Home Equity

Make the equity you have in your home work for you. If you are looking to make improvements on your home or need help financing your child’s education and your home is worth a significant amount more than you owe, a Home Equity Line of Credit may be right for you.

Our Home Equity Line of Credits are designed with you in mind.....

Home Equity Line of Credit
Whether your plans include home improvements, a new car, college tuition, taking a much needed vacation, or some other purpose, Wallkill Valley Federal’s Home Equity Line of Credit offers convenient checkbook access to funds. Here are just some of its many benefits:

  • Low Closing Costs *
  • 15 Year Credit Line Draw Period
  • Prime + 0 For The Life of The Loan
  • Interest Charged Only On Funds You Use
  • No Application Fees
  • No Annual Fees
  • Credit Lines up to $150,000
  • Utilize up to 80% of Your Home’s Equity
  • No Prepayment Penalties or Recapture Fees
  • Fast, Local Loan Approvals
  • Interest May Be Tax Deductible **

Closed End Home Equity Loans
If you have a financial need, but do not require a line of credit, our Closed End Equity Loans may be what you are looking for. If you have questions regarding this type of product or would like to speak with one of our lending experts to find out if a Closed End Equity Loan is right for you, please don’t hesitate to give us a call.

Benefits of a closed end Home Equity Loan:

  • Low Fixed Rates
  • Low Closing Costs *
  • Fast, Local Loan Approvals
  • Utilize up to 80% of Your Home’s Equity
  • No Prepayment Penalties or Recapture Fees
  • Fixed Monthly Payment
  • Interest May Be Tax Deductible **
  • Terms Up To 15 Years

Home Equity Application

The fine print…
* You will be responsible for paying the NYS Mortgage Tax and recording fees related to your chosen loan/credit line amount. All other closing fees are paid by lender.
** We recommend that you check with your tax advisor.

NMLS Institution ID#: 404992