¹The HFS Home Equity Line of Credit introductory Annual Percentage Rate (APR) of 0.99% is good for twelve (12) months. After the 12 month introductory period, the APR will be based upon the Prime rate (index) as published in the Wall Street Journal plus a margin of .50% for loans up to 80% loan to value (LTV) or the Prime rate plus a margin of 1.50% for loans up to 100% LTV. The non-introductory fully indexed variable rate is 8.25% for loans up to 80% LTV with a maximum credit line of $300,000 and 9.25% for loans up to 100% LTV with a maximum credit line of $100,000 as of 04/01/2023. The APR may be adjusted quarterly on the first day of January, April, July and October with a maximum rate of 18%. The index value is determined as of 10 days before the date of any annual percentage rate adjustment. The current index value is 7.75% as of 04/01/2023.
²HFS FCU will pay up to $2,000 in closing costs on approved lines, however if the Equity Line is closed within 36 months of the plan opening the borrower will be responsible for reimbursing the Credit Union for all fees. Estimated closing costs will be between $0 and up to $2,000. The total term of the loan under the plan shall not exceed 20 years (including a 5 year draw period and a maximum 15 year repayment period) from the opening date. During the draw period, each time a loan advance is taken an amortization period of 240 months will be used to calculate the payment. The property that is used to secure your HFS Home Equity Line of Credit must have valid homeowners insurance including hurricane coverage and be your primary residence located in the State of Hawaii. Flood insurance is also required for properties located in a flood hazard zone. An initial deposit of $800 is required to defray initial expenses. This deposit will be refunded or applied to any closing costs in excess of $2,000 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.
³Maximum credit line of $300,000 for loans up 80% LTV. Maximum credit line of $100,000 for loans greater than 80% LTV up to 100% LTV. Minimum credit line of $5,000.
Membership with the Credit Union is required and open to all who live, work, worship, attend school, volunteer or participate in associations headquartered on the island of Hawaii. A minimum opening balance of $50.00 is required to open a Savings Account.

Subject to credit approval.