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Home Equity Loans

Home Equity Loans

Use your home’s equity to fund life's major purchases or home improvements

At a Glance

What will you do with your home’s equity? A DCU Fixed-Rate Equity Loan or Home Equity LinePLUS gives you the ability to borrow against your home’s equity to pay for major purchases, home improvements, and more.

Features/Benefits

Fixed-Rate Home Equity Loan – You’ll have the same principal and interest payment for the life of the loan. Fixed-Rate Home Equity loans are available in all 50 states.
Home Equity LinePLUS - also called HELOC – Features a 20-year draw period followed by a 20-year repayment period and can be locked in at a fixed rate on up to 2 advanced portions of your loan at a time. Advance what you need when you need it up to your available balance. Also, can be used as overdraft protection on a DCU Checking Account. DCU’s HELOC is not available in CT, NC, TX, WI & WV.
No prepayment penalties
DCU service for the life of the loan – We’ll service your loan as long as you have it. No need to worry about making payments to a different lender.
Online access - Manage your account through online and mobile banking from anywhere.
As Low As
3.74% APR
RATING
4.5 4.5 / 5 stars

TERM FOR FIXED-RATE HOME EQUITY

5 years

MAXIMUM CLTV FOR RATE SHOWN

80% of your home's value

Fixed-Rate Home Equity Loan Rates

The advertised rates are for residences with a combined loan-to-value (CLTV) of up to 80% of your home’s market value and reflect the lowest rates available.

Term Term Rate Rate APR² APR² EMP¹ per $1,000 EMP¹ per $1,000
Up to 5 Years 3.74% 3.74% $18.30
Up to 10 Years 4.74% 4.74% $10.48
Up to 15 Years 4.99% 4.99% $7.90
Up to 20 Years 5.49% 5.49% $6.87
Term Term Rate Rate APR² APR² EMP¹ per $1,000 EMP¹ per $1,000
Up to 5 Years 3.74% 3.74% $18.30
Up to 10 Years 4.74% 4.74% $10.48
Up to 15 Years 4.99% 4.99% $7.90
Up to 20 Years 5.49% 5.49% $6.87

¹EMP = Estimated Monthly Payment is for principal and interest per $1,000 borrowed. Payment examples do not include taxes or insurance premiums, payment obligation will be higher.

²APR = Annual Percentage Rates are subject to change any time. Rates are determined by creditworthiness, loan-to value (LTV), occupancy status, property type and loan purpose, so your rate could be higher. Property and flood insurance (where applicable) may be required for the life of the loan. All loans are subject to approval, other conditions may apply. 

Rates are effective {currentdate}

Fixed-Rate Home Equity Loan Rates

The advertised rates are for loans with a combined loan-to-value (CLTV) of up to 90% of your home’s market value (for primary residences in MA & NH only) and reflect the lowest rates available.

Term Term Rate Rate APR² APR² EMP¹ per $1,000 EMP¹ per $1,000
Up to 5 Years 4.49% 4.49% $18.64
Up to 10 Years 5.49% 5.49% $10.85
Up to 15 Years 5.74% 5.74% $8.30
Up to 20 Years 6.24% 6.24% $7.30
Term Term Rate Rate APR² APR² EMP¹ per $1,000 EMP¹ per $1,000
Up to 5 Years 4.49% 4.49% $18.64
Up to 10 Years 5.49% 5.49% $10.85
Up to 15 Years 5.74% 5.74% $8.30
Up to 20 Years 6.24% 6.24% $7.30

¹EMP = Estimated Monthly Payment is for principal and interest per $1,000 borrowed. Payment examples do not include taxes or insurance premiums, payment obligation will be higher.

²APR = Annual Percentage Rates are subject to change any time. Rates are determined by creditworthiness, loan-to value (LTV), occupancy status, property type and loan purpose, so your rate could be higher. Property and flood insurance (where applicable) may be required for the life of the loan. All loans are subject to approval, other conditions may apply. 

Rates are effective {currentdate}

Home Equity LinePLUS (HELOC) Rate

The advertised rate is shown for loans on a primary residence with a combined loan-to-value (CLTV) of 80% of your home’s market value.

Rate Index Rate Index APR¹ APR¹
Prime + 1.24% 4.49%
Rate Index Rate Index APR¹ APR¹
Prime + 1.24% 4.49%

Rates are effective {currentdate}.

¹APR = Annual Percentage Rate is variable, tied to the Prime Rate, and can change monthly with a minimum rate of 4.49% and a maximum rate of 18%. The Prime Rate is currently 3.25% as of March 16, 2020. To open a line of credit there may be certain fees paid to third parties at closing, unless otherwise noted, these fees generally total between $0 and $3,500.00. If you ask, we will give you an itemization of the these you may have to pay to third parties. Property and flood insurance (where applicable) may be required for the life of the loan. All loans are subject to approval, other conditions may apply.

Please refer to DCU's Early Federal Disclosure for more information on Home Equity rates, including historical rate examples. You may obtain this information by contacting DCU.

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What Our Members Are Saying

Just what we needed

RATINGS 5 5 / 5 stars

The fact that DCU has the option to have a 90% LTV Home Equity Loan product game changer, and was the main deciding factor on choosing DCU. The service by all parties involved was fantastic. Highly recommend!

Michael – East Taunton, MA

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Amazing service

RATINGS 5 5 / 5 stars

So easy to apply. Questions were answered quickly and in their entirety. Every step was explained. We closed early. We would definitely recommend DCU to anyone!

Pinepup – Phoenix, AZ

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Great loan process & best rates

RATINGS 5 5 / 5 stars

DCU was a standout among all other lenders. The loan process was easy and fast, and they had the best rate by far. They also provided great support and were responsive throughout the process.

Chris – Louisville, KY

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