Home Equity Loans

Whatever you want to do with your life (and loan) is fine by us.

Speed limits, tax codes, fishing regulations. Everywhere you go, someone wants to tell you what to do. Not us. With a Capital Credit Union home equity loan, you can buy something big, go somewhere special, or make someone you love really happy. The only limits? Those put there by your imagination.

There's a reason about one out of every four U.S. homeowners has a home equity loan. They come with low interest rates, convenient repayment terms and no strings attached. You can use them to modernize a kitchen, launch a business or take a trip to the tropics. All you need is a house that's worth more than your mortgage balance and a few minutes to fill out our application.

Home Equity Loan

  • One-time loan for a specific amount of money
  • Fixed interest rates mean no repayment surprises
  • Repayment terms available up to 15 years
  • You may be able to borrow up to 90% of the equity in your home
  • Get up to $175 off closing costs on a Home Equity Loan2
  • Proof of Insurance is required. Questions? Please call 877-702-6268.

Home Equity Line of Credit

  • Rates as low as 3.75% APR1
  • Fixed or variable interest rates available
  • Repayment terms available up to 15 years
  • Apply once and receive a pre-approved credit limit
  • Use your funds over and over again for up to five years
  • Borrow what you need when you need it
  • Access money with CU Online, our mobile app, or by stopping at any Capital Credit Union location
  • Get up to $175 off closing costs on a Home Equity Line of Credit2
  • Interest may be tax-deductible; check with your tax advisor
  • View Home Equity Line of Credit Disclosures

Application Form


When you borrow from Capital Credit Union, you pay interest on the unpaid loan balance. There are no penalties for paying off your loan early. Payment by payroll deduction is also available. Credit Life and Credit Disability Insurance are both offered at a low rate. Interest rates are very competitive with other financial institutions. Several options are also available that offer automatic repayments.

Home Equity Line of Credit (HELOC) loans can be completed from application to funding in 10 business days or more. If an appraisal needs to be ordered it can increase the process time.

1As of 4/1/2020, floor rate is 3.75% Annual Percentage Rate and applies to 90% LTV. APR may vary. HELOC must be a minimum of $5,000. Property insurance is required. Offer and rates subject to change without notice. Other restrictions may apply. All loan rates and terms are subject to credit approval. Based on credit qualifications. Loan fees and closing costs vary up to $1,200.

2Applies to home equity loans/lines with $20,000 or more of new money borrowed. Maximum closing costs paid by Capital Credit Union: $175. Does not apply to refinancing of existing Capital Credit Union home equity loans/lines or to interest-only home equity loans or to home equity loans with a designated closing cost amount. Capital Credit Union does not cover the cost of an appraisal (if needed) or Minnesota mortgage registry tax fees. Capital Credit Union reserves the right to end this promotion without notice.