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Personal and Business Banking

DCU Home Equity Fixed Rate

Equity Fixed Rate

Finance life's major purchases.

As low as




for up to 80% of your home's value1

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

  • Low fixed rates – You’ll have the same payment for the life of the loan.
  • Borrow up to 20 years – Terms from 5 to 20 years allow you to pick the payment that works best for you.
  • No points or closing costs** and no pre-payment penalties
  • Available in all 50 states

*Annual Percentage Rate

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

Apply Now ›

Fixed Rate Equity Loan Rates:

Borrow up to 90% of your home's value minus your first mortgage in Massachusetts and New Hampshire - 80% in other states.1 No points or closing costs.**

Apply Now ›
Up to 80% of home value2
Terms / Features Rate APR Estimated Monthly Payment
per $1,000
Up to 5 years 4.24% 4.385% $18.53
Up to 10 years 5.24% 5.335% $10.72
Up to 15 years 5.49% 5.561% $8.17
Up to 20 years 5.99% 6.052% $7.16
Up to 90% of home value2
Terms / Features Rate APR Estimated Monthly Payment
per $1,000
Up to 5 years 4.99% 5.162% $18.87
Up to 10 years 5.99% 6.101% $11.10
Up to 15 years 6.24% 6.322% $8.57
Up to 20 years 6.74% 6.812% $7.60

Rates are effective .

1 - 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).

2 - Minus the balance of your first mortgage.

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

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

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

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.

4.6 out of 5 stars filled

DCU Members rated Fixed-Rate Home Equity Loans 4.6 out of 5 stars

Here's what they're saying:

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    Awesome to work with

    Thanks to DCU for working with me during the application process for my Equity Loan. They were very quick, friendly, professional and a pleasure to do business with - as usual.

    ~ Pat
    Middleton, MA

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    Best rate around!

    DCU was recommended by my son and for great reason. I received the best finance rate there is, and DCU staff were absolutely amazing. The process was complete and closed 3 weeks sooner than expected. I couldn’t be happier and will use DCU for ALL my banking needs.

    ~ Lucy58
    Worcester, MA

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    Friendly service, fixed rate

    Your friendly service and low fixed rates are a blessing to find. The uploading of documents and signing at home make things very easy. Much better than the large big banks. What a blessing, thank you.

    ~ Brad2018
    Nashua, NH

Previous videos Next videos
Fixed-Rate Home Equity Loan is rated 4.6 out of 5 by 421.
Rated 5 out of 5 by from Home Equity Loan was just what we needed 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!
Date published: 2018-11-24
Rated 5 out of 5 by from The process was quick and easy The online document signing made the process much easier. My rep was readily available by email or phone as needed.
Date published: 2018-11-10
Rated 5 out of 5 by from Great features! The home equity loan worked for me saving me lots of money! It consolidated my bills allowing me to breathe again without the burden of per diem costs dragging me down! The plus side will improve my FICO score making me a better person financially!
Date published: 2018-11-02
Rated 5 out of 5 by from Amazing service and a fantastic process We were nervous about pursuing a home equity loan. Visions of document uploads, lost papers, etc.were the stuff of nightmares. We were extremely surprised when none of this was true! So easy to apply. Questions were answered quickly and in their entirety. Every step was explained. We closed early. Our bills were paid for us! We would definitely recommend DCU to anyone!
Date published: 2018-10-27
Rated 5 out of 5 by from Process is smooth from start to end DCU has made process so simple to apply for a loan. I love all the products from them.
Date published: 2018-10-27
Rated 5 out of 5 by from I had a very good experience and process my loan specialist was excellent I was very satisfied with the excellent service I received from the loan specialist as well as the results, and now I get to fix my house and live more happy.
Date published: 2018-10-14
Rated 5 out of 5 by from DCU is member friendly I’m happy with the service, the rate and the ease of the whole process.
Date published: 2018-10-07
Rated 5 out of 5 by from A+ service Process was easy and efficient. Glad I switched to DCU years ago.
Date published: 2018-10-06
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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

Is each new draw against the Home Equity Line tracked separately?

Example: If I take a $25K draw initially and then a $50K draw a year later, is that second $50K draw's payment figured based on a separate amortization (ex: 15 years) or is it combined with the initial draw and the additional amount amortized only over the remaining period of that initial draw (ex: if there are 14 years left to payback the initial draw then would the combined amount upon the second draw be amortized only over 14 years)?.
Asked by: TomT
you can only have one equity loan pulled at a time . so if u needed more after original equity loan essentially you would need to refinance the loan . Take out new loan to cover first ;loan amount plus what ever else is needed . Of course you can choose your term at that time extend or shorten new loan . Interest rate will be for new loan of course whatever the rate is. You could also choose a revolving equity loan for which you can continue to pull from over the trs again for what ever term you choose , the back draw to this type of loan is not having a fixed interest rate.
Answered by: JA
Date published: 2018-07-07

If I own my home outright can I get a home equity loan?

Asked by: MikeNShirley
As long as your name is on the title, you can get a home equity loan. You may also want to look at home equity lines of credit.
Answered by: Frymd
Date published: 2018-09-01
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