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  • Home Equity Loans & HELOCs2020-06-22T00:00:24-05:00

    Home Equity Loans & Lines of Credit
    Unlock the Potential of Your Home

    Take Advantage of Your Home's Equity With Low Rates and Flexible Terms

    Apply Now

    Call 800.845.5025 or book an appointment with a lender

    Save $ By Choosing Connexus*

    Our Rates

    As Low As % APR for

    National Average

      % APR for

    Big Savings

    You Can Save $* Over the Life of Your Loan

    Lowest Available Rates

    Home Equity Loan Rates
    ProductRates as low asAPR**
    Home Equity Loan3.74%4.482%1
    Home Equity Line of Credit (HELOC)3.49%3.49%2
    Interest-Only HELOC3.49%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 Products
     Home Equity LoanHELOCInterest-Only HELOC5/1 ARM
    Helpful IfYou need a specific amount right nowYou need money over timeYou need money over time
    How it WorksBorrow up to 90% of your home’s equity and receive all the money at signingBorrow money as you need it up to your line of credit limitBorrow money as you need it up to your line of credit limitBorrow up to 90% of your home’s equity
    Rate TypeFixedVariableVariableVariable
    Available Terms60-240 months15 year draw, 15 year repayment15 year draw, 15 year repayment60-240 months
    Minimum PaymentDependent on loan details1.5% of amount borrowedInterest-only payment based on amount borrowedDependent on loan details
    Apply NowApply NowApply NowApply Now

    Learn More About Home Equity

    FAQs: You Asked. We Answered.

    How much equity do I need in my home to get started?2020-03-02T09:17:44-06:00

    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.

    I don’t know which Home Equity product is best for me. How do I choose?2019-04-19T15:23:52-05:00

    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.

    Is the HELOC rate an introductory rate?2019-04-19T15:29:50-05:00

    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).

    Is there a minimum amount I need to borrow to receive the introductory rate?2020-03-18T12:51:33-05:00

    Yes, the minimum loan amount to receive the introductory rate is $5,000.

    How are my HELOC payments determined?2019-04-19T15:31:26-05:00

    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.

    Can I protect myself with Life, Disability, and Unemployment coverages on my loan?2019-11-20T08:52:23-06:00

    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.

    Can’t find what you’re looking for? Ask us!2017-08-15T16:52:05-05:00

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    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, Texas, Hawaii, and Alaska.

    23.49% is an introductory rate lock available until April 2021. Non-introductory rate is 5.32% APR and is current as of 4/1/2020. 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 5.32% 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, Texas, Hawaii, and Alaska.

    33.49% is an introductory rate lock until April 2021. Non-introductory rate is 5.82% APR and is current as of 4/1/2020. 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 5.82% 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, Texas, Hawaii, and Alaska.

    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, Texas, Hawaii, and Alaska.