The Greylock Home Equity Line of Credit (HELOC) allows the Member to borrow against his/her home's accumulated equity without disturbing his/her savings or other investments. HELOC has an interest-only payment feature and there are no loan-advance fees, annual fees or closing costs (for first time applicants). The Member can make advances by simply writing a check, visiting one of our branches, or by performing a transfer through Greylock's internet home banking. Complete an application today!

80% LTV Program

• Up to 80% of the appraised value of the owner-occupied property (up to four units)minus the existing first mortgage balance.
• Ten year draw/advance period followed by a fifteen year fully amortized payback period.
• NO CLOSING COSTS for first time applicants.***
• FOREVER PRIME OPTION available - to be eligible, member must have an acitve deposit relationship with Greylock Federal Credit Union - rate will then be Wall Street Journal Prime only.

Click here for applicable rates, terms and conditions.

90% LTV Program

• Up to 90% of the appraised value of the owner-occupied property (up to four units) minus the existing first mortgage balance.
• Ten year draw/advance period followed by a fifteen year fully amortized payback period.
• NO CLOSING COSTS for first time applicants.***

Home Equity Fixed Rate/Fixed Term Loan - up to 100% LTV Program

• Up to 100% of the appraised value of the owner-occupied property (up to four units) minus the existing mortgage balances.
• All existing mortgages must be with Greylock Federal or refinanced to Greylock Federal to be eligible for 100% LTV financing.
• Fully amortized up to twenty (20) years.
• NO CLOSING COSTS.
• Fixed Rate of Interest

Click here for applicable rates, terms and conditions.

Apply for a Home Equity Line of Credit or Home Equity Loan Today!

All terms subject to change without prior notice.

***You may have to reimburse the credit union for any fees/closing costs paid on your behalf if the Home Equity Line of Credit plan is closed within the first three years. Property insurance required.

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For more information please dial (413)236-4000 / (800)207-5555 or E-mail us at: Greylockws@greylock.org.

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