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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 430.
Rated 5 out of 5 by from Helpful My loan officer was excellent. I have never had anyone work as hard as she. I have had several loans through the years. No one has ever made the process so easy. A true customer service advocate / real person. Thank you
Date published: 2019-02-16
Rated 5 out of 5 by from A smart move up from the equity we had Refinancing to this product was so easy. The team at DCU made it super easy, and the rate and process were both great for our budget. Thank you DCU!
Date published: 2019-02-02
Rated 5 out of 5 by from Had a great customer experience If they can speed up the process much faster that'll be nice.
Date published: 2019-01-21
Rated 5 out of 5 by from fast, convenient very straightforward process. Excellent communication. My interest rate could have been lower but the ease of doing business with this bank makes up for that. DCU is the most efficient way to bank I have found. That includes direct deposit, autopay features, car loans, mortgage needs, opening accounts, transferring money, the list goes on. Well done DCU
Date published: 2019-01-02
Rated 5 out of 5 by from Excellent service and best value amongst all other financial firms Total length of the whole process took almost 5 to 6 weeks. I would have liked if the whole process took in less duration. Except that everything else was excellent. Such as loan application website is so easy, uploading documents and communication from DCU etc. Loan processor, Amanda is very helpful and promptly answered to my queries. After I responded to 'Equity national' first email, they never responded to me for a week. other than that the whole process was very easy to follow and convenient. Thanks,
Date published: 2018-12-24
Rated 5 out of 5 by from Quick turnaround & great product This is an excellent way to save money buy paying off higher interest debt
Date published: 2018-12-22
Rated 5 out of 5 by from Excellent Overall experience was awesome, only thing i wanted to bring is , i tried to reach the person many times over the phone but no luck. Seems the process is only through emails. it would be really nice if we will be in position to talk to a loan office. Thanks
Date published: 2018-12-19
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
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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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