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HOME EQUITY LOANS

Home Equity Loan

Use the power of your home’s equity with a fixed home equity or a home equity line of credit.

You could borrow against the equity in your home for home improvements, education expenses, debt consolidation, or to make large purchases.  We offer low interest rates on a Fixed Home Equity or a Home Equity Line of Credit. The amount available to borrow will be based on the equity in your home.  Once the amount of equity is determined, you can borrow up to 80% of the equity, or 90% of the equity for well-qualified borrowers.

Available on primary residences in NJ, NY, PA, DE, MD, VA, SC, FL and CA.

Features

Home Equity Loan

  • Fixed interest rates
  • Flexible terms of up to 15 years
  • Variety of repayment options 

Click here to Apply

 

Home Equity Line of Credit 

  • Variable rates, based in the Prime Rate
  • A Line you can draw on as needed
  • Borrow from your line for 10 Years

Click Here to Apply

 

 

Get Started

 

Both our Home Equity Line of Credit and Fixed Home Equity Loans offer:

  • No application fees
  • No points
  • No processing fees
  • No prepayment penalty
  • No closing costs*

Have questions or want to know which type of Home Equity Loan product is best for your needs? Speak to a Ridgedale Federal Credit Union loan officer at 973-947-1000 or  862-693-4283 Option 2 or stop by our branch.

Home Equity Loan Rates

Home Equity Line of Credit
Effective Date: 4/3/2025, Rates Subject to Change
Home Equity Line of CreditVariable APR
As Low As Prime Rate  
HOME EQUITY LINE OF CREDIT: APR = ANNUAL PERCENTAGE RATE. NOT ALL APPLICATIONS WILL QUALIFY, SUBJECT TO CREDIT APPROVAL. ADDITIONAL TERMS & CONDITIONS MAY APPLY. RATE MAY VARY BASED ON CREDIT WORTHINESS AND TERM. MINIMUM RATE OF 8.5% AND A MAXIMUM RATE OF 18% APR. TAXES AND INSURANCE(S) ARE NOT INCLUDED IN MONTHLY PAYMENT. RIDGEDALE FCU WILL WAIVE CLOSING COSTS AT INCEPTION OF LOAN. IF THE LOAN IS TERMINATED WITHIN 12 MONTHS OF OPENING, THE CLOSING COST WAIVER IS REVOKED, AND BORROWER(S) WILL BE REQUIRED TO PAY BACK CLOSING COSTS IN FULL TO RIDGEDALE FCU. MINIMUM SAVINGS BALANCE OF $100 REQUIRED TO BE ELIGIBLE FOR LOANS. MEMBERSHIP IS REQUIRED.

Fixed Rate Second Mortgages
Effective Date: 5/2/2025, Rates Subject to Change
Fixed Rate Second MortgagesAPR
Rates As Low As 5.50%
FIXED RATE SECOND MORTGAGES: APR = ANNUAL PERCENTAGE RATE. NOT ALL APPLICATIONS WILL QUALIFY, SUBJECT TO CREDIT APPROVAL. ADDITIONAL TERMS & CONDITIONS MAY APPLY. RATE MAY VARY BASED ON CREDIT WORTHINESS AND TERM. MINIMUM LOAN APPLICATION IS $25,000. TAXES AND INSURANCE(S) ARE NOT INCLUDED IN MONTHLY PAYMENT. MINIMUM SAVINGS BALANCE OF $100 REQUIRED TO BE ELIGIBLE FOR LOANS. MEMBERSHIP IS REQUIRED.

 

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