Home Equity Loans & Lines of Credit
We Just Lowered Our Home Equity Loan Rates
Rates Now as Low as 3.74% (4.482% APR1)
Apply NowCall 800.845.5025
Save $ By Choosing Connexus*
Our Rates
National Average
Big Savings
Lowest Available Rates
| Product | Rates as low as | APR** |
|---|---|---|
| Home Equity Loan | 3.74% | 4.482%1 |
| Home Equity Line of Credit (HELOC) | N/A | 3.49%2 |
| Interest-Only HELOC | N/A | 3.49%3 |
| 5/1 Adjustable-Rate Mortgage (ARM) | 4.99% | 5.013%4 |
| Accurate as of 3/24/2020 | ||
Which Home Equity Product is Best for You?
| Home Equity Loan | HELOC | Interest-Only HELOC | 5/1 ARM | |
|---|---|---|---|---|
| Helpful If | You need a specific amount right now | You need money over time | You need money over time | |
| How it Works | Borrow up to 90% of your home’s equity and receive all the money at signing | Borrow money as you need it up to your line of credit limit | Borrow money as you need it up to your line of credit limit | Borrow up to 90% of your home’s equity |
| Rate Type | Fixed | Variable | Variable | Variable |
| Available Terms | 60-240 months | 15 year draw, 15 year repayment | 15 year draw, 15 year repayment | 60-240 months |
| Minimum Payment | Dependent on loan details | 1.5% of amount borrowed | Interest-only payment based on amount borrowed | Dependent on loan details |
| Apply Now | Apply Now | Apply Now | Apply Now |
Learn More About Home Equity
Home Equity 101: Everything You Need to Know
How much do you know about home equity? We’ll break down the key factors, so you can make the most of this resource whenever you need it.
The Differences Between Home Equity Products
Find out the differences between Home Equity Loans and Lines of Credit, and discover what they’re commonly used for.
When an Interest-Only HELOC is Your Best Option
Many people don’t know when an Interest-Only HELOC is the best option. We broke down a few situations when it may be what you need.
FAQs: You Asked. We Answered.
You generally need to have at least an 80% Loan-to-Value ratio after the loan in order to be considered. That means you must have made enough payments on your home to own at least 20% of it. If you have 20% equity, you’re more likely to be considered for a Home Equity Loan or Line of Credit. For more detailed information, please call our team at 800.845.5025.
If you’re unsure which product is right for you, our team can provide a personalized recommendation based on your financial situation. Call 800.845.5025 to get started.
Yes, the rates listed above for HELOCs and Interest-Only HELOCs are introductory rates. You can lock in an introductory rate for six months at 3.49% APR2 or for 12 months at 3.99% APR2 (at 80% loan to value).
Yes, the minimum loan amount to receive the introductory rate is $5,000.
Your payment will be 1.5% of the amount borrowed. If you have a credit limit of $20,000, but only draw out $5,000, you would pay 1.5% on the $5,000 balance.
Yes, debt protection is available for all Home Equity Loans and Lines of Credit. See more info about our coverages or start a claim now.
Disclosures
See our Fee Schedule for a list of fees you may encounter.
* Accurate as of: . Source: Datatrac.
**APR = Annual Percentage Rate.
1Advertised rate reflects all available discounts and is current as of 3/24/2020. Rate is fixed for the term of the loan. Rates and terms are subject to change. Loan is subject to credit approval and actual rate is based on applicant’s credit history and terms of the loan. Borrow $25,000 at 4.482% APR for 5 years and make monthly payments of $457.49. Minimum loan amount $5,000. Credit Union membership required. Separate payment of taxes and insurance may be necessary. Depending on loan terms and property location, borrower paid closing costs can range from $175 to $2,000. Product not available in Maryland.
23.49% is an introductory rate lock available until October 2020. Non-introductory rate is 5.74% APR and is current as of 1/1/2020. Introductory rate reflects all available discounts. Loan is subject to credit approval and actual rate is based on applicant’s credit history and terms of the loan. Rates and terms are subject to change after the introductory rate lock period ends. After the introductory period the rate is variable and can adjust semi-annually in April and October based on a 12 week average of the 1-Year Treasury Constant Maturity Rate plus a margin; currently 5.74% APR. Maximum rate is 15.9% APR. Payment is based on 1.5% of amount borrowed, with a minimum payment of $25. Finance charges begin to accrue on the day an advance is made. Minimum loan amount $5,000. No annual fee. Credit Union membership required. Separate payment of taxes and insurance may be necessary. Depending on loan terms and property location, borrower paid closing costs can range from $175 to $2,000. Product not available in Maryland.
33.49% is an introductory rate lock until October 2020. Non-introductory rate is 5.99% APR and is current as of 1/1/2020. Introductory rate reflects all available discounts. Loan is subject to credit approval and actual rate is based on applicant’s credit history and terms of the loan. Rates and terms are subject to change after the introductory rate lock period ends. After the introductory period the rate is variable and can adjust semi-annually in April and October based on a 12 week average of the 1-Year Treasury Constant Maturity Rate plus a margin; currently 5.99% APR. Maximum rate is 15.9% APR. Payments are interest only and are based on the amount borrowed. Borrow at a variable 3.49% APR; estimated monthly payments of $28.87 per $10,000 borrowed. Finance charges begin to accrue on the day an advance is made. Minimum loan amount $5,000. No annual fee. Credit Union membership required. Separate payment of taxes and insurance may be necessary. Depending on loan terms and property location, borrower paid closing costs can range from $175 to $2,000. Product not available in Maryland.
4Advertised rate reflects all available discounts and is current as of 1/1/2020. Loan is subject to credit approval and actual rate is based on applicant’s credit history and terms of the loan. Rates and terms subject to change. Rates become variable after initial 5 year term and adjust annually. Rates based on the yield of the 1 year LIBOR plus a margin. Initial monthly payments estimated at $329.93 when $50,000 is borrowed for 20 years. Minimum rate 2.49%. Annual adjustment cap 2%, and maximum lifetime cap 6% over initial rate at origination. Minimum loan amount of $5,000. Credit Union membership required. Separate payment of taxes and insurance may be necessary. Depending on loan terms and property location, borrower paid closing costs can range from $175 to $2,000. Product not available in Maryland.
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