The Home Equity rates appearing below are effective as indicated and is subject to immediate change by Board action if necessary, due to circumstances not known at this time. If you have any questions or require current rate information on your account please give us a call or stop by any of our offices.

Home Equity Rates effective as of: July 1, 2010.

(* ) The initial discounted rate will be in effect for 6 months.
(**) The current rate that would have applied without the initial discounted rate.

HFS FCU will pay for all necessary closing costs on approved lines, however if the Equity Line is closed within the 5-year draw period, applicant will be responsible for reimbursing credit union for all fees. Estimated closing costs will be between $0 and up to $2000. The HFS Equity Line introductory Annual Percentage Rate (APR) of 0.99% is good for six months and available for creditworthy borrowers on equity lines of 80% loan-to-value or a maximum of $300,000, whichever is less. Minimum credit line of $5000. After the six month introductory period, the APR will be based upon the 3-month Treasury Bill rate plus a margin of 3.50%, rounded up to the next 0.250%, adjusted quarterly with a maximum rate of 18%. The non-introductory fully indexed variable rate is 3.750% as of 07/01/10. Qualified borrowers will have a 5 year draw period and the loan payment will be amortized over a 20-year period. The property that is used to secure your HFS Equity Line must have valid homeowners insurance including hurricane coverage and be located in the State of Hawaii. Flood insurance is also required for properties located in a flood hazard zone. An initial deposit of $500 is required to defray the initial appraisal expenses, this deposit will be refunded, if the line is approved. This offer is available for a limited time only and is subject to change without notice. There are no annual fees.

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