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.

Apply for a home equity loan

Family stepping into their new home

Features

Use your home for financing

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

Home equity loans

  • Minimal closing costs
    Most applicants receive up to $300 toward closing costs.1 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 in 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

Rates

Home equity term rates

Home equity term rates As low as1
5 years 3.74%
10 years 4.24%

Visit our mortgage center to create customized quotes based on your loan details.

Mortgage center

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, contact your local loan officer or call (800) 451-5719.

Apply for a home equity loan

Everence Federal Credit Union

2160 Lincoln Highway E., Suite 20
Lancaster, PA 17602
T: (800) 451-5719
F: (717) 735-8331
E: infocu@everence.com

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Find an Everence Federal Credit Union near you. 

Green discount

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 percent rate reduction on your home equity loan2 if at least 75 percent of the loan is used for qualified energy-efficient and/or energy-saving home improvements.
Solar panels being installed on a rooftop

Qualified home improvements3

  • 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

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. 

 

Learn about your options

Disclosure

Everence Federal Credit Union, NMLS #403410

1 A credit of up to $300 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. 

2 Discount applicable with five- and 10-year fixed rate home equity loans. Documentation of home improvements required. Rates subject to credit score, loan program and loan-to-value ratio.

3 This is only a partial list. Call (800) 451-5719 and ask to speak with a loan officer to learn if your home improvement project qualifies.