Home Equity Loan & HE-Lock

Home Equity Loans

Use the equity in your home to your advantage. A home equity loan is a great way to pay for home improvements, education, bill consolidation, vacations, refinancing, weddings and more.

Low fixed rates

Terms up to 240 months

Up to 100% financing available

  • Up to 100% financing available 2
  • Interest may be tax deductible 3

$50,000.00 max loan amount on home equity loans with LTV’s above 85%.


Variable Rate Home Equity Line of Credit

with a fixed rate option! 4


Different Amounts

Different Terms

Different Rates

All under one convenient loan agreement and monthly payment

Our signature product! HE-Lock combines the flexibility of the traditional Home Equity Line-Of-Credit with the low fixed rate and term options of a Home Equity Loan. Borrow only the money that you need when you need it. LOCK in different amounts, terms, and rates under one convenient loan agreement, and monthly payment, without the hassle of re-applying as your borrowing needs change


  • Interest-only payment option 5
  • Fixed rates for up to 20 years 6
  • Up to 85% loan-to-value financing
  • Debt Protection available
  • No annual fees 7
  • Minimum loan amount $10,000
  • Interest may be tax deductible 3

Confused about which loan is right for you? Contact us and we’ll help you determine the best fit.

1 Fixed at our Current Home Equity Rates that correspond to the appropriate term.

2 Maximum Loan amount for Home Equity Loans with Loan To Value (LTV) above 85% is $50,000.

3 Consult your tax advisor for more information.

4Line-Of-Credit utilizes a variable Annual Percentage Rate (APR). APR is based on Wall Street Journal Prime (“The Index”), adjusted monthly. The Index is the Prime Rate published in the Money Rates column of the Wall Street Journal. When a range of rates has been published, the highest rate will be used. We will use the most recent index value available to us as of 15 days before the date of any annual percentage rate adjustment. If the rate is not already rounded, we then round up to the next .125%. Your APR will not exceed 18% or go below 2.50% at any time during the term of your loan. Variable APR 3.25%: Based on rates as of September 29, 2022 11:38 am EST and can change.

5There is a ten-year draw period with up to a maximum of 20-year repayment term from the end of the draw period. The minimum loan amount is $10,000; there is no minimum draw amount. Interest-only payment option only available for “un-locked” balances of the line-of-credit, at a Variable APR, during the draw period. After the draw period interest plus principal payments, for unlocked balances, applies at a fixed rate. Initial payment is due on the 25th of the following month of final loan closure, and reoccurs on the 25th monthly thereafter for the term of the loan.

6At any time during your loan term, you have the option to “lock” in up to five (5) portions of your line-of-credit at a fixed rate. Minimum lock amount is $5,000 with terms of up to 240 months. Fixed rate will be equal to the Index plus a margin, as outlined in your home equity addendum, or our current home equity rates that correspond to the appropriate term, whichever is lower.

7One-time origination fee of $150 required. Credit Union will pay remaining closing costs, including appraisal fees (excludes title insurance when required). No early payment fees. Late payments are subject to a 5% of the payment fee.

Home Equity Checklist

In order to assure a smooth and speedy application process please have the following items on hand when applying:

  • Income Verification – Your last two paystubs, or if you are self‑employed last two federal tax returns.
  • Annual property tax amount
  • Homeowners Insurance information
  • Insurance Company
  • Insurance Agency
  • Insurance Agency Phone Number
  • Annual premium amount
  • Payoff Letters – If funds are for consolidation or refinancing existing mortgage or home equity.

4 convenient ways to apply 

At Any Branch

Call Any Branch


Mobile App

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