Home Equity Loans

  • Use to finance any major expense or purchase
  • Competitive rates
  • No closing costs*
  • Choose Payroll Deduction for automatic payments
  • Restrictions may apply

*APR = Annual Percentage Rate. Annual Percentage Rate may vary. Subject to membership eligibility and creditworthiness. Consult a tax advisor regarding the deductibility of interest. Property Insurance is required. Home Equity Loan must remain open for at least 36 months or the member may be obligated to pay back any and all closing costs.

Home Equity Line of Credit

For all the time you've spent improving your home, you may be able to leverage its value to finance other costs in your life using Empower's Home Equity Line of Credit. Draw on this HELOC whenever necessary and make monthly payments on the balance. Our HELOC rates are among the most competitive in New York, and Empower's Loan Officers are ready to serve you.
  • Use to finance home renovations, college expenses and any other big-ticket items, or open a HELOC for unexpected expenses that might arise
  • No closing costs
  • Choose between a traditional HELOC and an interest-only HELOC, both with competitive APRs (Additional rates, terms and disclosures available on the Consumer Loans Tab).*
  • Low-cost disability and credit life insurance are available

APR = Annual Percentage Rate. Annual Percentage Rate may vary. Maximum APR that may be imposed in a variable-rate plan = 17.99%. Subject to membership eligibility and creditworthiness. Consult a tax advisor regarding the deductibility of interest. Property Insurance is required. Home Equity Line of Credit must remain open for at least 36 months or the member may be obligated to pay back any and all closing costs.

All loans subject to approval. Rates, terms, and conditions subject to change. 
NMLS #412348

Mortgage Tools

What do you want out of life?

Empower Federal Credit Union welcomes employees of many companies, immediate family/household members of employees and retirees, as well as our outreach to underserved communities to enjoy personal and business banking solutions including auto loans, mortgages*, credit cards and more. Bank online, in any central NY branch, or call us at 315.477.2200.

* Home mortgages available in FL, PA, CT, NY and NC.