Your home is more than just a place to live; it’s also your biggest investment. Put the value of your home to work for you with one of our home equity loans or lines of credit. Both are great options for gaining access to funds you can use for other expenses.

A home equity loan gives you:

  • Funds for a large one-time purchase
  • Fixed rates
  • Predictable monthly payments over a fixed period of time
Apply for a Home Equity Loan

A home equity line of credit (HELOC) gives you:

  • Flexibility
  • Access to funds when you need them
  • Variable rates
  • Ability to meet ongoing needs (like tuition payments or medical bills)
Apply for a Home Equity Line of Credit

We offer two great HELOC options:

  • Option 1: low introductory rate, Centra pays closing costs up to $400 (reimbursement required if line is closed before 36 months), $50 annual fee with first year waived
  • Option 2: low introductory rate, no annual fee, you pay closing costs

No matter which one you choose, you’ll get great low rates and personalized service without having to pay any application fees.

Get started!

 

Know You’re On Solid Ground

You can protect your loan from the unexpected with Centra’s Debt Protection Program. It’s a voluntary loan payment program with simple eligibility requirements that gives you the peace of mind that comes with knowing you’re protected from delinquency, default or foreclosure in the event of a sudden income loss.

Get information and answers about home equity loan options or loan protection by contacting us or visiting your local Centra branch.

*APR= Annual Percentage Rate and is based on a variable loan product. All loans are subject to credit approval. Applications must be received by June 30, 2015. The introductory promotional 1.49% APR will be in effect for the first 6 months from the time you close the loan. After the first 6 months, the APR will adjust to our standard rate. The APR is based on the Prime Rate (index) plus a margin of Prime Plus 0.00% to 2.00% (currently 3.25% – 5.25%). We will use the most recent index available to us as of 10 business days prior to the month-end before the date of any APR adjustment. The rate is subject to change the first of each month to reflect any change in the index. The maximum APR that can apply is 18.00%; the minimum that can apply is 3.50%, unless you choose auto-deduct from a Centra checking account, which will lower the APR by .25%. If you cancel auto-deduct, the effective loan rate will increase by .25%. There is a $50 annual fee, which is waived for the first year. Your minimum payments will not repay the principal that is outstanding on your line. You will be required to pay the entire outstanding balance in a single payment at the end of the term. The term is 10 years, and you may refinance the balance at that time. The minimum line amount is $10,000. This offer is only good for new loans to Centra
on owner occupied residential properties. Homeowners’ insurance is required. Consult your tax advisor about deductibility of interest. Closing costs will be paid by Centra up to $400, and recording fees will be limited to $50. If the line is paid off and closed within the first 36 months, closing costs must be repaid. Fixed-term and fixed-rate Home Equity Loans are also available. No annual fee HELOC is also available. Offer subject to change without notice.