Loan Account Rates

Loan Products Rate Disclosures

*Annual Percentage Rate (APR) is accurate as of publication date, and is subject to change. For any Red Rocks loan, you must have a membership with Red Rocks Credit Union and maintain a minimum savings account balance of $5. Published loan rates, terms and amounts are based on credit approval and are subject to change.

* Approved credit required. Payment amount determined by APR and term. Terms up to 84 months available.

Home Equity Option

* Published HELOC rates based on approved credit and loan-to-value rates are subject to change. Home Equity Option is subject to a variable rate based on the highest Prime Rate as published in the Money Rates section of the Wall Street Journal on the 25th day of the month. Changes in the Index will result in changes in the interest rate on the first day of the following month. Home Equity Option has a floor rate based on approved credit and LTV (ask a Red Rocks sales officer for details). The Home Equity Option HELOC features a 10-year draw period with a minimum payment of 1% of the balance per month ($50 minimum). After draw period ends, there is a 1.75% repayment factor per month, and will be established on the first day of the Repayment Period or subsequent change in the Interest Rate to the amount necessary to fully amortize your then unpaid balance by the Agreement Maturity Date ($50 minimum). There is a $10,000 minimum balance requirement and a $50 fee each time the Home Equity Option HELOC balance is converted to a Fixed-Rate 2nd Mortgage. Only one rate lock within a 12-month period, with no more than two fixed-rate locks at any given time, allowed. Home Equity Option fixed rate is based on the Fixed-Rate 2nd Mortgage rate as published on the Red Rocks' website at the time of the lock. Loan amounts available up to $100,000 for LTVs up to 89.9%. Some restrictions may apply.

Fixed-Rate Home Equity Loan

* Published home equity loan rates, terms and amounts based on approved credit and subject to change. Loan amounts available up to $100,000 for LTVs up to 89.9%. Maximum LTV will be 89.9%. For the special rate of 4.99%, your combined loan-to-value must be below 75%.

* Published home equity loan rates, terms and amounts based on approved credit and subject to change. Loan amounts available up to $100,000 for LTVs up to 89.9%. Maximum LTV will be 89.9% . Term of loan is 30 years with a balloon payment at 7 years.

* Published HELOC rates based on approved credit and loan-to-value and adjust quarterly based on the Prime Rate as published in the Wall Street Journal 25 days prior to the beginning of each quarter. Loan amounts available up to $100,000 for LTVs up to 89.9%. Maximum LTV will be 89.9%. Minimum $500 check/EFT advances are required. Red Rocks' HELOC has a floor rate based on approved credit and LTV (ask a Red Rocks service officer for details). HELOC features a 10-year draw period with a minimum payment of 1.5% of balance per month ($50 minimum). After draw period ends, there is a 1.75% repayment factor per month ($50 minimum).

Signature Loan

*Published loan rates, terms and amounts are based on credit approval and are subject to change.

Overdraft Line of Credit

*Published loan rates, terms and amounts are based on credit approval and are subject to change.