Home Equity Loans + Lines - AmeriCU Credit Union - Apply today!

Home Equity Loans + Lines

Use your home’s equity to create your happy place!

With home values climbing and loan rates at all-time lows, now’s the time to use your home’s equity to create your happy place! AmeriCU has the perfect Home Equity and Home Improvement loan options to suit every project and every budget. So go ahead – design your dream deck; dive into that pool project; map out your man cave – do it all with a home loan from AmeriCU!

Our Member Relationship Advisors are here to help you identify the best solution to help you get your project moving. Don’t delay – start today!

Which loan should I choose?

Not sure what you need? Read on to see what the right choice is for you.

Home Equity Installment Loan

Perfect for any home improvement project, this loan is secured against your home’s equity, offers a low fixed rate for the life of the loan, and can be processed within 4 to 5 weeks.

  • 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

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 processed within 2 to 3 weeks, and your funds can be easily accessed at any time.

  • 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.

Home Renovation Loan

Ideal for projects between $10,000 and $75,000, this loan is secured against your home or other assets. This option provides a low, fixed interest rate for the term of the loan. Our team will work with you to minimize processing time so your renovation can start on schedule!

  • Designed for home improvement projects between $10,000 and $75,000 in cost
  • Proceeds received in lump sum after closing
  • Low, fixed interest rate for the term of the loan. Your principal and interest payment remains the same
  • Terms up to 20 years
  • Faster loan processing – get started on your project sooner!

View current Home Renovation Loan rates.

Apply for a Home Renovation Loan.

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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.