Home Equity Loans
What can you do with a City Credit Union home equity loan?
Maybe it’s time to pay off credit card debt, cover medical bills or finally tackle those long-overdue home repairs. A home equity loan can also help pay for tuition, a wedding or another major expense.
With lower rates than many credit cards and unsecured loans, a home equity loan can be a more affordable way to borrow. Fixed rates and terms also help keep payments predictable.
Highlights include:
- Fixed rates and terms for payment stability
- Competitive pricing based on current market conditions
- Flexible loan amounts based on available home equity
- Minimum loan amount is $25,000
City CU’s Real Estate team can help determine available equity, provide quick approval and guide you through the process from start to finish.
What is a Home Equity Loan?
With a home equity loan, you can typically borrow up to 80% of your home’s current value, minus any existing liens.
For example, if your home is appraised at $200,000 and you owe $100,000, you may have about $60,000 in available equity to use.
We offer homeowners insurance
We've saved Members thousands of dollars by lowering their home insurance rate. Let's find you a great insurance rate today!More information
All loans are subject to credit approval, property eligibility and applicable terms and conditions. Your home serves as collateral and may be at risk if you do not repay the loan. Rates, terms, and loan amounts may vary. NMLS #313585. Equal Housing Lender. Federally insured by NCUA.