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, when it comes to the equity in your home. With a Capital Credit Union home equity loan or home equity line of credit (HELOC), you can buy something big, go somewhere special, or make someone you love really happy. The only limits? Those put there by your imagination.
 
Rates

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 for home improvement, launching a business or taking a trip outside North Dakota all the way 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 online application.

Compare our Home Equity Loan and Home Equity Line of Credit options below.
 

Home Equity Loan

  • Fixed rate as low as 2.99% APR1
  • 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

Home Equity Line of Credit (HELOC)

  • Variable rate as low as 3.75% APR2
  • 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
  • Interest may be tax-deductible; check with your tax advisor
  • View Home Equity Line of Credit Disclosures

Apply for a Home Equity Loan or Line of Credit below or by visiting one of our conveniently located branches
in Bismarck, Mandan, Fargo, Beulah, Hazen or New Salem, ND.


Application Form

Disclosures:

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.

1Annual Percentage Rate (APR) is current as of March 1, 2021, and subject to change and credit approval. The rate displayed is a fixed rate and based on top tier credit approval and 90% loan-to-value, less first mortgage balance. Cannot be combined with other discounts. Closing costs will vary up to $1,400. Minimum loan amount must be greater than $5,000. The rates may vary depending on each individual's credit history and underwriting factors. Programs, rates, terms and conditions are subject to change without notice. Other restrictions may apply.

2APR could range from 3.75% to 18% and is current as of March 1, 2021. The rate displayed is a variable rate and based on top tier credit approval and 90% loan-to-value, less first mortgage balance. Fixed and variable rates available on home equity lines of credit. Cannot be combined with other discounts. Closing costs will vary up to $1,400. Minimum loan amount must be greater than $5,000. The rates may vary depending on each individual's credit history and underwriting factors. Programs, rates, terms and conditions are subject to change without notice. Other restrictions may apply.