Home Equity

Surprises belong at birthday parties, not in the fine print for your loan.

Choose a no-surprises Home Equity Loan or Line of Credit from CEFCU. Most borrowers won’t even have to pay closing costs.*

Access your credit line in person, at ATMs, by phone, online or through Home Equity Checks.


How much can I borrow?

Available Home Value Example


Appraised Home Value    $100,000
Multiply by .90    0.90
Available Equity    $90,000
Balance due on first mortgage   -$70,000
Approximate amount available as a Home Equity Loan/Line    $20,000


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*CEFCU’s closing cost assistance offer is available for a limited time for qualified CEFCU members in good standing who are opening a Home Equity Credit Line or Fixed-Rate Home Equity Loan using their owner-occupied home as collateral. To qualify, the home being used as collateral may not be for sale; Bridge Loans and Lot Loans are not eligible for closing cost assistance. Property insurance is required and not included in closing costs. Closing cost assistance excludes Transfer Taxes or Mortgage/Intangible Taxes (applicable in certain states but not applicable to Illinois or California properties). Contact CEFCU for details, including more specific information about third-party fees.

**Draw against your Line of Credit for eight years and take 15 years to repay.

†Consult a tax advisor regarding the deductibility of interest.

NMLS#: 407798