Home Equity Loans + Lines

Use Your Equity

AmeriCU offers several 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 what you need? Read on to see 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.

Home Renovation Loan

  • 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.