Go to main content Heritage Credit Union


Home Equity Loans

Unlock the Equity in Your Home and Put it to Work for You

What is Home Equity? It’s the current value of your home minus your mortgage balance. With a Home Equity loan, you can borrow against that equity and use the money for a variety of purposes like:

  • Home Improvement Projects
  • Debt Consolidation or Pay Off Bills
  • Pay for Large Purchases Like Weddings or College
  • Have Access to Money for Emergencies

No matter the need, our flexible Home Equity loan options give you the ability to activate the funds you need, when you need them. Contact one of our Loan Officers to help you select the right option for your goals.

Home Equity FLEX-LOCK

A variable rate, open-end home equity line of credit which allows you to borrow up to 90% of the appraised value. Account balances can be converted to a fixed rate calculation, up to two at one time.1

Fixed Rate Home Equity Loans

Our fixed rate home equity loan is perfect for budgeting purposes. You can count on the same monthly payment for the life of the loan. A one-time processing fee of $250 is charged unless $10,000+ of new money is advanced at the closing.

Simpli-Easy Refi

Save money and time with $249 closing costs2, with our Simpli-Easy Refi you can refinance your first mortgage at a low rate with terms up to 15 years.3

Connect with a LOAN OFFICER


1The prime rate is the highest prime rate published in the Money Rates section of the Wall Street Journal in effect on the first day of each calendar month. Prime is a variable rate; as it changes, the APR on your account will also change. As of 09/21/2022, the Prime Rate is 6.25%. Current rates range from Prime – 0.25% currently 6.00% APR to Prime + 1.00% currently 7.25% APR. The minimum APR will not go below 3.00% and the maximum APR will not exceed 18.00%. $150 processing fee waived if advancing $10,000 when the account is established. $50 annual fee waived if you take at least one advance during each 12-month period preceding the anniversary date of your account. Consult a tax advisor regarding deductibility of interest. Credit is subject to approval and underwriting factors. All credit union loan programs, rates, terms and conditions are subject to change at any time without notice.

Fixed Rate Conversion Option: During the draw period, Variable Rate Account balance(s) can be converted to a Fixed Rate calculation. You may exercise the option to convert up to two times (subject to a maximum of two Fixed Rate balances outstanding at any one time), and the specific rate that you receive will be based upon the credit union rates in effect at the time of conversion. For the applicable minimum monthly payment, daily periodic rate and corresponding APR for each Fixed Rate balance, a separate Fixed Rate Conversion Request document will be provided to you at the time of such conversion.

2Simpli-Easy $249 Closing Cost is not considered a finance charge per regulation. The items included are: Appraisal Fee; Title work; Flood; and recording fee. Equal Housing Lender

3Exclusive to first mortgage refinances. Subject to credit review and approval. Offer available on first lien refinances only; loan to value not to exceed 80%. Property insurance is required. Programs, rate, terms and conditions are subject to change without notice. Some restrictions apply.

Go to main navigation
Go to main navigation