Home Equity Loan

If you’ve built equity in your home over the years...

You can use that equity for home improvement projects, education expenses, consolidating your debts, and more with rates starting at 3.49% APR*.

Plus, the interest paid on your Home Equity Loan may be 100% tax deductible.1 Your credit union can help you recycle the money in your home with a Home Equity Loan.

Learn more about a home equity loan, advantages and disadvantages and the many uses .


Reasons Why You Might Want A Home Equity Loan

If you’re thinking about making some home improvements or trying to figure out a way to pay for your child’s college education, you may be thinking about tapping into your home's equity as a way to cover the costs.

 




Higher Education Home Remodel Life Events Emergencies
The cost of tuition
& books isn't cheap.
Get the kitchen of your
dreams!
Be able to afford all
the diapers you will need.
For life's unexpected
occurrences.


How to Apply

To apply for a Home Equity Loan, fill out the application and return it to us along with the following:

  • Mortgage Fraud Warning

  • Written verification of income. We need last 2 years tax returns plus 2 months of current pay stubs.

  • A tax statement

  • Your deed of trust

  • Your Homeowners Insurance Policy

  • Your Mortgage Balance

  • We cannot do a cash out equity on an individual's homestead for business purposes.

  • When the new loan amount is $100,000 or more and the total Loan to Value Ratio of the property is more than 65%, the credit union will require a certified appraisal to determine the value of the property.

Married? your spouse must apply for the loan as a co-applicant. All income will need to be verified for both applicants.

We will take care of the rest. You just need to plan on how you are going to spend your money! 

 

 


 

Have any questions or concerns? Please do not hesitate to ask. 

Contact our Loan Department at (800) 749-9732 or send us a message.

 

Home Equity Resources

Apply Today
Check Rates
Loan Basics Video
Pros & Cons
Loan Process Video
Benefits of Home Renovations
Home Equity Calculator 
Home Insurance


*APR=Annual Percentage Rate. Stated rate is for new loans only. Minimum $10,000 new cash. Actual rate may vary depending on credit qualifications. Stated rate is for loan terms up to five years, 60 monthly payments of $18.20 per $1,000 borrowed. No additional rate discounts apply. Terms and conditions apply .

1Consult your tax adviser

 

Frequently Asked Questions