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Using the value in your home, you have the power to borrow at a low rate. Home equity loans and lines of credit (HELOCs), put you in control of tackling home improvement projects, paying off high-interest debt and any other major purchases you want to make.
We’ll provide the basic information about your home equity loan here. If you’re ready to take the next step, connect directly with a home equity specialist who will walk you through the process
You pay no closing costs when you finance at Arsenal. Closing costs typically include items like appraisal, title, flood certification and recording fees.
Do more with your loan. Borrow up to 100 percent on your home equity loan or HELOC. Most lenders only let you borrow 60 to 80 percent of your home’s equity.
Many Americans are saddled with high-interest credit card debt. If you don’t pay this off quickly, it can start to become chaotic. Gain more balance in your life by consolidating it to a low-interest home equity loan or line of credit.
Gain more balance in your lifeBoth loan options are convenient, low-rate ways to use the equity in your home. The right loan for you depends on your own unique preferences.
Receive your loan amount in a single, lump sum.
Perfect for financing a big home project or consolidating high interest debt.
Fixed rates mean predictable payments every month.
Receive a line of credit to access at any time.
Perfect for home improvements, everyday repairs or anything else you need.
Pay a variable rate depending on when you draw.
Fill out the quick form with your basic information and a member of our home equity lending team will get back to you shortly.
Or, email us directly at equityloans@arsenalcu.com. Please note that we are only able to serve home equity loans in the metro St. Louis area.
Reduce your carbon footprint. Add value to your home. Our Go Green loans start at 6.49% APR*.
Use your Go Green loan for upgrades like solar panels, windows, doors, siding and insulation.
Unlike home equity loans and lines of credit, Green loans require no appraisal. Apply online and get a quick decision
Borrow as little as $500 or as much as $15,000. Get flexible terms up to 60 months.
Use our calculator to estimate your monthly payment. We're here for you if you need help or want to discuss your home equity options. View current rates on the table below.
Format: 12m, 36m, 3y, 7y
APR*
Term
7.00% APR-23.50% APR
0-36 months
7.00% APR-24.00% APR
37-48 months
7.50% APR-24.00% APR
49-63 months
8.50% APR-24.00% APR
64-72 months
9.25% APR-18.25% APR
73-84 months
New auto loan (current and last model year, not titled) – Up to 125% of purchase price financed (including taxes, dealer handling charges, warranty and insurance) based on creditworthiness.
*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 9.1.2023.
APR*
Term
7.00% APR-23.50% APR
0-36 months
7.00% APR-24.00% APR
37-48 months
7.50% APR-24.00% APR
49-63 months
8.50% APR-24.00% APR
64-72 months
9.25% APR-18.25% APR
73-84 months
Current and last year’s models previously titled – Up to 125% of current NADA retail value financed (including taxes, dealer handling charges, warranty and insurance) based on creditworthiness.
*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 9.1.2023.
APR*
Term
7.50% APR-24.00% APR
0-36 months
7.75% APR-24.50% APR
37-48 months
8.50% APR-24.50% APR
49-63 months
9.00% APR-24.50% APR
64-72 months
10.50% APR-17.25% APR
73-84 months
Models that are 3-5 years old – Up to 125% of current NADA retail value financed (including taxes, dealer handling charges, warranty and insurance) based on creditworthiness.
*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 9.1.2023.
APR*
Term
7.50% APR-24.25% APR
0-36 months
8.00% APR-24.75% APR
37-48 months
8.75% APR-24.75% APR
49-63 months
9.75% APR-24.75% APR
64-72 months
11.00% APR-16.00% APR
73-84 months
Models that are 5-9 years old – Up to 125% of current NADA retail value financed (including taxes, dealer handling charges, warranty and insurance) based on creditworthiness.
*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 9.15.2023.
APR*
Term
10.25% APR-25.25% APR
0-36 months
10.75% APR-25.75% APR
37-48 months
11.25% APR-25.75% APR
49-63 months
Older Models (2013-1990) – Up to 95% of current NADA retail value financed
*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 9.1.2023.
APR*
Term
10.00% APR-19.00% APR
0-60 months
10.50% APR-20.00% APR
61-120 months
11.00% APR-21.00% APR
121-144 months
11.50% APR-22.00% APR
145-180 months
New Boats (certificate of origin) – Up to 100% of MSRP financed (plus tax, title and license)
*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 9.15.2023.
APR*
Term
10.00% APR-19.00% APR
0-60 months
10.50% APR-20.00% APR
61-120 months
11.00% APR-21.00% APR
121-144 months
11.50% APR-22.00% APR
145-180 months
Used Boats – Up to 90% of NADA retail value financed
*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 9.15.2023.
APR*
Term
7.50% APR-23.75% APR
0-36 months
8.00% APR-11.50% APR
37-60 months
9.75% APR-13.75% APR
61-84 months
New Motorcycles and Personal Watercraft – (current model year and up to two previous model years with no previous title)
*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 9.15.2023.
APR*
Term
7.50% APR-23.75% APR
0-36 months
8.00% APR-11.50% APR
37-60 months
9.75% APR-13.75% APR
61-84 months
Used Motorcycles/Pers. Watercraft (model previously titled and no more than six years old, includes current year) – Up to 115% of NADA retail value financed (plus tax, title, and license)
*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 9.15.2023.
APR*
Term
12.00% APR-25.25% APR
0-84 months
12.50% APR-25.50% APR
85-120 months
13.50% APR-25.75% APR
121-144 months
17.75% APR-26.00% APR
145-180 months
New Motorhomes, Campervans, Travel Trailers and Campers – Up to 115% of MSRP financed (plus tax, title and license)
*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 9.15.2023.
APR*
Term
12.00% APR-25.25% APR
0-84 months
12.50% APR-25.50% APR
85-120 months
13.50% APR-25.75% APR
121-144 months
17.75% APR-26.00% APR
145-180 months
Used Motorhomes, Campervans, Travel Trailers and Campers – Up to 115% of NADA used wholesale value financed (plus tax, title and license)
*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 9.15.2023.
Loan Type
APR*
Term
Payment
New car: 2022-2024
8.50%
72 months
$17.78
Used car: 2022-2023
7.00%
48 months
$23.95
Used car: 2019-2021
10.50%
84 months
$16.86
Used car: 2014-2018
9.75%
72 months
$18.40
Older-model auto
10.75%
48 months
$25.72
New or used boat
10.50%
120 months
$13.49
New motorcycle
9.75%
72 months
$18.40
Used motorcycle
7.50%
36 months
$31.11
New or used RV
12.50%
120 months
$14.64
Personal
10.49%
18 months
$60.28
Monthly loan payment examples per $1,000 borrowed
Use our free calculator to estimate your monthly payments and check out other financial calculators we provide at no cost.
*APR=Annual Percentage Rate. Subject to change and based on creditworthiness. Rates as of 9.15.2023.
All ACU loans are simple-interest loans calculated on the declining balance and have no prepayment penalties.
Aggregate total for unsecured debt is $50,000.
Loan Type
APR*
Term
Fixed-Rate 60% Home Equity Loan
5.50% Rate 5.50% APR $20,000 min., $150,000 max.
60% equity Up to 60 months 5-year amortization no escrow
Fixed-Rate 80% Home Equity Loan
6.25%-7.75% Rate 6.25%-7.75% APR $5,000 min., $150,000 max
80% equity 60-180 month repayment terms
Fixed-Rate 100% Home Equity Loan
6.75-8.25% Rate 6.75-8.25% APR $5,000 min., $150,000 max.
100% equity 60-180 month repayment terms
APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 9.1.2023.
– Equity is the difference between what you still owe on your house (mortgage balance) and what your house is worth on the market now (appraised value).
– MO property located in St. Louis City, St. Louis County, Jefferson County, Franklin County, Washington County, St. Francois County and Ste. Genevieve County, as well as St. Charles County. IL property located in St. Clair County, Madison County, Monroe County and Randolph County.
To calculate how much you can borrow, take your home’s current value and multiply it by 60%, 80% or 100%. Take that figure and subtract how much you still owe on your current mortgage. The result is your available equity.
For example: If your home is worth $100,000, then $80,000 will be 80% of it. Next, if your current mortgage balance is $50,000, you will subtract it from $80,000. The maximum amount you can borrow for 80% is $30,000.
Loan Type
APR*
Term
Variable-Rate HELOC (Home Equity Line of Credit) - 80% Equity
Prime
120 months 240-month amortization adjustment cap: 2%; floor rate: 4.50%; life cap: 20%
Variable-Rate HELOC (Home Equity Line of Credit) - 100% Equity
Prime + 1.0%
120 months 240-month amortization adjustment cap: 2%; floor rate: 6%; life cap: 20%
APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 9.1.2023.
– Equity is the difference between what you still owe on your house (mortgage balance) and what your house is worth on the market now (appraised value).
– MO property located in St. Louis City, St. Louis County, Jefferson County, Franklin County, Washington County, St. Francois County and Ste. Genevieve County, as well as St. Charles County. IL property located in St. Clair County, Madison County, Monroe County and Randolph County.
To calculate how much you can borrow, take your home’s current value and multiply it by 60%, 80% or 100%. Take that figure and subtract how much you still owe on your current mortgage. The result is your available equity.
For example: If your home is worth $100,000, then $80,000 will be 80% of it. Next, if your current mortgage balance is $50,000, you will subtract it from $80,000. The maximum amount you can borrow for 80% is $30,000.
Loan Type
APR*
Term
For current rates on mortgages, please visit contact us at mortgages@arsenalcu.com. Or, call Shane Wecker at 314.501.3360. Visit our mortgage application site to start your application online.
Loan Type
APR*
Term
Payment
Home equity (fixed, 60%)
5.00%
60 mths
$188.71
Home equity (fixed, 80%)
5.65%
120 mths
$109.27
Home equity (fixed, 100%)
5.85%
180 mths
$83.58
APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 9.1.2023.
Monthly loan payment examples per $10,000 borrowed.
APR=Annual Percentage Rate
All ACU loans are simple interest loans calculated on the declining balance and have no prepayment penalties.
*Aggregate total for unsecured debt $50,000.
**ACU may pay closing costs for home equity loans or lines of credit. Borrower is responsible for obtaining and paying for comprehensive insurance to cover the value of the real estate. If the borrower repays the loan within the first 12 months, the borrower must reimburse the credit union for the closing costs.
Card Type
Limit
APR*
Fixed-rate Visa Platinum
$300 - $30,000 credit limit
9.90% APR-17.90% APR
Variable-rate Visa Platinum
Max $5,000 credit limit
Prime + 4.50% with a cap of 18.90% (may adjust monthly)
No annual or monthly fees; no minimum finance charge; no cash advance fees; no balance transfer fees; no penalty rate; 25-day grace period.
*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 9.1.2023.
Term
Minimum Balance to Earn
APY* / Interest Rate
With IRA CD - APY / Rate
3-month Monthly
$500
2.75% / 2.722%
2.75% / 2.722%
6-month Quarterly
$500
4.00% / 3.941%
4.00% / 3.941%
12-month Quarterly
$500
4.35% / 4.281%
4.35% / 4.281%
15-month Quarterly
$25,000
5.15% / 5.053%
5.15% / 5.053%
18-month Quarterly
$500
4.55% / 4.474%
4.55% / 4.474%
24-month Quarterly
$500
3.50% / 3.455%
3.50% / 3.455%
36-month Quarterly
$500
3.55% / 3.504%
3.55% / 3.504%
48-month Quarterly
$500
3.60% / 3.552%
3.60% / 3.552%
60-month Quarterly
$500
3.65% / 3.601%
3.65% / 3.601%
*APY=Annual Percentage Yield. Rates Subject To Change Without Notice. Rates as of 9.1.2023.
**Money Mover CD $25,000 minimum balance, new funds only. No rate bump allowed. Subject to change without notice.
Bonus rate of .25% may be applied to any certificate except 15-month opened with new funds of $5K or more not currently on deposit at Arsenal Credit Union
All certificates have the option of paying quarterly or monthly interest that would be transferred to another Arsenal Credit Union account. Interest checks may be paid monthly for all certificates with a $10,000 minimum balance. Selecting any of these interest options will affect the annual percentage yields quoted on this rate sheet – the annual percentage yields are calculated based on quarterly compounding of the interest.
The minimum balance requirement is $100 for members age 18 and under to earn the stated APY.
Fees may reduce earnings on the account. A penalty rate may be imposed for early withdrawal.
Product
Minimum Balance to Earn APY*
APY / Dividend Rate / Interest Rate
Compounding Frequency
Money Market Account
$2,500 - $9,999
2.00% / 1.982%
Monthly
$10,000 - $24,999
2.50% / 2.469%
Monthly
$25,000 - $49,999
3.00% / 2.956%
Monthly
$50,000 - $99,999
3.25% / 3.203%
Monthly
$100,000 and over
3.50% / 3.445%
Monthly
Regular Savings
$100
0.15% / 0.15%
Monthly (Dividend)
Special Saving
$0
0.15% / 0.15%
Monthly (Dividend)
Tracker Kids Club
$0
0.15% / 0.15%
Monthly
Christmas Club
$0
0.15% / 0.15%
Monthly
Vacation Club
$0
0.15% / 0.15%
Monthly
Value Checking
$0
0.05% / 0.05%
Monthly
Advantage Plus Checking
$0
0.08% / 0.08%
Monthly
Business Checking II
$500
0.05% / 0.05%
Monthly
Business Checking III
$2,500
0.08% / 0.08%
Monthly
IRA Savings Account***
$0
0.20% / 0.20%
Monthly
DEPOSIT RATES AND TERMS
*APY=Annual Percentage Yield. Rates Subject To Change Without Notice. Rates as of 9.1.2023.
Bonus rate of .25% may be applied to any certificate except 15-month opened with new funds of $5K or more not currently on deposit at Arsenal Credit Union
All certificates have the option of paying quarterly or monthly interest that would be transferred to another Arsenal Credit Union account. Interest checks may be paid monthly for all certificates with a $10,000 minimum balance. Selecting any of these interest options will affect the annual percentage yields quoted on this rate sheet – the annual percentage yields are calculated based on quarterly compounding of the interest. Fees may reduce earnings on the account. A penalty rate may be imposed for early withdrawal.
The minimum balance requirement is $100 for members age 18 and under to earn the stated APY.
**On IRA savings accounts, fees could reduce earnings on the account and early withdrawal penalties may be imposed.
“I have been a member since the 80s. I’ve always been really happy with any loans that I’ve had and the staff is always friendly and helpful.”
William S.
Member
Our home equity specialists are waiting to hear from you.
Credit union membership and qualifications are required. Loan terms and conditions depend on credit qualifications and approval. See if you’re eligible to join the credit union here. For assistance opening accounts, applying for loans and other general inquiries, start a live chat during normal business hours.
Federally Insured by NCUA | Equal Housing Opportunity | NMLS #401926 | Routing #281081233
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