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

Home Equity Loans + Lines

Have equity in your home? Make new memories!

The equity in your home is at an all-time high! Don’t let empty nest syndrome keep you from taking advantage of the low-rate environment. Now is the PERFECT time for AmeriCU’s Home Equity Loans and Lines of Credit.

Turn that teenage time capsule into the guest room you’ve always dreamed of, or ease those back-to-school blues in your new yoga space. You plan the project; we’ll help make it happen! Make new memories with AmeriCU. Get started today!

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View Current Rates

Benefits of AmeriCU’s Home Loans + Lines of Credit:

  • No closing costs!**
  • Quick to close – usually in 30 days or less!
  • Simple, mobile-friendly applications.
  • Easy access to your funds when you need it.

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.

  • No closing costs!*
  • Low, fixed interest rate for the term of the loan. Your principal and interest payment remains the same
  • Terms up to 20 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.

  • No closing costs!*
  • 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
  • ACUshield can protection you from the unexpected.  Learn more about Debt Protection.

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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Helpful Home Equity Calculators

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Whether it’s your house, apartment, car, boat, or trailer, you want to be confident it’s protected in the event of an unforeseen circumstance. Get the right insurance at the right price and protect yourself today. Learn more about personal insurance.

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Financial Wellness

You face important financial decisions every day. Give yourself the tools you need to be prepared! Learn more about 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.

1st lien- Home Equity Loan
*APR = Annual Percentage Rate. Loan rates and terms are based on each applicant’s credit history and underwriting guidelines, are subject to change without notice, and may vary from those shown. Applications are subject to credit approval. Rates are based on a loan-to-value (LTV) up to 80% The rate you receive may vary based on your MemberPlus Relationship with us. 1st Lien or Home Equity loans are secured by a loan on property. 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. Fees can range from $35 to $1500. Equal Housing Lender. Insured by NCUA. Membership restrictions apply.

2nd lien- Home Equity loan
*APR = Annual Percentage Rate. Loan rates and terms are based on each applicant’s credit history and underwriting guidelines, are subject to change without notice, and may vary from those shown. Applications are subject to credit approval. Rates are based on a loan-to-value (LTV) up to 100% The rate you receive may vary based on your MemberPlus Relationship with us. 2nd Lien or Home Equity loans are secured by a loan on property. 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. Fees can range from $35 to $1500. Equal Housing Lender. Insured by NCUA. Membership restrictions apply.

Home Equity Line of Credit
*APR = Annual Percentage Rate. Rates and terms are subject to change without notice. Minimum line of credit is $7,500. 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. Applications are subject to credit approval. Rates and terms are determined by overall credit history, loan-to-value and term of loan, and are subject to change without notice. Up to 100% LTV: The advertised rate is available on Home Equity Lines of Credit with a loan-to-value ratio, less first mortgage, of no more than 100%. The variable rate APR would be equal to the Prime Rate, and may increase or decrease but not to exceed 15.00% APR. 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. Fees can range from $35 to $1500. A Home Equity Line of Credit is secured by a lien on real property. Property insurance is required to open a Home Equity Line of Credit. Product not eligible for MemberPlus relationship pricing. Equal Housing Lender. Insured by NCUA. Membership restrictions apply.