Home Equity Loans
Borrow for any purpose.
|Compare||Equity LinePLUS^||Fixed-Rate Equity Loans^|
|Line of credit you use over and over
Can also have up to two fixed-rate advances
|A single loan advance
Repay in equal installments
|Annual Percentage Rates as low as:||4.50%*
|Ratings and Reviews|
|Rate type||Rate can change monthly and is tied to the Prime Rate||Rate is fixed for as long as you have your loan|
|Maximum term||20-year draw period with 20-year repayment||20 years|
|Maximum loan||Up to 80% of home value minus first mortgage||Up to 90% of home value minus first mortgage in MA and NH***|
|Minimum line or loan amount||$15,000||$15,000|
|Points or closing costs||None****||None****|
|Online and mobile access||✔||✔|
|DCU ATM Access||✔||✔|
|Learn More||Learn More|
* Your APR (Annual Percentage Rate) will be based on your personal credit history and loan-to-value. Rates are variable, tied to the Prime Rate, and can change monthly. Rates shown are as of . Our Best Rates are for members with the best credit. Other rates may apply.
** Rates determined by your personal credit history and loan-to-value.
*** Up to 80% in other states. Other restrictions may apply.
**** Excludes mortgage recording taxes in states where they are charged
^ Interest is tax-deductible for most people. Please consult your tax advisor regarding interest deductibility.
Investment Property Home Equity Loans are limited to one loan per member, a $50,000 maximum loan amount and an 1% increase in rate.
Learn why home equity loans are a good option to finance the major purchases of your life.