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Home Equity Loan

Put your home’s equity to work, to make your home a dream home.

Home Equity Loans leverage the value in your home to help you reach other financial goals sooner. Secure a loan for home renovations, education expenses, debt consolidation, and more. HELOCs offer the flexibility to use funds as you need them, with clear repayment plans. Find out how you can make future milestones a reality today with a CU1 Home Equity Loan.

HELOC Fixed Promo
Rate as Low as

5.99%2 APR1

For the first 6 months

Then Variable Rate
as Low as

8.25% APR

Current Rate

Fixed HELOC Promotional Rate

Lock in an exciting fixed promotional rate for six months when you open a new HELOC with Credit Union 1.

Your goals are in reach—start your HELOC application today to lock in savings and fund your future.

Apply Now

Consolidate Debt

Consolidate high-interest debts by leveraging your home’s equity for a flexible home equity loan. Simplify payments and potentially lower your interest rates so you can pay off debt sooner.

Remodel Your Home

Plan your project, budget wisely, and understand the loan terms to make the most of your home’s equity for a successful renovation that adds value and function to your home.

Large Purchases

Use home equity loans to finance significant purchases, like a wedding, paying for a child’s education, or making a substantial investment.

Home Equity Line of Credit (HELOC)

HELOCs offer the ability to borrow as you go (up to your limit) from a line of credit secured by the equity in your home. With a Credit Union 1 HELOC, pay only for the funds you use—not your limit! With CU1’s low rates, you can make the most of your home’s value.

  • Rates as low as Prime + .50%1 for the life of the loan
  • Up to 90% Total Loan to Value - Less 1st Mortgage
  • Up to 20 Years Repayment
  • Variable Rate Loan
  • No Annual Fee

Fixed Rate Home Equity Loan (HELOAN)

Fixed Rate Home Equity Loans offer the stability of predictable monthly payments with an interest rate that stays the same for the term of your loan. Whether you’re planning renovations, consolidating debt, or investing in major expenses, CU1 HELOANs offer the flexibility to access substantial funds based on the equity you’ve built in your home.

  • Fixed Rate Loan
  • Loan Terms2: 5-year, 10-year, 15-year & 20-year
  • Up to 90% Loan to Value on Primary Residences
  • 2nd Lien Position Only*

Open an Account in Minutes

Online

A simple, self-service option to open your Home Equity Loan quickly, at your convenience.

In Person

Our CU1 team members would be happy to assist you with account opening and more at the branch closest to you.

Have Questions?

Our Member Solutions Specialists are available to answer questions over the phone Monday through Friday, 9:00am - 6:00pm CST.

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Credit Union 1 is celebrating 65 years of helping individuals, families and communities reach their financial goals. Learn More