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Home Equity Loans

Put Your Home’s Equity to Work.

Home Equity Loans leverage the value in your home to help you reach other financial goals sooner. Secure a loan for home renovations, education expenses, debt consolidation, and more. HELOCs offer the flexibility to use funds as you need them, with clear repayment plans. Find out how you can make future milestones a reality today with a CU1 Home Equity Loan.

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Consolidate Debt

Consolidate high-interest debts by leveraging your home’s equity for a flexible home equity loan. Simplify payments and potentially lower your interest rates so you can pay off debt sooner.

Remodel Your Home

Plan your project, budget wisely, and understand the loan terms to make the most of your home’s equity for a successful renovation that adds value and function to your home.

Large Purchases

Use home equity loans to finance significant purchases, like a wedding, paying for a child’s education, or making a substantial investment.

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Home Equity Line of Credit (HELOC)

HELOCs offer the ability to borrow as you go (up to your limit) from a line of credit secured by the equity in your home. With a Credit Union 1 HELOC, pay only for the funds you use—not your limit! With CU1’s low rates, you can make the most of your home’s value.

  • Rates as low as Prime + .50%1 for the life of the loan
  • Up to 90% Total Loan to Value - Less 1st Mortgage
  • Up to 20 Years Repayment
  • Variable Rate Loan
  • No Annual Fee

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Fixed Rate Home Equity Loan (HELOAN)

Fixed Rate Home Equity Loans offer the stability of predictable monthly payments with an interest rate that stays the same for the term of your loan. Whether you’re planning renovations, consolidating debt, or investing in major expenses, CU1 HELOANs offer the flexibility to access substantial funds based on the equity you’ve built in your home.

  • Fixed Rate Loan
  • Loan Terms2: 5-year, 7-year & 10-year
  • Up to 90% Loan to Value on Primary Residences
  • 2nd Lien Position Only*

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Open an Account in Minutes

Online

A simple, self-service option to open your Home Equity Loan at your convenience.

Apply Online

In Person

Our CU1 team members would be happy to assist you with account opening and more at the branch closest to you.

Schedule an Appointment

or Find a Location

Over the Phone

Our Member Solutions Specialists are available by phone Monday through Friday, 9:00 am – 6:00 pm CST, and Saturday, 9:00 am – 1:00 pm CST.

Call 800.252.6950

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Disclosures

APR= Annual Percentage Rate. Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans are subject to approval. Available in California, Florida, Illinois, Indiana, Iowa, Georgia, Minnesota, Nevada, Tennessee, Washington, Wisconsin Only.

Home Equity Line of Credit

HELOC has a floor rate of 3.74% APR. 1The Annual Percentage Rate may vary after the account is opened. The maximum rate that may be imposed is 18.00% APR. There is a $100 minimum monthly payment. Closing costs vary by state ranging from $650 - $1,900.

Home Equity Loan

For any Fixed Rate Home Equity Loan, the borrower is responsible for any third-party fees associated with the origination of the loan. The borrower should consult a tax adviser for further information regarding the deductibility of interest and charges. 2Best Credit Financing Examples: A Home Equity Loan of $20,000 at 9.125% APR for a 60-month term would result in a monthly payment of approximately $416.38. A Home Equity Loan of $20,000 at 9.250% APR for an 84-month term would result in a monthly payment of approximately $324.32. A Home Equity Loan of $20,000 at 9.375% APR for a 120-month term would result in a monthly payment of approximately $257.43. Home Equity Loan payment examples do not include taxes and insurance premiums, CU1 Home Equity Loans do not escrow for taxes and insurance. These premiums will be paid separately from the Home Equity Loan. *A 2nd mortgage lien refers to a home that already has a mortgage against the home being used as collateral. The existing mortgage would be considered the 1st lien or priority lien and any new loan would be in second lien position.

Credit Union 1 is celebrating 65 years of helping individuals, families and communities reach their financial goals.
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