Mortgages | Home Equity Loans | Home Equity Lines of Credit
Optional Debt Protection
Related Items: Direct Deposit & Payroll Deduction | Calculators | Insurance Services
Capitol View Credit Union NMLS: 504366
Mortgages
Capitol View partners with Premier Lending Alliance to offer our members valuable, low-interest mortgages to fit their budget. Premier’s experience ensures that your mortgage process and underwriting will be straight-forward and low-stress.
Premier Lending offers various types of mortgages to fit your needs including conventional fixed mortgages (10-30 years), adjustable rate mortgages, FHA, VA, and USDA. Typically mortgages close within 4-6 weeks depending on the type and size.
Contact our mortgage originator, Tim Wells, to learn more at 515-867-2728, TimW@premierLA.org, or click here to apply online now.
*Capitol View finances properties in Iowa, Illinois, Minnesota, Nebraska, South Dakota, Colorado, Georgia, and Wisconsin.
Mortgage Rates
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Mortgage rates vary daily. Tim Wells |
Home Equity Loans
Home equity loans are a great way to finance large projects or purchases. Whether building an addition, remodeling, education expenses, or consolidating debt a home equity loan will offer a low, fixed rate for anything you put your mind to.
By using your home’s value as collateral (up to 85% loan-to-value), you will be able to secure a low, fixed rate loan for whatever your needs are. Contact one of our loan officers today to learn more about our home equity loans.
Learn about debt protection available with home equity loans.
Contact one of our loan officers at caploan@capview.com
or call 515-348-8350, Option 4.
| Home Equity Loan (Fixed Rate) | ||
| Term | Regular Rate | Loyalty Rate* |
| 60 Months – 85% LTV | 6.24% | 5.99% |
| 120 Months – 85% LTV | 6.74% | 6.49% |
| 180 Months – 60% LTV | 6.74% | 6.49% |
| 180 Months – 85% LTV | 7.24% | 6.99% |
| LTV = “Loan-To-Value” Ratio Add 2% for LTV above 85% |
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| Rates are as of February 9, 2023 and are subject to change. APR = Annual Percentage Rate. All rates listed are our best rates and may vary based on creditworthiness and other factors. Capitol View uses TransUnion for credit reporting information. To view a copy of your credit report visit www.annualcreditreport.com |
*Loyalty Rates:
Members who enroll in direct deposit of at least $1,000/mo and a setup automatic payments for their loan qualify for a 0.25% rate discount on that loan. This discount cannot be combined with other rate discounts.
Home Equity Lines of Credit
Home equity lines of credit are similar to home equity loans because they use your home’s equity as collateral. A benefit of home equity line of credit is that you are approved for a total limit, however you only pay interest on what you draw from, unlike a home equity loan which offers a one-time withdraw. For instance, if you are approved for up to $100k but only withdrawal $20k, you will only pay interest on that $20k.
Home equity lines of credit offer low, variable rates and funds can be drawn for up to 5 years from the loan opening. You get the flexibility of borrowing as much or as little as you need even as your needs change. Contact one of our loan officers today to learn more about our home equity lines of credit.
Learn about debt protection available with home equity lines of credit.
Contact one of our loan officers at caploan@capview.com
or call 515-348-8350, Option 4.
| Home Equity Line of Credit (Variable Rate) | |
| Term | Rate |
| Up to 85% LTV | Based on Prime |
| LTV = “Loan-To-Value” Ratio | |
| Rates are as of February 9, 2023 and are subject to change. APR = Annual Percentage Rate. All rates listed are our best rates and may vary based on creditworthiness and other factors. Capitol View uses TransUnion for credit reporting information. To view a copy of your credit report visit www.annualcreditreport.com |
Optional Debt Protection
Capitol View offers optional debt protection on our home equity loans and lines of credit. Below is a brief overview of our available protection plans:
| Benefit | Plan 1 | Plan 2 | Plan 3 |
| Death |  |
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| Disability | |
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| Involuntary Unemployment | |
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| Rate per $1,000 of outstanding balance | |||
| Single | $1.15 | $0.56 | $0.11 |
| Joint | $2.15 | $1.05 | $0.20 |
Definitions of Coverage:
Death – The scheduled monthly payment (up to $1,500/mo.) is cancelled for up to six months.
Disability – The monthly payment (up to $1,500/mo.) is cancelled for up to six months with a maximum cancellation of $18,000 over the term of the loan per borrower.
Involuntary Unemployment – After a 90-day waiting period, the monthly payment (up to $1,500/mo.) is cancelled for up to three months with a maximum cancellation of $18,000 over the term of the loan per borrower.
| Coverage Disclosures:
This product is optional – Your purchase of debt protection is optional. Whether or not you purchase this product will not affect your application for credit or the terms of any existing credit agreement you have with us. Additional disclosures – We will give you additional information before you are required to pay for debt protection. This information will include a copy of the contract containing the terms and conditions of debt protection. Eligibility requirements, conditions, and exclusion – There are eligibility requirements, conditions, and exclusions that could prevent you from receiving debt protection benefits. You should carefully read your debt protection contract for a full explanation of the terms and conditions of the debt protection program. |
Ask your loan officer about eligibility requirements, conditions, and exclusions that may apply.
You may cancel this coverage at any time.
