Home Equity Loans

Apply Now

 

Tap into your built-up home equity with a fixed-rate loan.

A home equity loan, also called a second mortgage, lets you borrow against the equity you've built up in your home through your down payment, mortgage payments and increased home value. 

  • Fixed-rate loan with a $5,000 minimum loan amount.
  • Choose a term of 5, 10 or 15 years.
  • No annual fees, no prepayment penalties, no closing costs.4
  • You may have the option to borrow up to 100% of your equity.
  • Rates vary based on term length and your loan-to-value ratio.
  • Home equity loans can be used for any purpose.

A home equity loan may be the right choice if:

  • You want a lower rate than your average personal loan.
  • You have a good amount of equity built up in your home.
  • You want steady monthly repayments.
  • You need a large amount of upfront cash, such as for a major home repair or vehicle purchase.

Apply NowView RatesCompare Options

Have Questions or Need Help? 

Schedule an Appointment Request a Call


What's a Loan-to-Value Ratio?

Your loan-to-value ratio (LTV) is a percentage that indicates how much equity you have in your home. LTV is used to help determine rates for home equity loans and lines of credit.

To calculate your LTV, divide your mortgage balance by your property's value like this:

Mortgage balance ÷ Property value = LTV

Try our free rate quote tool to estimate your LTV and compare home equity rates. Learn more about home equity loans and lines in our FAQs.

Couple using a tablet to search UW Credit Union's Home Finder app for a new home

5 Year Fixed Rate Loan1

Rates as Low as
3.99
%
APR *

10 Year Fixed Rate Loan2

Rates as Low as
4.99
%
APR *

15 Year Fixed Rate Loan3

Rates as Low as
6.49
%
APR *

Tools & Resources

  • Get a Rate Quote
    Compare products, rates and payments based on your home equity.
  • See All Rates
    Explore rates and terms for our range of home equity loans and lines.
  • View Current Offers
    Check out our exclusive money-saving home equity promotions.

Refinance Your Loan

Have an existing home equity loan or line elsewhere? Refinance with us for a better deal!

Learn more in our FAQs >

 

Get a Rate Quote

Calculate how much home equity you have and what rates and products are right for you.

Get a home equity rate quote >