Your home is a powerful asset. Put it to work.

Greenfield Co-op can help you find smart ways to use the equity in your home for remodeling or other expenses.

We make fast, local decisions, with great rates, plus no annual fee, no application fee, and in certain cases, no appraisal fee.

A Home Equity Line of Credit is a line of revolving credit with an adjustable interest rate. This flexible option allows you to borrow against your home’s equity as you need the funds, rather than taking out a lump-sum loan. No annual fee and flexible repayment terms.

Introductory Rate of 5.40%

APR FIXED for 1 year* (Current Prime Rate is 6.75%)

  • 1‐2 Family Owner Occupied

  • 10 Year Draw Period / 15 Year Amortized Repayment Period

  • $25,000 Minimum Loan Amount / $400,000 Maximum Loan Amount**

No Application Fee, No Closing Costs. Bank will use tax assessed value (from most recent property tax bill) and will lend up to 70% LTV (combined 1st & 2nd Mortgage). Maximum Loan to Value 80% (combined 1st and 2nd Mortgage) with Appraisal (Appraisal Fee: $500 or $650, if applicable).

*After the one year introductory period, the annual percentage rate (APR) will be Prime + 0% and will vary monthly based upon the Wall Street Journal Prime Rate. Maximum rate is 18%.

**Loans/lines over $250,000 will be required to have an appraisal and have title insurance.

Payments do not include real estate taxes or insurance. Your payment obligation will be greater. Homeowners insurance and flood insurance (if applicable) is required. Early Cancellation Fee of the lesser of $500 or 2% of the credit limit will be assessed if loan is paid off within the first 24 months.