Home Equity Loans

Choose from a fixed-rate home equity loan or our flexible home equity line-of-credit (HELOC.) Both loans let you access the equity in your home to pay for home improvements, educational expenses, weddings, your next vehicle and more.

Choose the home equity loan that's right for you:

Home Equity Line-of-Credit (HELOC)

Draw funds when you need them, for almost any project or purpose. The equity in your home can help make your next big dream a reality.Home Equity House image

  • Limited time introductory rate as low as 2.99% APR* fixed for 12 months (80% Maximum loan-to-value)
  • Non-promotional rate would be as low as 4.75% APR*
  • Fast approval - online or by phone
  • Convenience checks or online access to funds
  • Monthly payment changes based on the amount you borrow
  • Minimum credit line is $15,000
  • Credit Union pays closing costs up to $341**
  • Primary residence only

Fixed Rate Home Equity Loans***

One lump sum disbursed at the beginning of your loan.

  • Combined loan-to-value up to 95%
  • Interest rate and payment remain the same over the life of the loan
  • Minimum loan amount of $10,000

If neither of these options suits your needs, be sure to look at our Mini Mortgage or Freedom Home Improvement Loan as they may better fit your individual situation.

Try our Home Equity Loan Calculator


*APR is the Annual Percentage Rate on the loan. For new lines of credit the Credit Union pays up to $341 of the closing costs. Costs range from $341 to $800 depending on the need for an appraisal. Additionally, members may be required to pay for title examination. The “as low as” interest rate of 2.99% may vary and is subject to an evaluation of your credit. All rates quoted are subject to change monthly. Rate is valid on all new home equity lines of credit for 12 months from the date of closing. After 12 months, rate is tied to the variable Prime Lending Rate as published in the Wall Street Journal and is as low as Prime Rate minus 0.50% with a floor of 3.50% APR. As of 8/6/19 that rate would be as low as 4.75% APR. Maximum APR is 18.00% at a maximum of 80% loan to value (LTV). Primary residence only. Other rates and terms are available. Current members with an existing line of credit must refinance and are subject to refinancing fees. Collateral property must be located in the state of Vermont. Minimum credit line is $15,000. Must be a member of the Credit Union to obtain a loan.
**Fees range from $341.00 to $850.00 depending on the need for an appraisal.
***Members are required to pay all fees associated with this product. Fees range from $341.00 to $850.00 depending on the need for an appraisal. Rates vary based on loan to value.
There are no transaction charges on Home Equity Loans other than closing costs that exceed $341. The maximum interest rate that may be imposed is 18.00%. Property insurance is required. Must be a member of the Credit Union to obtain a mortgage loan. All loans are subject to credit approval. Rates, terms and conditions subject to change without notice.
NMLS Institutional ID #466013
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