Home Equity Loans

Tap into your home’s equity to get the cash you need. A low-rate home equity loan or line of credit from Democracy FCU is just what you need for home renovations, debt consolidation, and so much more!

Home Equity Loans and Lines of Credit

Home Equity Loans

Looking for a one-time lump sum to use any way you like? Our home equity loan is perfect for you. Enjoy:

  • Borrow up to 85% of your home’s value
  • Loan amounts from $10,000 to $250,000
  • Fixed monthly payments
  • Great for big-ticket purchases

Home Equity Loan Information and Disclosure (pdf)

Home Equity Lines of Credit

Our home equity line of credit is for you if you’d like to access funds on an ongoing basis. Apply today and enjoy:

  • Credit Lines from $10,000 to $250,000
  • Perfect for recurring expenses
  • Only pay on the funds you use
  • Borrow up to 85% of your home’s value

Home Equity Line of Credit Information and Disclosure (pdf)

Apply Today

To apply, contact a loan specialist today at 800-742-5582 extension 7063.

Home Equity Loan and Line of Credit Rates

Table data for Home Equity Loan Rates
 Rates effective 06-19-2018
Term Maximum Loan Amount APR (as low as)1 Maximum LTV Monthly Payment per $1,000 Estimate Your Payment Alert Me
5 years $250,000 4.50% 85% $18.64 Estimate Your Payment
7 years $250,000 5.00% 85% $14.13 Estimate Your Payment
10 years $250,000 5.50% 85% $10.85 Estimate Your Payment
15 years $250,000 6.50% 85% $8.71 Estimate Your Payment
10 years $250,000 4.50% 80% $10.36 Estimate Your Payment
15 years $250,000 5.00% 80% $7.91 Estimate Your Payment
Properties must be owner occupied. Other restrictions apply. (See Product Overview for full details.

)
  • 1APR = Annual Percentage Rate. Closing cost will be paid by lender. If loan is paid off within 36 months, the member will be required to reimburse Democracy FCU for closing costs paid on the member’s behalf. No application fee. Subject to credit and collateral approval.

Table data for Home Equity Line of Credit Rates
 Rates effective 06-19-2018
Maximum Line Amount APR (as low as)1 Payment Maximum LTV Alert Me
$250,000 Variable APR of Wall Street Prime 4.50% as printed in the Wall Street Journal on the last business day of the previous quarter. 1.50% of the outstanding balance on the last day of each month. 85%
Properties must be owner occupied. Other restrictions apply. (See Product Overview for full details.)
  • 1APR = Annual Percentage Rate. Closing cost will be paid by lender. If loan is paid off within 36 months, the member will be required to reimburse Democracy FCU for closing costs paid on the member’s behalf. No application fee. Subject to credit and collateral approval.

Estimate Your Home Equity Loan Payment