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Home Equity Loan Options

Using the equity in your home is an affordable way to get the money you need to achieve your financial goals.

Home Equity Loan Overview

Borrowers often ask for a Home Equity Loan so they can enjoy the benefits of a fixed rate and payment that they can budget for. At CCCU, we have a solution that we believe is even better! 
 
Our products combine all the benefits of a Home Equity Loan and a Home Equity Line of Credit. Contact our Consumer Loans Team and ask about our 5 and 15-year Home Equity Lines of Credit (HELOC).
 
With a CCCU HELOC, you'll enjoy all the benefits of an interest rate that won’t adjust as often as a traditional HELOC, with a steady monthly payment that you can budget for.  Best of all, if you do need to borrow additional money down the road, you will still have access to a line of credit for up to 15 years without having to go through the hassle of applying for another loan. 
 
View our HELOC rates and terms below and let us help you determine if a HELOC with CCCU may be your best solution to borrow the money you need.
Contact a Loan Officer
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HELOC Rates

[1] APR=Annual Percentage Rate. All variable rates based on the Prime Index, as published in the Wall Street Journal, and may adjust every quarter, every 5 years, or every 15 years with a maximum interest rate of 18%. Payments calculated on a 15-year or interest only repayment schedule during draw period. After draw period expires, then the loan is repaid based on a 15-year term. Rate subject to change without notice and based on member’s qualifications. Homeowners insurance is required for every line of credit. All loans subject to approval. Membership eligibility required. Refer to our Equity Loan Account Disclosure or contact credit union for complete details. 

Rates as of: November 7, 2024
Term
APR1 (as low as)
Term
Quarterly
APR1 (as low as)
7.25%
Term
5 Year
APR1 (as low as)
7.99%
Term
15 Year
APR1 (as low as)
8.99%
Rates as of: November 7, 2024
Term
APR1 (as low as)
Term
Quarterly
APR1 (as low as)
8.25%
Term
5 Year
APR1 (as low as)
8.99%
Term
15 Year
APR1 (as low as)
9.99%

[1] APR=Annual Percentage Rate. All variable rates based on the Prime Index, as published in the Wall Street Journal, and may adjust every quarter, every 5 years, or every 15 years with a maximum interest rate of 18%. Payments calculated on a 15-year or interest only repayment schedule during draw period. After draw period expires, then the loan is repaid based on a 15-year term. Rate subject to change without notice and based on member’s qualifications. Homeowners insurance is required for every line of credit. All loans subject to approval. Membership eligibility required. Refer to our Equity Loan Account Disclosure or contact credit union for complete details. 

Start your Home Equity Line of Credit application

How can you use your home equity?

Using your home equity is a financially smart and cost-effective way to pay for the changes you want to make. Although you can use the money for anything, here's how our members prefer to use their cash:

  • Debt consolidation
  • Home improvements
  • Cash out refinance
  • Medical expenses
  • Education and tuition costs
  • Dream wedding or vacation

Tap into your home equity with a HELOC from CCCU. 

Apply for a HELOC
Home-Renovation
CCCU Refinancing Guide on Tablet

Discover if refinancing is right for you!

Our Refinancing: A Comprehensive Guide to Help Leverage Your Home's Value checklist will help you learn valuable information about mortgage refinancing so you can be better prepared.

Ready to get started? Download your guide now:

What our members are saying:

“I've never applied for a loan before, but today Katherine N. walked me through the process and made it pain-free and simple. She's amazing at her job: super helpful and kind, and you can tell from her voice she truly, actually cares. That matters to me, and it should probably matter to you, too. Even the atmosphere inside the CCCU building is welcoming and easy. I cannot recommend this place enough.”

Kell D.

“Mark and his team at CCCU were fantastic in helping us secure a home equity loan on short notice. They were professional and patient in handling our many questions. Thanks, team!” 

Chris T.

“Securing a HELOC through CCCU was easy and well worth the time and effort. Their lending team supported a clear and easy path and explained all of the options up front so that we could make a good decision for our family.”

Hope B.

Related Home Equity Loan Articles

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Frequently Asked Questions

What's the difference between a HELOC and a Home Equity Loan?

Both a HELOC and a Home Equity Loan use your home's equity as collateral. While a Home Equity Loan is a fixed-term loan that involves a single disbursement of funds, a HELOC is a revolving, variable line of credit that makes funds available for withdrawal and repayment over a set period of time. 

Can I transfer a HELOC from another institution?

Yes, you can refinance your existing HELOC with CCCU. If you have a HELOC at another institution, contact us. In many cases, we’re able to offer a lower interest rate and could save you money. 

Do I have to be a member to apply?

No, you do not have to be a member to apply for a loan with CCCU. However, any borrower on the loan will have to become a member before it is funded.

What will I need to complete my application?

You don’t need any documents to apply for a HELOC, but you will need to gather the following to complete your loan:

  • Income verification (pay stubs, W2s, taxes, etc)
  • Homeowners insurance information
  • Statement for your existing first mortgage (if applicable)

DISCLOSURES:

All loans subject to credit approval. Must be a member to apply. Refer to our HELOC Disclosures for full details or contact credit union.

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Consolidated Community Credit Union is an assumed business name of Consolidated Federal Credit Union. Consolidated Community Credit Union, CCCU, and Consolidated Federal Credit Union are service marks or registered service marks of Consolidated Federal Credit Union. All other marks not owned by Consolidated Federal Credit Union that appear herein are the property of their respective owners, who may or may not be affiliated with, connected to, or sponsored by Consolidated Federal Credit Union. Consolidated Community Credit Union, CCCU-Cascade, and CCCU are trade names of Consolidated Federal Credit Union. Although these branches have different names, they are all part of the same credit union and shares held at each office are not separately insured.

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