JavaScript must be turned on in order for this site to display properly.
What Can DCU Save You?

Fixed-Rate Home Equity Loans

One large advance for whatever you need

  • Features
  • Details
  • Rates
  • Reviews
  • Apply Now
  • Resources
fixed rate home equity

One advance for one purpose

  • Fixed rate and term
  • Equal monthly payments
  • No points, no closing costs
  • Borrow up to 90% of your home's value minus your first mortgage*
  • Borrow up to 20 years

Read Why Home Equity Loans to learn why home equity loans are a good option to finance the major purchases of your life.

* Up to 80% outside of Massachusetts and New Hampshire. Other restrictions may apply.

Please refer to Details and Rates tabs for additional information and important disclosures.

"You guys are awesome to work with"

Open quote Thank you very much for working with me during the application process for my Equity Loan. You were very quick, friendly, professional and a pleasure to do business with as usual.  Close quote

— Pat, Middleton, MA

DCU Fixed-Rate Home Equity Installment Loans

A Fixed-Rate Home Equity Installment Loan is much like an auto loan in that you get the full amount at the start of the loan and pay it down in equal payments for the term you selected.

DCU's Fixed-Rate Home Equity Loans offer you...

  • Low competitive fixed rates – Your actual rate is determined by your personal credit history
  • Finance up to 90% of your home's value minus your first mortgage. Up to 80% outside Massachusetts and New Hampshire*
  • No points, no closing costs**
  • Loans from $15,000***
  • Borrow up to 20 years – A shorter loan term means a lower interest rate. A longer loan term will give you a smaller monthly payment.
  • No pre-payment penalties
  • Available in all 50 states

* Other restrictions may apply.

** Excludes state mortgage taxes in FL, KS, MD, MN, NY, OK, TN, and VA.

*** Please be aware that current market conditions may limit the amount of financing DCU can provide (examples: low property values, property located in a declining value area).

Home Equity Fixed-Rate Installment Loan Rates

Borrow up to 90% of your home value minus your first mortgage in Massachusetts and New Hampshire – 80% in other states.*    No points or closing costs.

Our Best Rates**
Up to 80% of home value***
Terms / Features Rate APR Estimated Monthly Payment
per $1,000
Up to 5 years 3.74% 3.74% $18.30
Up to 10 years 3.99% 3.99% $10.12
Up to 15 years 4.24% 4.24% $7.52
Up to 20 years 4.74% 4.74% $6.46
Up to 90% of home value***
Terms / Features Rate APR Estimated Monthly Payment
per $1,000
Up to 5 years 4.49% 4.49% $18.64
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

Rates are effective .

*Please be aware that current market conditions may limit the amount of financing DCU can provide (examples: low property values, property located in a declining value area).

90% Loan to Value for MA and NH Primary Residence only.

Assumptions: $20,000 Home Equity, MA, Worcester County, 740+ FICO.

State mortgage taxes in FL, KS, MD, MN, NY, OK, TN, and VA.

**Rates are determined by your personal credit history. Our Best Rates are for members with the best credit. Other rates may apply

***Minus the balance of your first mortgage.

Investment Property Home Equity Loans are limited to one loan per member, a $50,000 maximum loan amount and an 1% increase in rate.

APR = Annual Percentage Rate.

Please refer to the Features and Details tabs for more information.

Fixed-Rate Home Equity Loan is rated 4.6 out of 5 by 369.
Rated 5 out of 5 by from Hassle free home equity loan Working with DCU was a breeze. They were there with me every step of the way. Anytime an issue came up, they were there to help deal with it.
Date published: 2018-03-03
Rated 5 out of 5 by from Home equity loan The people who I had to work with were very nice. Fast closing
Date published: 2018-03-03
Rated 5 out of 5 by from Home Equity Loan - quick and easy Obtaining a Home Equity Loan with DCU was a very smooth process, from application to closing. Very good rates, exceptional customer service (which can make or break any business), and short turnaround time. It has been a pleasure and we look forward to working with DCU for any future financial needs.
Date published: 2018-02-26
Rated 5 out of 5 by from Very Quick and Smoth Process Since the Andover Branch application to the final closing I received an outstanding customer service. In 3 weeks I got the money needed to do my home improvement project. The interest rate was great too.
Date published: 2018-02-24
Rated 5 out of 5 by from This product has unique features Loan process complete only staff are very supportive until you get funded
Date published: 2018-02-24
Rated 5 out of 5 by from Seamless The online system was very user friendly and there was always a phone number available if additional help was needed. When I did call someone always answered and my questions were answered on the spot or with a return phone call. I will recommend DCU to anyone.
Date published: 2018-02-13
Rated 5 out of 5 by from Home Equity Line was quick and easy I was very happy with the service DCU provided in getting me my home equity line. It was easy to upload and sign documents through the portal and it was really nice to be able to close the loan in my home. Everyone was helpful and very professional.
Date published: 2018-02-10
Rated 5 out of 5 by from We were very happy with the ease of submitting the applicable data required and the ease of closing Working with the folks at DCU over the last couple years has been a great experience. We have had multiple car loans with very low interest rates as well as new credit cards with low interest rates. So giving them an opportunity at a home equity line or fixed mortgage seem to make sense.
Date published: 2018-02-03
  • y_2018, m_3, d_15, h_21
  • bvseo_bulk, prod_bvrr, vn_bulk_2.0.7
  • cp_1, bvpage1
  • co_hasreviews, tv_0, tr_369
  • loc_en_US, sid_3-3, prod, sort_[SortEntry(order=RATING, direction=DESCENDING), SortEntry(order=SUBMISSION_TIME, direction=DESCENDING), SortEntry(order=FEATURED, direction=DESCENDING)]
  • clientName_digitalfederalcreditunion

Are there any prepayment penalties with your home equity loans?

Asked by: DCU Member
There are no prepayment penalties!
Answered by: Donna46
Date published: 2017-03-04

Home Equity Loan - How is current value of home determined? That is, is it re-appraised or tax records or other? Thank you.

Asked by: dmb4371
A "Collateral Point" Appraisal. Which in my case meant an appraisal that came in 18% less than a real appraisal I had 9 months ago. Even though prices are rising both in my town and in my neighborhood. If you have a real LTV close to their limits, fully expect a poor result.
Answered by: Unhappy DCU member
Date published: 2017-09-23

Are there any closing costs associated with your home equity loans?

Asked by: DCU Member
I just took fixed home equity loan and there was no other costs.
Answered by: hari
Date published: 2013-10-23

I am in IL, Aurora . I want to refinance my mortgage. I want to know what are the closing cost.

Currently I am in FHA 5/1 ARM. I am looking for the fixed mortgage. Can I get the 90% of the loan in IL? Currently I am dcu member from last 14 years.
Asked by: Sudhakar
They should be able to accomodate your loan re-financing. Call the DCU loan officers and discuss your options. There is no obligation to lock- in or commit to a loan for the initial inquiry. Just tell them what you need.
Answered by: Jgon0627
Date published: 2013-10-23

Approval Criterior?

What is the minimum credit score accepted for approval?
Asked by: Mandalyn
The score has to be above 650.
Answered by: Jgon0627
Date published: 2013-10-23
  • y_2018, m_3, d_15, h_21CST
  • bvseo_bulk, prod_bvqa, vn_bulk_2.0.7
  • cp_1, bvpage1
  • co_hasquestionsanswers, tq_27
  • loc_en_US, sid_3-3, prod, sort_[SortEntry(order=LOCALE, direction=DESCENDING), SortEntry(order=FEATURED, direction=DESCENDING), SortEntry(order=NUM_ANSWERS, direction=DESCENDING)]
  • clientName_digitalfederalcreditunion

"Great customer service"

Open quote Getting an equity loan these days is difficult because of all the extra requirements. I interacted with many people at DCU during the course of getting a loan. Every one of them was knowledgeable, courteous and not once did they drop the ball. I highly recommend. Close quote

— 1HappyCustomer, Arlington, MA

Easy Ways To Apply Today

  1. Apply Online – 24 hours a day, 7 days a week.
  2. Apply by phone – 24 hours a day, 7 days a week call 800.328.8797 or 508.263.6700 and press 3.
  3. Any DCU Branch – Visit your local branch.


Open quote I spoke to several loan officers during the process and every one was so willing to help and answer any question I had about my loan. My wife and I felt very comfortable with the way everything was handled and hope to do more business with you in the future. Close quote

— MOE, Derry, NH

Home Equity Loan Resources

  • Loan Payment Method Authorization (.pdf format) – Use to have DCU set up electronic loan payments by transfer from your DCU savings or checking account. Note: you can set this up on your own with Online Banking Automatic Transfers.
  • Subordination Disclosure Authorization (.pdf format) – Use to request a subordination agreement on a Home Equity Loan.
  • Homeowners Insurance from DCU – You can count on us for good service, good value, and expert help in choosing the best homeowners or renters insurance solution for you and your family.

Home Equity Loan Related Links

  • Loan Calculator – Use these calculators to determine an approximate loan payment based on the loan amount (loan cash), term, and credit history standing. This helps you see if a loan will fit within your budget.
  • StreetWise Guide to CreditStreetWise guide helps you understand how credit works, how to use it responsibly, how to know if you are having difficulty with it, and what to do if you are.
  • Calculate Finance Charges – Sometime members have questions about how Finance Charges or Interest on their DCU loan accounts are calculated. This information is designed to make the information in your loan disclosures a little easier to understand.
  • Schedule of Fees and Service Charges – Details regarding member benefits that may help you avoid fees.
  • Financial Wellness and Recovery – Learn what DCU can do for you if you are now or think you may soon experience a financial setback. The earlier you contact us, the more we can do to help.