| Loan Term | APR* | Loyalty APR* |
|---|---|---|
| 10 Year Draw | As low as 6.99% Fixed for 60 Months; Variable Thereafter with rates as low as 6.25% |
As low as 6.49% Fixed for 60 Months; Variable Thereafter with rates as low as 6.25% |
*APR=Annual Percentage Rate. Terms are based on creditworthiness, loan-to-value ratio, collateral condition and subject to approval requirements. Rates apply to owner-occupied, primary single-family residence only. Property must be insured (including flood insurance, when required). Minimum line of credit amount is $10,000 and maximum amount is $250,000. There may be fees associated with this loan, and an appraisal may be required. The HELOC APR may vary after the introductory period and the rate adjusts monthly by a margin over Wall Street Journal Prime, with a maximum 20 year amortization with 10 year draw period and 10 year repayment term. Payments during draw period are interest only and fully amortized over the 10 year repayment period with a rate ceiling APR of 18% and a floor APR of 5.00%. Loan fees and closing costs may vary between $400-1000. No annual fee or early termination fee. Loans and lines of credit are available for Nebraska and Iowa properties within Cobalt Credit Union's lending area. Loan interest may be tax deductible. Please consult your tax advisor. Member Loyalty Discount of 0.50% APR requires maintaining direct deposit to a Cobalt checking or savings account. Loyalty discount is available on brand new loans. Existing home equity lines of credit must refinance with a minimum of $10,000 added to the loan in order to qualify for the loyalty discount. Contact Cobalt Credit Union for available rates and terms for rental or investment properties. Some limitations apply.
| Loan Term | APR* | Payment Example |
|---|---|---|
| 95.01-100% Loan to Value | As low as 11% | $30,000 loan with 60-month term and APR of 11.532% is $652.27 Excluding loan fees and closing costs. |
| 90.01-95% Loan to Value | As low as 9.75% | $30,000 loan with 60-month term and APR of 10.25% is $633.73 Excluding loan fees and closing costs. |
| 80.01-90% Loan to Value | As low as 7.25% | $30,000 loan with 60-month term and APR of 7.688% is $597.58 Excluding loan fees and closing costs. |
| 80% or Lower Loan to Value | As low as 6.49% | $30,000 loan with 60-month term and APR of 6.91% is $586.84 Excluding loan fees and closing costs. |
*APR=Annual Percentage Rate. Terms are based on creditworthiness, loan-to-value ratio, collateral condition and subject to approval requirements. Rates apply to owner-occupied, primary single-family residence only. Property must be insured (including flood insurance, when required). Rate applies to terms of 60 months or less. Minimum loan is $10,000 and maximum amount is $250,000. There may be fees associated with this loan, and an appraisal may be required. Loan fees and closing costs may vary between $400-1000. No annual fee or early termination fee. Loans and lines of credit are available for Nebraska and Iowa properties within Cobalt Credit Union's lending area. Loan interest may be tax deductible. Please consult your tax advisor. Contact Cobalt Credit Union for available rates and terms for rental or investment properties. Some limitations apply.
Learn about the loans we offer:
Home Loan | Personal Loan | Auto Loan | Revolving Line of Credit | ITIN Lending | Secured Loans
