Heritage Family Credit Union- Home Equity Loan | Heritage Family Credit Union

Home Equity Loan

Is a Home Equity Loan Your Best Move?

A Home Equity Loan is perfect when you need access to more funds than you can typically get with a personal loan. They’re secured by the equity you’ve built in your home, so lenders allow a higher loan amount.

Same Rate, Month After Month

Don’t worry about your payment fluctuating. With a home equity loan, your on-time payment will be the same month after month. Bonus: home equity loan rates are lower than typical credit card rates, helping you to avoid high-rate revolving debt.

Higher Loan Amounts

Because you can borrow more money than you typically can with a personal loan, home equity loans are a great solution for financing big-ticket projects and expenses.

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Table data for Home Equity Loan
Effective 04-13-2025
Account Type	APR as low as ¹	Term	Payment Per $1,000 ²
Home Equity Loan	6.00%	84 Months	Payment Example: 60 monthly payments of $19.33 per $1,000 borrowed at 6.00% APR

Please click on footnotes within the table or visit the bottom of the page to review important disclosures.

Ways to Use Your
Home Equity Loan

Home Renovations/Remodeling

Debt Consolidation

Alternate/Renewable Energy or Energy Efficient Projects

Educational Expenses

The Benefits of a Heritage Family Home Equity Loan

Equity

Borrow up to 100% of your home’s equity. Using the funds for home improvements? You may be able to borrow up to 133%

Potential Discounts

If you’re using your home equity loan for alternate or renewable energy, or for energy efficiency projects, you may qualify for a discounted rate

Yes, I'd Like to Apply!

What’s the Difference Between Home Equity Loans and Home Equity Lines of Credit?

While both are great financial tools, they’re not the same. One may better suit your needs than the other. Check out this quick article for a breakdown between home equity loans and home equity lines of credit.

Read Article About the Difference between HELOCs and HE Loans

Your Home Equity Team

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Disclosures

¹ APR = Annual Percentage Rate.

² All rates subject to change without notice. Initial $25.00 deposit for membership required. Additional restrictions apply.

³ If a property requires a full appraisal or title search, these costs will not be covered by Heritage Family Credit Union. If a borrower has already closed on a Home Equity Loan product within the last 12 months, the borrower will be responsible for the full closing costs on the second loan. Covered closing costs depend on the location of the property, property type, and the amount of the Home Equity Loan. Some exclusions and restrictions apply. All mortgage loans subject to credit approval. This offer is subject to change or cancellation without notice.

Home Equity Loan

Is a Home Equity Loan Your Best Move?