Home Equity Loans

Put your home’s equity to work for you.

You can borrow up to 80% of your home’s appraised value minus any first mortgage balance 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 great for home improvements, buy a vehicle, pay for tuition, or consolidate bills. Interest paid may be tax deductible. Please contact your tax consultant for further details.

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 180 months. 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 line of credit balance. Credit advances can be taken for a 10-year period along with another 10-year repayment term.

Effective March 15, 2022
Type of LoanTermAPR*
Home Equity Fixed Rate24 months - Promotional Rate2.49%
60 monthsAs low as 3.49%
120 monthsAs low as 4.24%
180 monthsAs low as 4.74%
Home Equity Line of Credit
(Variable rate, adjusted quarterly)
120 monthsAs low as 4.50%
*APR=Annual Percentage Rate. Maximum home equity loan or home equity line of credit amount is 80% of home’s value minus any first mortgage balance. First advance is minimum of $5,000 with subsequent minimum advances of $500 on Home Equity Line of Credit. Rates available to qualified members only and based on certain credit standards. Contact our loan department for information about how your rate is determined.