Put the available equity in your home to work!
Your home’s equity can be put to work for you as either a loan or a line of credit. We will help guide you to the best solution.
Flexible Funds
Use your money for debt consolidation, home improvements, and more.
Easy to apply
Use our quick online form to get started!
Your Choice
Apply for a revolving line of credit or a lump-sum loan.
Home Equity Options
Home Equity Lines of Credit (HELOC)
Choose a line of credit that you can tap into again and again, as necessary.
HELOCs available up to $250,000¹No application fee¹
No prepayment penalty¹
No annual fee¹
Flexible Repayment Options¹
Variable Rates Apply; APR currently 7.50%²
Representative example: A $10,000 line at 7.50% APR with minimum monthly payments would result in a payment of $166.67²
Borrowing against your home puts your home at risk if payments are not made.
Home Equity Loans
Receive your money all at once, which is helpful when you know exactly how much you need.
Funds disbursed at closing¹Low, fixed rate for easy monthly budgeting²
Budget-friendly repayment terms²
Borrow up to 95% of your home's value⁴ Fixed APR currently 7.00% - 7.75%² Representative example: A $10,000 loan at 7.00% APR for 60 months would result in monthly payments of approximately $198.01² Failure to make payments could result in foreclosure of your home³
If you have questions and need to speak with our Consumer lenders, please call (270) 796-8500.
Disclosures:
¹ No fees apply unless otherwise disclosed. Additional charges may apply for appraisal or other services.
² Rates are accurate as of 9/30/2025. APRs and terms are subject to change. Membership eligibility required. See disclosures for details.
³ Borrowing against your home involves risk. Failure to make payments may result in foreclosure.
⁴ Maximum loan amount is 95% of your home's appraised value minus any existing mortgage balance.
*HELOC No closing costs utilizes an Automated Valuation Model (AVM) to determine property value. If an AVM is not available or acceptable, or if the applicant requests an additional appraisal, the applicant is responsible for that cost.
Federally Insured by NCUA | Equal Housing Opportunity | NMLS # 411224 | Equal Opportunity Lender
Home Equity FAQs
What is “Home Equity”?
Home Equity is the difference between what you owe on your mortgage and what your home is currently worth. If you owe $150,000 on your mortgage loan and your home is worth $210,000, you have $60,000 of equity in your home.
What's the difference between a home equity loan and a line of credit?
They are similar in that you’re borrowing against the value of your home and how much you owe.
Home Equity Loan: A loan based on the equity in your home that is distributed all at once in a lump sum. Since it’s a lump-sum equity draw, a home equity loan is a good source of money for major projects and one-time expenses. There are no restrictions on how you use the money. Home equity loans typically have a fixed interest rate, making the payment the same each month; that makes them easier to factor into your budget. The home equity loan payment will be in addition to your usual mortgage payment.
Home Equity Lines of Credit (HELOC): A line of credit based on the equity in your home that you can tap into again and again, as necessary. You can then access your credit line whenever you want, up to your credit limit. When you make your payment each month, that credit becomes available for use again, much like a credit card. You’ll pay interest only on the amount you draw.
How does a HELOC work?
With a HELOC, you can borrow as much of your available equity as you want during an initial draw period, typically around 10 years. You’ll make payments in this phase, but they might be interest-only.
Get the most of your membership with Exclusive Perks
*HELOC No closing costs utilizes an Automated Valuation Model (AVM) to determine the value of the property. If an AVM is not available, not acceptable to the credit union, or if the applicant requests an additional appraisal, the applicant will be responsible to pay for that service.
**Less any existing mortgage.
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