Home equity loan or line of credit
Tapping into your home's equity is a great way to pay for home improvements, consolidate debt or pay for other major expenses.
With this option, you receive your money and then make equal monthly payments of principal and interest for 15 years.
With a home equity line of credit (HELOC) you can borrow money multiple times from your available maximum amount over the life of your line.
Use our online application to apply for a home equity loan or line of credit.
To receive the green home equity discount, notify your loan officer that you're doing green home renovations when you receive the approval notification after completing the application.
Not sure which home equity loan option is right for you? We can help! Read our tips below or contact one of our knowledgeable loan officers.
1 Sample term: If you borrow $25,000.00 at 2.99% APR for a 10-year term your estimated monthly payment may be $241.29.
2 Minimum $25,000 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 $350.00 that will be applied at the time of loan closing. If the home equity line of credit is closed within the first 24 months, the credit will be charged at payoff. Property Insurance required. Terms, costs and conditions subject to change without prior notice. Applications subject to approval.
3 Sample term: If you borrow $25,000 at 3.49% APR for a 15-year term your estimated monthly payment may be $178.60.
4 1.99% Introductory APR applies for 6 months; thereafter a variable APR applies. APRs range between 3.35%-18% (as of 8/18/21).