Home Equity Loans and Lines of Credit

Leverage your home’s value with a home equity loan or home equity line of credit from Everence Federal Credit Union. Whether you need funds for home improvements or other expenses, we offer flexible financing options—including special discounts for projects that reduce your home’s energy use. Plus, all our loans are serviced in-house, giving us the flexibility to work with you every step of the way.
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special offer

Let your home work for you

Mulit-racial family of four sits on couch laughing and enjoying each other's company with a cutout bright blue background.

You've put in the work to make your house a home.

Check out the special offer for a home equity loan or line of credit – so you can get the cash you need, when you need it, at a great rate. Apply now and receive up to $350 in lender credits!1

Apply for home equity loan Apply for home equity line of credit
Overview

Explore our home equity financing options

A home equity loan or line of credit allows you to borrow against your home's equity for various expenses.

You can use these loans for things like:

  • Home Improvements and Renovations: Financing projects like kitchen remodels, bathroom upgrades, or adding a new deck.
  • Major Purchases: Funding expensive items like a new car, appliances, or a vacation.
  • Debt Consolidation: Paying off high-interest credit cards or other debts with a lower-interest home equity loan or line of credit.
  • Education Expenses: Paying for college tuition, fees, or other educational costs.
  • Emergency Expenses: Covering unexpected costs like medical bills or car repairs.
  • Starting a Business: Using the funds to launch or expand a business.
  • Down Payment for a Second Property: Leveraging your home's equity to purchase a vacation home or investment property.

Home Equity Loan

Secure a lump sum to finance major renovations or purchases at competitive rates. Perfect for substantial, planned upgrades that enhance your home's value.

10 year home equity loan2,3 | 6.99% APR

15 year home equity loan2,4 | 7.24% APR

20 year home equity loan2,5 | 7.74% APR

Home Equity Line of Credit

Access funds flexibly for your ongoing projects or as a financial safety net. Pay interest only on what you use.

Borrow up to 90% of the value of your property. Your total amount depends on your credit score and the amount of the loan.

Interest only home equity line of credit3 | 5.49%

Features included with both Home Equity Loan and Lines of Credit

  1. Minimal closing costs
    • Most applicants receive up to $350 toward closing costs.6 Title insurance is generally not required
  2. Competitive rates
  3. Property types
    • We work with conforming, nonconforming and nonconventional properties.
  4. Flexible underwriting
    • We understand that each borrower and every loan is unique.
  5. Stated assets
    • For most requests, we do not verify assets other than the value of the property.
  6. No credit score
    • We use many forms of nontraditional credit references.
  7. Servicing
    • Everence Federal Credit Union does its own loan servicing, which allows for flexibility in term, payment options and other factors.
  8. Insurance requirements
    • We accept all forms of Amish Aid and Mutual Aid policies.
GREEN LOAN DISCOUNT

It pays to go green with Everence

Everence Federal Credit Union values the environment and we know that every bit counts when it comes to protecting it. You will receive a 0.50% rate reduction on your home equity loan if at least 75% of the loan is used for qualified energy-efficient and/or energy-saving home improvements.

Man installing solar panels

Qualified home improvements include:

  • Solar panel systems
  • Geothermal heating systems
  • Double-paned, low-e windows
  • Solar outdoor lighting
  • Energy-efficient appliances
  • Water-saving processes
  • Insulation
  • Wastewater efficiencies, recycling processes, composting
  • Xerascaping - landscaping with plants, etc. that need little water

This is only a partial list. Speak with your loan officer to learn if your home improvement project qualifies.

Learn more about our green loan options

Ready to make your home work for you?

Applying for a loan takes 10 minutes or less. For any questions, contact a representative near you.

Everence Federal Credit Union

2160 Lincoln Highway E., Suite 20
Lancaster, PA 17602

Toll-Free: 800-451-5719
Phone: 717-735-8330
Fax: 717-735-8331
Text: 717-735-8332

Email: infocu@everence.com

Download the app: App Store | Google Play

Find an Everence Federal Credit Union branch, shared branch, or fee-free ATM near you.

Looking for mortgage options?

Everence is here to support you as you look for the best financing for your home. Explore our mortgage option and find the best fit for you.

LET'S GET STARTED

Ready to leverage your home's value?

Join thousands of satisfied members who've upgraded their home with our flexible financing solutions.

Disclosure

1Receive up to $350 in lender credit toward third party closing costs when opening a home equity installment loan. Receive up to $350 in lender’s credit toward third party closing costs when opening a home equity line of credit. If a home equity line of credit is closed within the first 24 months, the closing credit will be charged at payoff. This offer is subject to change without notice.

2APR = Annual Percentage Rate. Minimum $10,000 in new money required to qualify for promotional rate. Closing costs range between $229.05-$1,029.05 depending on loan amount, appraisal requirements, and property location. Everence Federal Credit Union will provide a closing credit of $350 that will be applied at the time of loan closing. Property Insurance required. Flood insurance may be required. Terms, costs and conditions subject to change without prior notice. Applications subject to approval.

3Sample home equity term: If you borrow $25,000 at 6.990% APR for a 10-year term your estimated monthly payment may be $290.14.

4Sample home equity term: If you borrow $25,000 at 7.240% APR for a 15-year term your estimated monthly payment may be $228.07.

5Sample home equity term: If you borrow $25,000 at 7.740% APR for a 20-year term your estimated monthly payment may be $205.08.

6Home equity lines of credit APRs are variable, depending on your credit and loan terms. Underwriting may include credit score or nontraditional credit references. Other terms and conditions apply. Applications subject to approval.

Everence Federal Credit Union, NMLS #403410

Everence Federal Credit Union is federally insured by NCUA.