Altra’s Routing #: 291881216

Home Equity Line of Credit (HELOC)

A home equity line of credit is a great way to finance major expenses like home improvements or education costs.

Our HELOCs benefits:

  • No application fee and No annual fee
  • No pre-payment penalties
  • Access money as needed and make payments only on the funds you use
  • Easy access to available credit – make transfers in person, over the phone, or online
  • HELOC can be set up as free overdraft protection for your Altra checking account(s)
  • Rate adjusts monthly based on the Prime Rate + 0%, 4% minimum rate
  • Closing costs vary by state.

Home Equity Line of Credit currently not available in Texas. Please contact Altra for other Home Equity Loan options available.

Home Equity Line of Credit (HELOC) Rates

Rates effective May 1, 2024; subject to change.

Loan *APR
Home Equity Line of Credit
(variable rate, can change monthly)
as low as 8.50%* – after intro Ask for Details

*APR = Annual Percentage Rate. Limited time offer. Introductory rates shown are for up to 80% Loan to Value (LTV); after introductory rate period, rate adjusts monthly based on a margin determined at account opening and the current Prime Rate. After introductory period, loans up to 80% LTV are priced as low as Prime + 0% with a floor of 4%. Introductory rate available on new HELOCs only- restrictions apply; contact Altra for details and eligibility. Loans available to qualified borrowers for owner occupied properties. Proof of homeowner’s insurance is required. Not available in Texas. Please consult your tax advisor for deductibility. Contact Altra for current rates and complete details.

**Closing cost credit of up to $150 (credit not to exceed actual costs) does not apply to refinance of an existing Altra HELOC. Member must have checking, direct deposit and eStatements to qualify. Closing costs vary by state and are the responsibility of the homeowner; call for details.

HELOC Payments

All HELOCs require interest-only minimum monthly payments on the outstanding balance. You have the flexibility to pay only the interest due or to make additional payments to reduce the balance. Contact Altra for complete details.