Home Equity Loans
Your home's value opens a window to a world of opportunities.
Your reward for paying down the mortgage and keeping your home in good shape? You build up equity - meaning your home is worth more than your mortgage balance. That, in turn, may give you access to low-cost funding you can use for almost any purpose - from remodeling projects and major purchases to family trips and college costs. Our friendly lending team can outline your two options for receiving home equity funds.
Home Equity Loans
- Proceeds available in one lump sum to finance any major expense or purchase
- Competitive rates and APRs*
- No up front closing costs
- Choose Payroll Deduction for automatic payments
- Potential tax deductions for home equity interest paid. Consult your financial and tax advisor.
- Disability and credit life insurance are available
- Home Equity Loans are available only as a second lien
- Our friendly lending team can help figure out your home's equity and work with you through the application process
Home Equity Line of Credit
- Apply for a loan that you can tap into time and again for any reason
- Easily access proceeds through Online and Mobile Banking, and at Empower FCU branches
- No closing costs
- Choose between a traditional HELOC and an interest-only HELOC, both with competitive APRs*
- As you repay funds, you can use them again for other purposes
- Often used to pay off higher interest loans and credit card balances
- Disability and credit life insurance are available
- Our friendly lending team can help figure out your home's equity and work with you through the application process
Empowering you to make the best financial decisions.
Explore valuable tools and education to support your unique financial journey.
Lending made personal
Affordable loans help you embrace life's opportunities and take on its challenges.
*
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.
All loans subject to approval. Rates, terms, and conditions subject to change.
NMLS #412348
NMLS #412348