Variable rates based on Prime plus a margin (margin identified at time of application, is defined as the number of percentage points the lender adds to the index rate to determine the annual percentage rate to be charged).
No closing costs
15 year draw period
Minimum loan amount is $5,000
Payment amount is the balance of the loan amortized over 20 years
Please read and retain a copy of preliminary disclosures.
All terms are subject to change. If terms change (other than the annual percentage rate) and you decide, as a result, not to enter into an agreement with us, you are entitled to a refund of any fees you paid to us or anyone else in connection with your application.
Finance charges may be tax deductible (consult your tax advisor).
We will take a security interest in your home (collateral). You could lose your home if you do not meet the obligations in your agreement with us.
*Introductory Annual Percentage Rate (APR) of 2.99% begins on date of closing and is effective for 12 months. After the 12-month period, the variable rate APR as disclosed in your Home Equity Line of Credit Account Credit Agreement and Disclosure Statement will apply. Current APRs range from 4.00% to 8.25%. Maximum APR that may apply is 18.00%. *Variable rates based on Prime plus or minus a margin (margin identified at time of application, is defined as the number of percentage points the lender subtracts or adds to the index rate to determine the annual percentage rate to be charged). Minimum loan amount of $5,000. Closing costs typically include appraisal, title insurance, recording fee and range from $350 to $2,000. These costs are initially waived by the credit union. Repayment of waived costs will be required if the HELOC is closed and canceled within 24 months of origination. Property insurance required. Monthly payments based on a 20-year amortization with a minimum monthly payment of $50.00. Programs, rates, terms and conditions are subject to change without notice. Introductory APR offered on new and existing Dort Financial HELOCs. Members who have already received the introductory rate of 2.99% APR in the last 12 months do not qualify to extend their promotional period. Offer valid on owner occupied property only where collateral loan to value is 80% or less. Proof of income required, subject to normal underwriting guidelines. Other restrictions may apply. Introductory APR offer good through December 31, 2021. Consult your tax advisor about potential tax benefits.
Administrative Address: 9048 Holly Rd., Grand Blanc, MI 48439
Mailing Address: P.O. Box 1635, Flint, MI 48501 810.767.8390 | Toll Free: 800.521.3796
Routing Number: 272479919
NMLS# - 469349
If you are using a screen reader or other auxiliary aid and are having problems using this website, please call 810.767.8390 for assistance. All products and services available on this website are available at all Dort Financial Credit Union locations.