Real Estate Loans

Finance at a place that feels like home.

We know how hard you’ve worked to achieve homeownership. That’s why we make sure that your investment works just as hard for you by offering real estate lending with real value. With a Fixed Rate Home Equity Loan, a Home Equity Line of Credit, or a Mobile Home Loan from OTIS, you can continue to build the life you want with our affordable rates, minimal fees, and flexible terms to fit your budget. And the best part? Enjoy friendly local service from local people – you’re always at home here.

Fixed Rate Home Equity Loans

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Home Equity Lines of Credit

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Mobile Home Loans

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Home Equity Rates

Real Estate Loan Rates (Refinance or Second Mortgage)

Secured by Real Estate
Rates effective 1/22/2024
Loan TermAnnual Percentage RateSample Payments per $10,000 borrowed
1-5 years as low as6.00% APR*$193.31 for 60 months
6-10 years as low as6.25% APR*$112.28 for 120 months
11-15 years as low as6.50% APR*$87.12 for 180 months
16-20 years as low as6.75% APR*$76.05 for 240 months

Home Equity Line of Credit

Rates effective 8/1/2023
Variable Rate as low as8.50% APR**Minimum payment: $100 or 1.50% of balance after latest advance, whichever is greater.

 An appraisal may be required at a cost of $400. Additional fees include a title search, flood determination, and recording of the deed. The estimated total charges amount to approximately $1,000.

*(APR) Annual Percentage Rate. Above Real Estate Rates are subject to change without notice. No finance charge fees apply.
** Annual Percentage Rate of Home Equity may vary monthly. The rate is the Wall Street Journal Prime Rate as published on the last business day of the month. The maximum annual percentage rate that may be imposed on a Home Equity Loan is 18.00% APR. No finance charge fees apply, membership eligibility required, and property insurance required. Minimum advance of $500.

How can OTIS work for you?

If you live, work, worship, or attend school in Franklin County, Canton, Fayette, Hartford, Leeds, Livermore, Livermore Falls, Mount Vernon, Readfield, Turner, Vienna, or Wayne, you’re eligible to be part of OTIS FCU – and we’d love to have you join our community.