*2.99% APR^‡ HELOC Offer: You must (1) complete an application for a new Canvas Preferred Equity Line of Credit (PELOC) by 5/31/2019; and (2) close the loan and draw at least $5,000 within 60 days of the application date. The Annual Percentage Rate (APR) of 2.99% is only available for a PELOC and only available for one year to the date of the initial advance. Only the first advance will receive the promotional rate. The APR only applies to new balances at your request. Minimum payments made to this PELOC segment will be interest only for one year. Any remaining balance will be repriced to the mainline segment at the standard rate when the promotional term ends. Funds can be advanced online, by phone, at a branch, or by check. Subject to credit and property approval. Membership in good standing is required (i.e. no delinquent accounts). All owners of the collateral property must be a co-borrower on the PELOC. Certain restrictions and limitations may apply. Closing costs are waived for this promotion; however, an appraisal fee may be charged. PELOC must be secured by your primary residence and must be owner-occupied. Minimum loan amount is $10,000. The rate is indexed to prime plus or minus a predetermined margin and is subject to change quarterly. The maximum rate is 18.00% APR; the floor is 3.64% APR. Rate applies for a maximum loan-to-value (LTV) of 80.00% on single family homes, 70.00% on condos, townhomes and multi –family homes. Payment on balance subject to promotional rate may be different than payment on other loan balances. Colorado residences only. Please refer to loan disclosures for details.

^‡APR is Annual Percentage Rate (APR). Best Rate may vary based on personal credit history, value of collateral, loan to value (LTV), terms, and other factors. Canvas Credit Union provides details upon completion of a loan application. Rates are subject to change without notice. Canvas Credit Union membership is required.
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