Home Equity and
HELOC Loans
Loans to make a house your home.
Turn Your Current Home into Your Dream Home
Thinking of home improvements, installing a pool, or just need some extra cash?
0% APR 1 for the first 3 months
Put your home’s equity to work with a new HELOC and enjoy 0% APR1 for the first three months2. When the introductory period ends, you’ll benefit from a variable rate as low as3 6.24% APR
Do you want to use the equity you have built in your primary residence?
With our Fixed Home Equity Loans or our Home Equity Lines of Credit (HELOC)1, you can do just that. You can borrow 80% of your home’s value at a low rate or borrow up to 100% of the value at a slightly higher rate. Our home equity loans have fixed interest rates, fixed monthly payments and flexible repayment terms.
An Educators Credit Union Home Equity Loan can help you:
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Improve your home
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Make a big purchase
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Consolidate debt
Home Equity Loans vs HELOCs
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Rates
|
Loan to Value |
APR1 as low as |
Payment per $1,000 |
|---|---|---|
|
Normal closing cost approximately $199 (for title search and recording) unless appraisal is needed. For approval, an appraisal or tax statement value is needed. Appraisal may be required. 1APR=Annual Percentage Rate and effective as of 06/01/2026. This is a fixed rate. 2 Maximum loan 100% of appraisal value, total 1st and 2nd mortgages. Closing cost, appraisal cost, and other fees may apply. |
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|
Loan to Value 80% or less |
APR1 as low as 6.20% |
Payment per $1,000 $19.43 |
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Loan to Value 81%-90% |
APR1 as low as 8.15% |
Payment per $1,000 $20.36 |
|
Loan to Value 91%-100% |
APR1 as low as 9.65% |
Payment per $1,000 $21.09 |
|
Loan to Value |
APR1 |
Intro Rate3 |
|---|---|---|
|
1APR = Annual Percentage Rate and effective as of 06/01/2026. This is a variable rate. Max APR is 17.9%. |
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|
Loan to Value <80% LTV2 |
APR1 6.24% |
Intro Rate3 0% |
|
Loan to Value 81%-90% LTV2 |
APR1 7.74% |
Intro Rate3 0% |
|
Loan to Value 91%-100% LTV2 |
APR1 8.74% |
Intro Rate3 0% |
Calculator
Check out our HELOC calculator, provided by Banzai.
Ready to achieve some of your goals?
Disclosures
1APR is a variable rate. Max APR is 17.9%. Rate adjusted quarterly to -0.51% to +1.99% over Prime Rate. Maximum loan 100% of appraisal value, total 1st and 2nd mortgages. Closing cost, appraisal cost, and other fees may apply.
First 3 Months2 Eligible member will receive an introductory rate of 0% for the first 3 months. Rate adjusted quarterly to -0.51% to +1.99% over Prime Rate. Maximum loan 100% of appraisal value, total 1st and 2nd mortgages. Closing cost, appraisal cost, and other fees may apply.
To qualify:
a. Member must open a new home equity line of credit OR refinance an existing Educators Credit Union HELOC with an additional $5,000 added to the line of credit.
as low as3 After the 3-month introductory period, the rate will revert to the current rate. The current rate shown is for homeowners with up to 80% combined loan-to-value. Other rates will apply for loans with a higher loan-to-value. Rates are subject to change, but the rate will not exceed 17.9% APR. Maximum loan 100% of appraisal value, total 1st and 2nd mortgages. Closing cost, appraisal cost, and other fees may apply. Property insurance is required. Subject to approval.
Membership eligibility required.