Home Equity Loans

Ready for summer vacation? Use your current home to get low-interest financing for your next big purchase — from vacation to renovation to education! If your house has increased in value or you've paid down a significant portion of your mortgage, you may be eligible for loan or line of credit to make your next big dream purchase a reality. Use your home to fund your next big step — apply now!

A new and enhanced online loan application platform is coming soon.

To apply for a loan, please contact Member Service Center at 202.224.2967 or visit a branch.

Are you a member of United States Senate Federal Credit Union?

Details
  • Competitive rates for several short-term or one-time needs:
    • Education expenses
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And much more!
  • Use the existing equity in your home as collateral backing
  • Personalized repayment terms that work uniquely for you
  • Interest paid might be tax deductible**
  • Helpful, hometown service throughout the entire process
Classic & Smart Line HELOC

A Home Equity Line of Credit (HELOC) is like a home equity loan, except instead of a one-time disbursement of funds, you can get pre-approved up to a certain amount, and access funds as you need them. You can even use it as overdraft protection for your checking account.

  • Choose between our Classic HELOC or our Smart Line HELOC for a line of credit that fits your needs
  • 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 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*
  • Set up automatic payments to be deducted from your account monthly
  • Professional, customized service throughout the entire process
NotaryWorks - Online Closing Service

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 members*** 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 be video recorded. Valid ID required and recorded during closing. Not available in all locations. Internet access required.

*Not all applicants will qualify for the lowest rate. Rates and terms are subject to change and may vary based on creditworthiness and qualifications.

**Consult a tax advisor.

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

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.