Home Equity Loans + Lines

Use Your Equity

AmeriCU offers you two ways to leverage the equity you’ve built up in your home. Our home equity loans and home equity lines of credit both offer great rates and minimal or no closing costs. They are ideal for consolidating debt, making home improvements, paying for college – or any other way you see fit. It’s your choice!

Which loan should I choose?

Not sure if you need a loan or a line of credit? Both offer great benefits, but there are some differences between the two. Learn what the right choice is for you.

Home Equity Installment Loan

  • Low, fixed interest rate for the term of the loan. Your principal and interest payment remains the same
  • Terms up to 30 years
  • Receive proceeds in a lump sum after closing
  • Fast processing time – loans typically close in about 30 days
  • Tax deductions may apply. Consult your tax advisor.

View current Home Equity Loan rates.

Apply for a home equity installment loan.

Home Equity Line of Credit

  • Low, variable interest rate tied to the prime rate
  • Interest-only payments for the initial access (draw) period of 10 years
  • Access funds (draw) at any time as you see fit by writing a check, making an online transfer, or phone call – easily transfer funds you need to your checking account
  • After the access (draw) period of 10 years, then the line of credit is closed and you have an additional 15 years to repay
  • Life and Disability Insurance is available to protect you and your family in case of injury, sickness or death

View current Home Equity Line of Credit rates.

Apply for a Home Equity Line of Credit.

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Financial Wellness

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Questions? Contact Us!

Our Member Service Center is available at 1.800.388.2000 – 24 hours a day, 7 days a week – to help you with whatever you need. Or visit our Contact page.