Home Equity

At CEFCU, our Home Equity Loans and

Credit Lines have nothing to hide.

Home Equity

If you own your home, the no surprises CEFCU Home Equity Credit Line or Fixed-Rate Home Equity Loan could be just like money in your pocket.


Choose a variable Credit Line or a Fixed-Rate Loan, and CEFCU even pays closing costs up to $350 for most borrowers.*

Estimate the value of your home, then apply now, call Phone-A-Loan, or visit a Member Center to learn more about CEFCU's Home Equity options.

Estimating Your Available Equity
Appraised value of your home   $80,000
Multiply by .90 x      0.90
>Equals 90% of appraised value   $72,000
Subtract balance due on your first mortgage - $30,000
Equals approximate amount available from Home Equity Loan/Credit Line   $42,000

*Closing costs vary by state and locality; CEFCU pays closing costs up to $350 in most cases. In some situations, such as if the property is for sale or used for a bridge loan, you may be required to pay closing costs. Property insurance is required and not included in closing costs. Potential line of credit must be a minimum of $5,000, and can be as high as 90 percent of the appraised value of your home (primary residence). Minimum monthly payment amount for credit line balance is $100. Other rates and terms available. Contact CEFCU for details, including more specific information about third-party fees.