Home equity loans

Use your home to finance a home equity loan with Everence Federal Credit Union. We offer special discounts for loans used to reduce your home energy use. All of our loans are serviced in house, which gives us the flexibility to work with you.
Piles of coins with wooden house with house keys pinned to it
Features

Use your home for financing

Everence Federal Credit Union offers home equity loans at a fixed rate for 10, 15 or 20 years with rates based on creditworthiness.

6.990% APR1,2

10-year home equity term loan

With this option, you receive your money and then make equal monthly payments of principal and interest for 10 years.

7.240% APR1,3

15-year home equity term loan

With this option, you receive your money and then make equal monthly payments of principal and interest for 15 years.

7.740% APR1,4

20-year home equity term loan

With this option, you receive your money and then make equal monthly payments of principal and interest for 20 years.
  • Minimal closing costs
     Most applicants receive up to $350 toward closing costs.5 Title insurance is generally not required.
  • Competitive rates
  • Property types
     We work with conforming, nonconforming and nonconventional properties.
  • Flexible underwriting
     We understand that each borrower and every loan is unique.
  • Stated assets
     For most requests, we do not verify assets other than the value of the property.
  • No credit score
     We use many forms of nontraditional credit references.
  • Servicing
    Everence Federal Credit Union does its own loan servicing, which allows for flexibility in term, payment options and other factors.
  • Insurance requirements
    We accept all forms of Amish Aid and Mutual Aid policies.

Apply for a home equity loan online

To apply for the green home equity discount, fill out the online loan application and when you receive your approval notification, tell your local loan officer you're doing green home renovations.

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.

Green discount

Get a discount for green home renovations

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 reduction6 on your home equity loan if at least 75% of the loan is used for qualified energy-efficient and/or energy-saving home improvements.
Solar panels being installed on a rooftop

Qualified home improvements

  • 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.

Stay informed and keep learning

News

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Line of credit

Tap into your home

With a home equity line of credit, you can draw on the loan over time with no additional paperwork as you pay down the principal. 

Disclosure

Everence Federal Credit Union, NMLS #403410

Rates current as of July 1, 2025.

1APR = 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.

2Sample term: If you borrow $25,000 at 6.990% APR for a 10-year term your estimated monthly payment may be $290.14 .

3Sample term: If you borrow $25,000 at 7.240% APR for a 15-year term your estimated monthly payment may be $228.07 .

4Sample term: If you borrow $25,000 at 7.740% APR for a 20-year term your estimated monthly payment may be $205.08 .

5A credit of up to $350 will be applied toward closing costs for home equity loans of $25,000 and above. If the home equity loan is closed within the first 24 -months, the credit will be charged at payoff. 

6Discount applicable with 10-year and 15-year fixed rate home equity loans. Documentation of home improvements required.