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!

  • 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

*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.

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.