Home Equity

Put your home’s equity to work for you.

You can borrow up to 80% of your home’s appraised value, for a maximum loan amount of $100,000. We know that a house is a huge asset for people, and we want to help you use your assets to get more out of your life. A Home Equity Loan is a great way to get home improvements done, buy a car, pay for tuition, or consolidate bills.

There are many benefits to using Home Equity to borrow from your Credit Union:

  • Interest paid can be tax deductible.
  • Get up to a 15-year repayment plan.
  • For a limited-time, we’ll waive the $360 Application Fee!

Choose a Home Equity Loan or Line of Credit

If you’ll need funding in a lump sum, choose one of our fixed-rate, fixed-term Home Equity Loans with terms ranging from 24 months to 15 years. You’ll lock in your rate and have equal monthly payments for the life of your loan.

A Home Equity Line of Credit may be more suitable if you don’t need all your funding up front, but you want to be able to access it quickly when you need it. This credit line has a variable rate that adjusts quarterly, and your monthly minimum payment will depend on the balance on the line. Keep the line open for up to 10 years, at which time the line must be paid off in full and you’ll be welcome to apply for a new line of credit if it’s needed.

Effective January 1, 2021
Type of LoanTermAPR*Preferred APR*
Home Equity Fixed Rate24 months - Promotional Rate3.25%2.49%
60 months4.25%3.49%
120 months4.75%4.24%
Home Equity Line of Credit
(Variable rate, adjusted quarterly)
120 months4.50%N/A
*APR=Annual Percentage Rate. Rates available to qualified members only and based on certain credit standards. Contact our loan department for information about how your rate is determined. Rates shown require member has automatic payments from a YEFCU account, payroll deduction or direct deposit. Add 0.25% to the APR and 0.26% to the preferred APR if you do not use at least one of these services. Maximum home equity loan or line-of-credit amount is 80% of home’s value.