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Home Equity & HELOC Products

Home Equity Loan or HELOC: Which one is right for you?

Make your appointment to meet in person and discuss rates, loan types, get some advice or start the loan process. There is no obligation or commitment with these meetings. They are simply a service to our members to inform and help members make the decision that is best for them.

Make Your Appointment

Use the equity in your home to create your dream home or update it before you put it on the market. Borrow up to 90% of the equity in your home.1

Choose between USSFCU's Home Equity Loan2 or Home Equity Line of Credit (HELOC)3

Home Equity Loan

(Fixed-Rate)

A USSFCU Home Equity Loan is ideal for major or one-time renovations and upgrades.

Home Equity Line of Credit (HELOC)

(Variable-Rate)

A USSFCU HELOC is a perfect solution for projects that require flexibility and phases of completion.

For more details about our Home Equity and HELOC products please scroll down to the bottom of the page.

Apply Online    RATES


Not a member? Not a problem. With 140 plus paths to membership, joining is simple and easy. Join today.

If you are not a member but would like to apply for a loan, first apply for USSFCU membershipOnce you become a member you can apply for a loan through Online Banking.

Home Equity Loan and HELOC products are not currently available in the state of Texas. HELOC rates will not adjust until the 1st day of the billing cycle on the 15th of that month.


APR = Annual Percentage Rate. All loans subject to credit approval. Rates are based on creditworthiness, income and debts. Not all applicants will qualify for the lowest rate. Rates as of 01/01/2024. Rates subject to change. For a listing of current rates visit ussfcu.org/rates.

1 90% LTV on loans not exceeding $400,000. 80% LTV on loans between $401,000 - $500,000. 2 Fixed rates and repayment terms up to 180 months. A fixed-rate Home Equity Loan with an original balance of $70,000 and a 60 –month term with LTV up to 80.00% and an APR of 6.63% totals a monthly payment of $1,373.90. A 60 –month term with LTV up to 90.00% and an APR of 7.38% totals a monthly payment of $1,398.67. A 120 –month term with LTV up to 80.00% and an APR of 6.88% total a monthly payment of $808.44. A 120 –month term with LTV up to 90.00% and an APR of 7.63% total a monthly payment of $835.67. A 180 –month term with LTV up to 80.00% and an APR of 7.13% total a monthly payment of $634.28. A 180 –month term with LTV up to 90.00% and an APR of 7.88% total a monthly payment of $664.12 Payment examples does not include taxes or insurance; your actual obligation may be higher. If an appraisal is required or if there are title issues, the process may take longer. Also, if a full appraisal is required, we will need to collect the appraisal fee and other closing fees up front in order to proceed with the application.

3 Home equity line of credit (HELOC) variable interest rate subject to change quarterly. Variable rates and repayment terms up to 120 months. Rate equal to the WSJ Prime Rate in effect on the last day of each calendar quarter subject to a floor of 3.00%. Maximum APR is 18.00%. Rates will not adjust until the 1st day of the billing cycle on the 15th of that month. FEES AND CHARGES: To open or maintain a home equity line of credit, you must pay certain fees to third parties. These fees generally range from $500.00 to $1,300.00. An itemization of the fees is available upon request by calling 800.374.2758. . LATE PAYMENT FEE: If your payment is more than 10 days late, you will be charged 5.00% of the payment due. PROPERTY INSURANCE: You must carry insurance on the property that secures this plan.

Home Equity Loan products are not currently available in the state of Texas.

  • A fixed-rate, close-end loan you can use for several needs:
    • Home remodeling projects
    • Debt consolidation
    • Educational expenses
    • Major life events
    • And more!
  • Borrow up to 90% of the equity in your home.1
  • Minimum amount - $7,500—Maximum loan amount is $500,000.2
  • Repayment terms: up to 180 months
  • Interest paid might be tax deductible.3
  • Pre-qualification is possible by applying over the phone or in person
  • Helpful, expert service throughout the entire process

A Home Equity Line of Credit (HELOC) is like a home equity loan, except instead of a one-time disbursement of funds, you may get pre-approved up to a certain amount, and access funds as you need them. Choose between our Classic HELOC or our Smart Line HELOC for a line of credit that fits your needs.

  • Variable rates—only pay interest on what you use
  • Borrow up to 90% of the equity in your home 1
  • Competitive rates for several ongoing or seasonal needs
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • Funds are available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit — as principal is repaid, more becomes available for use
  • The interest paid might be tax-deductible.3
  • Set up automatic payments to be deducted from your account monthly
  • Professional, customized service throughout the entire process
Classic Line HELOC
  • Allows you to pay interest only—ideal for those who want to upgrade their current home before selling.4
Smart Line HELOC
  • Allows you to make payments on both principal and interest—perfect for that season-long project.4

USSFCU has teamed up with Accurate Group, LLC to provide our members with an exciting option for completing your Home Equity Loan package signing. 

NotaryWorksTM  by Accurate Group utilizes cutting-edge technology, replacing the need to send a closing agent to your home.

Qualifying members5 can complete the notary experience virtually with a notary by reviewing and signing loan documents on your computer, tablet, or mobile devices. All NotaryWorksTM notaries are certified and pre-screened by Accurate Group.

FYI: This service requires the member to be on a Desktop or Laptop with a webcam. You will also need to provide 1 Photo ID during the meeting. (Passport, Drivers License, etc.) Please make sure you have this with you and ready to show during the online e-closing session. You may be promoted to run a quick plug-in that only takes a few seconds to load. 

If you are interested in the efficiency of an online meeting, NotaryWorksTM is for you! Please contact your USSFCU loan officer to arrange your online closing.

Participating members will be subject to the Commonwealth Virginia Notary Statutes. Notary law requires all electronic notary ceremonies to be video recorded. Valid ID required and recorded during closing. Not available in all locations. Internet access is required.

1 90% LTV on loans not exceeding $400,000. 80% LTV on loans between $400,001 - $500,000. 2 Not all applicants will qualify for the lowest rate. Rates and terms are subject to change and may vary based on creditworthiness and qualifications. 3 Consult a tax advisor. 4 To open or maintain a home equity line of credit, you must pay certain fees to third parties. An itemized list of third-party fees is available upon request by calling 800.374.2758. Other fees may apply. 5 Participating members will be subject to The Commonwealth of Virginia Notary Statutes. Notary law requires all electronic notary ceremonies to be video recorded. Valid ID required and recorded during closing. Not available in all locations. Internet access is required. Members should not send personal information via email. 

The United States Senate Federal Credit Union complies with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act). A list of our registered originators can be found by searching for the United States Senate Federal Credit Union here.

Members' Voice Testimonials

This credit union is the best, I love the customer service and you can't beat the interest rates. I'm happy to be a member of this great credit union.

The branch manager introduced herself and was extremely helpful. She stated that if there is anything we ever need to please let her know. Very positive experience!

Greta was absolutely amazing - as always. She makes me and my parents feel valued and supported. We are forever grateful. [The Credit Union] has been hugely supportive over many years. And we feel known and cared for.

Long as I have been with the credit union, I haven't had any problems. I also like the protection on my account.

My overall experience at the credit union was exceptional. The staff was hospitable offering water, my service was timely and professional and the office was well lit and clean.

As a member for more than 40 years, i have always had great service from the USSFCU and know that they stand behind their great reputation.

A top rate Credit Union, [I'm] privileged to be part of! Thank you for all you do for our family! USSFCU Credit Union was able to resolve our financial situation - vehicle, personal loans, customer service/recommendations, within 6 months. We belonged to another credit union for over 20 years, with results not even close to comparison. We switched ...

Your people and products are amazing. The recent [online banking] overhaul is phenomenal. [I've] been electronic banking since Tele action phone banking - paying bills with my push button landline decades ago. USSFCU is light years ahead of everyone else in terms of ease of use and client experience!

I have been a member for more than 30 years. I no longer reside in the DC area but continue to bank with USSFCU because of the ease and the customer service.

I have been a member for over 50 years, and I have always gotten good service with loans, when I had to have service at a branch, and when I needed to have money sent to me from my savings account. The personnel have always been friendly and treated me with respect.

I especially appreciate being able to quickly speak with someone (not a robot) and that person has always been knowledgeable and helpful.

Excellent customer service streamlined and transparent process. The representatives are efficient, knowledgeable, and understanding of the type of loans offered by Credit Union.

The USSFCU behaves as a credit union ought to behave. The staff works with and for the members, not for a corporate board. Interest rates for a car loan, a home improvement loan, and a mortgage are low and terms are transparent.

Staff are courteous and friendly to work with. Very knowledgeable about services and products offered or available. Excellent follow-up with customers.

I have appreciated USSFCU services for many years since I left my work on Capitol Hill. I have appreciated the occasional webinars on purchasing a home or retirement planning.

I have been a member since 2006, and have always appreciated the customer service response to any concern or query. In addition, as I have traveled extensively, USSFCU has provided support and access.

I've had a credit union account for decades, even though I no longer work on Capitol Hill. I now have two accounts. I've been able to do all of our banking remotely, by app or by phone.

I have been a USSFCU member for almost 20 years. There is nowhere else I want my money to be. I always receive excellent service.

I deeply appreciate the stellar service, the proficiency, the professionalism, and the kindness. I am truly honored and grateful to bank with a financial institution that treats customers like family.

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