APR. We will not charge you any fees to open, use, or maintain your Home Equity Line of Credit. However, you may pay certain fees to third parties to open the plan. Those fees are generally between $300 – $500. You must also maintain property and flood insurance (if necessary) on your dwelling.
4 Minimum loan amount $5,000. Maximum loan to value is 80%.
5 Minimum loan amount $5,000. Maximum loan to value is 60%. 1st position lien. Subject to credit approval.
View Home Equity Early Disclosure PDF
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loan Benefits
Simple Financing for Life’s Needs
Fixed Rate Stability
Enjoy predictable payments with a rate that never changes for the life of your loan.
One-Time Lump Sum
Perfect for home renovations, medical costs, or consolidating higher-interest debt.
Local Lending Decisions
Work directly with our Vermont-based lending team for fast, personalized service.
May Be Tax-Deductible
In many cases, interest may be tax-deductible—check with your tax advisor.
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I recently moved to Vermont and was looking for a new financial institution. Several people recommended 802 Credit Union. Kim helped me set up my accounts, my direct deposit and got me started with online banking. She showed me how to use Bill Pay, which I never used at my previous bank. What a huge convenience! I highly recommend 802 Credit Union and all the staff at the Windsor branch.
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Windsor, VT
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