Intro rate as low as

7.99% APR*

Fixed for two years1

See what a Home Equity Line of Credit can do for you!

A Home Equity Line of Credit* (HELOC) can be a great way to reduce your interest rates, increase your credit score, lower monthly payments, and pay off your debt faster. Find out if this is a good option for you!

 

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  • Borrow up to 80% of your homes value, less the first mortgage
  • Draw on your line of credit for up to 15 years
  • Take up to 20 years to pay it off
 

 

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Check out all our Home Equity Loan products.

Our home equity products are a great low-rate alternative for making major home improvements, consolidating debt, or paying college tuition. The interest may be tax deductible1, so it’s a smart way to get more for your money. Check out our current rates.

Line of Credit Fixed for Two Years2

  • Borrow up to 90%* of your home’s value, less the first mortgage balance.
  • Draw on your line of credit for up to 15 years
  • Take up to 20 years to pay it off

Apply Now

Line of Credit Fixed for Five Years2

  • Borrow up to 90%* of your home’s value, less the first mortgage balance.
  • Set payment for longer term
  • Draw on your line of credit for up to 15 years
  • Take up to 20 years to pay it off
Apply Now

Home Equity Loan Fixed for Ten Years3

  • Borrow up to 100% of your home’s value, less the first mortgage balance.
  • Single advance
  • Terms up to 10 years


Apply Now

Home Equity FAQs

Home equity is the difference between what you owe on your mortgage and the current appraised value of your home. For example, if your house was appraised at $300,000 and you owe $100,000, you have $200,000 in equity. This is also referred to as your loan-to-value or LTV.

If you haven’t had your home appraised since you renovated it or property values have gone up in your area, it might be worthwhile to get an appraisal before you apply for equity financing. If your home has increased in value, you’ll have more equity to draw from.

A home equity loan is a type of financing that uses your equity as collateral based on how much equity you have in your home. 

If approved for a Home Equity Loan, you will receive the full amount borrowed upon closing. Repayment works like any other installment loan, meaning you would make equal monthly payments over time until you pay off the loan balance

A Home Equity Loan requires a second mortgage on your house.

A Home Equity Line Of Credit or HELOC is a loan that uses your home’s equity as collateral, but instead of issuing the loan in a lump sum, a line of credit is extended based on your equity.

Unlike the single lump sum of a Home Equity Loan, a HELOC provides flexibility. There's still a total loan amount, but you only borrow what you need, then pay it off and borrow again. That also means you pay back a HELOC incrementally based on the amount you use rather than on the entire amount of the loan, like a credit card.

The period when you can spend money through your HELOC is called the draw period. After the draw period ends, you can no longer access the credit, and you enter your repayment period. We offer HELOCs with introductory rates fixed for two or five years, and draw periods up to 15 years.

A HELOC also requires a second mortgage on your house.

A Home Equity Loan is a good option if you know how much you need to borrow. For example, if you're consolidating debt, or making a single large purchase.

A HELOC is a good option for uses like construction or home renovations, as these costs can change over time. The HELOC allows you to use as much or as little of the credit as you want and you can continue to borrow as you pay down the principal.

We're here to answer all your questions and help you make the best possible decision and reach your financial goals.

Possibly. If you carry a lot of unsecured, high-interest credit card debt, consolidating that debt and paying it off with a secured Home Equity Loan or HELOC will improve your score and, because you will have reduced your interest rates, can help you pay down the debt faster. This will improve your credit score.

Homeowners can use a home equity loan for anything they like, but it's wise to avoid using equity to finance purchases that can't be recouped, like vacations. It's better to leverage your equity in ways that will help build your wealth, such as improving your home to add value, or consolidating and paying down high-interest debt.

There are several ways you can access your HELOC funds:

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We do not knowingly collect Personal Information from individuals under the age of 13 who use our Sites without obtaining consent from a parent or legal guardian. To learn more about the Children’s Online Privacy Protection Act (COPPA), please visit the National Credit Union Administration Regulatory Alert or the Federal Trade Commission’s website.

 

 

Maximum term on 95% LTV is 15 years with a 10 year draw period.

1 See tax advisor for tax deductibility.

1    APR = Annual Percentage Rate effective 11/01/2022. After fixed rate introductory period of 24 months, a variable rate applies and may adjust annually between Prime Rate, as listed in the Wall Street Journal, and Prime Rate plus margin of 1.50% depending on loan to value and credit history. Rate will not be lower than 4.75% APR and will not exceed 18.00% APR. Loan features a 15-year draw period and a 20-year repayment period. Current APR reflects best rate available based on less than 80% maximum combined loan-to-value (including prior mortgage liens). Properties securing home equity lines of credit must be secured by your primary single family residence located in Missouri and select counties in Illinois and Kansas. Property insurance will be required and flood insurance where necessary. Closing costs apply. All loans subject to approval. Rates, terms and conditions subject to change. NMLS#474385

2      APR–Annual Percentage Rate. Variable Rate Home Equity Line of Credit rates subject to change. Rates, terms and conditions may vary based on creditworthiness, qualifications or collateral conditions. After fixed-rate introductory period, APR may adjust annually between Prime Rate, as listed in the Wall Street Journal,  and Prime Rate plus a margin of 1.50% depending upon your loan-to-value and credit history at time of application. Rate will not be lower than 4.75% APR and will not exceed 18.00% APR.  All loans subject to approval. Properties securing home equity lines of credit must be secured by your primary single family residence located in Missouri and select counties in Illinois and Kansas. Up to 90% maximum combined loan-to-value (including prior mortgages or liens) and a $417,000 maximum for all combined mortgage balances on the property, including the new line. Property insurance will be required and flood insurance where necessary.

3      APR–Annual Percentage Rate.  Rates, terms and conditions may vary based on creditworthiness, qualifications or collateral conditions. Home equity loans must be secured by your primary single family residence with up to 100% maximum combined loan-to-value (including prior mortgages or liens) and a $417,000 maximum for all combined mortgage balances on the property, including the new loan amount. Properties securing home equity lines of credit/loans must be located in Missouri and select counties in Illinois and Kansas. Property insurance will be required and flood insurance where necessary.