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Home Equity




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Home Equity Loans

A fixed-rate home equity loan is a great option if you're in need of a specific amount of money for a one-time expense. Borrowed against your home's equity, this loan offers the cash you need in one lump sum, with the benefit of paying off in predictable monthly payments.

Other Benefits:

  • Fixed-rate, fixed payment
  • Equity can be used for purchasing a second home
  • Borrow up to 100% of available equity 2
  • Borrow up to 133% of the available equity for Home improvement, only loans 2
  • Terms from 3 to 15 years
  • Alternative energy, renewable energy, or home energy efficiency projects may qualify for discounted rates 3

Apply for a Home Equity Loan View Home Equity Loan Rates

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Home Equity Line of Credit

Similar to a credit card, a home equity line of credit (HELOC) is a revolving loan that allows you to borrow funds using the equity in your home as collateral. Homeowners love its flexibility in borrowing as funds can be used for various purposes such as home improvements, debt consolidation, educational expenses, or other needs. 

Other Benefits:

  • Revolving credit line using the available equity in your home
  • Fixed rate for two years, then variable rate linked to WSJ Prime 4 for the rest of the loan term
  • Principal and interest payments on the outstanding balance 
  • Borrow up to 100% of available equity 2
  • Draw funds, pay off the balance, use again, or keep the line available with no balance
  • Term: 10-year draw, 15-year term

    Existing Members - Apply Now for HELOC Apply for Membership & heloc View HELOC Rates

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    Debt Protection

    If you're worried about what will happen to your income if you become disabled or involuntarily unemployed, MEMBER'S CHOICE™ Borrower's Security has got your back. With Life, Disability, and Involuntary Unemployment Protection, you can rest easy knowing that your debt payments won't stop just because of an unfortunate situation.

    Life, Disability, and Involuntary Unemployment Protection is available on all consumer loans, so you don't have to worry about being able to pay your bills if something unexpected happens. And since we offer low group rates for these services, you'll also be able to keep more of your hard-earned money in your pocket!

    Debt protection can be added or changed at any time during the life of your loan to help protect you from future situations. Contact us to learn more about the options and earn some peace of mind - because life happens. 

    Contact us to get started

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    • Prompt decision-making by experienced local experts
    • Tailored guidance and expert support
    • Individualized underwriting 
    • Access to decision-makers, including top management
    • Dependable, skilled, collaborative financial partner

    Connect with a Mortgage lender today Contact the Mortgage Team


    1 If a property requires a full appraisal or title search, these costs will not be covered by Heritage Family Credit Union. If a borrower has already closed on a Home Equity Loan product within the last 12 months, the borrower will be responsible for the full closing costs on the second loan. Covered closing costs depend on the location of the property, property type, and the amount of the Home Equity Loan. Some exclusions and restrictions apply. All mortgage loans subject to credit approval. This offer is subject to change or cancellation without notice.

    2 Not all borrowers will qualify. Some exclusions and restrictions apply. All mortgage loans subject to credit approval. Equal Opportunity Lender.

    3 Borrower would need to provide documentation on energy initiatives they are looking to undertake (solar panel proposal, quotes, contracts, etc.) in order to secure a discounted rate. Not all borrowers will qualify. Some exclusions and restrictions apply. All mortgage loans subject to credit approval. Equal Opportunity Lender.

    4 The WSJ Prime rate is the base interest rate on corporate loans as published regularly in the Wall Street Journal.