Benefits of AmeriCU’s Home Loans + Lines of Credit:
- No closing costs 1
- Great, low rates
- Quick to close – usually in approximately 2 to 4 weeks
- Simple, mobile-friendly applications
- Greater purchasing power
- Now offering Home Equity Loans and Lines of Credit in the state of Florida!
Understanding Your Home Equity Options
A home equity loan or home equity line of credit (HELOC) can help you make the most of your home’s value—depending on your needs. Home equity loans offer a one-time lump sum with predictable payments, while HELOCs provide flexible access to funds over time.
AmeriCU offers both options and guidance to help you choose the solution that fits your goals, budget, and lifestyle.
3.99% APR2 – Home Equity Line of Credit*
This product is a flexible option for a project or series of improvements that don’t have fixed expenses. It offers a low variable interest rate, can be closed in 2 to 3 weeks, and your funds can be easily accessed at any time.
- No closing costs!1
- Offers a low fixed introductory rate, and thereafter offers a low variable interest rate2
- Low, variable interest rate tied to the prime rate2
- Interest-only payments for the initial access (draw) period of 10 years
- Access funds at any time by writing a check, making an online transfer, or phone call.
- After the draw period of 10 years, then the line of credit is closed and you have an additional 15 years to repay
View Disclosures and Current Rates
Home Equity Installment Loan**
Perfect for any home improvement project, debt consolidation, college expense or vacation, this loan offers a low fixed rate for the life of the loan, and can be closed in 2 to 4 weeks.
- No closing costs!1
- Low, fixed interest rate for the term of the loan.
- Fixed principal and interest payments.
- Terms up to 20-years3
- Receive your funds in a lump sum after closing
- Tax deductions may apply. Consult your tax advisor.
View Disclosures and Current Rates
Home Equity Plus – lend up to 133% of your home’s current value!***
Designed specifically for home improvement projects only, this loan offers a low fixed rate for a fixed term and can be closed in 2 to 4 weeks.
View Disclosures and Current Rates
DEBT PROTECTION
Get the coverage you need to protect what matters most to you with ACUShield Debt Protection from AmeriCU.
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Questions? Click the ‘Let’s Connect’ button in the bottom right-hand corner to get started!
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1 No closing costs- If the loan is closed within 3 years, the member must reimburse closing costs incurred by AmeriCU plus any additional fees to satisfy legal requirements. Extra .25% off valid with automatic payments from AmeriCU checking account. Fees can range from $269 to $5,510. For New York State properties, at loan closing, the Borrower will be required to pay the New York State Mortgage Tax due that exceeds 1% of the mortgage amount.
2 Rates current as of 10th July 2026, introductory rate for the first 6 months as low as 3.99% APR. Afterwards, the APR will be 6.25% to 10.25% APR. The introductory rate is available on Home Equity Lines of Credit with a loan-to-value ratio, less first mortgage, of no more than 80%. After first 6 months, the variable APR may vary monthly based on the Prime Rate published in the Wall Street Journal and may be subject to change thereafter in accordance with the line of credit documents, not to exceed 15% APR. Rates and terms are determined by overall credit history, loan-to-value and term of loan, and are subject to change without notice.
3 Rates and terms are determined by overall credit history, loan-to-value and term of loan, and are subject to change without notice.
*Home Equity Line of Credit – Minimum line of credit is $7,500. Applications are subject to credit approval and available for primary and secondary/vacation residences in New York and Florida only.
**Home Equity Fixed Rate Installment Loan – Applications are subject to credit approval and available for primary and secondary/vacation residences in New York and Florida only.
***Home Equity Plus – Cannot be combined with certain types of active AmeriCU home equity or home improvement loans. Applications are subject to credit approval and available for primary and secondary/vacation residences in New York only. The maximum loan-to-value ratio, less first mortgage, of no more than 133%.