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.
 
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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.

Additional Features

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

Home Equity Line of Credit

  • Rates as low as 5.24% APR1 for a fixed-rate loan with 10-year term
  • 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
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. Other restrictions may apply.

1Annual Percentage Rate (APR) is current as of Feb. 1, 2019, and subject to change based on market conditions and borrower eligibility. Subject to 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. Actual rates may vary between 5.24%-13.10% based on credit qualifications. At 5.24%: 120 monthly payments of $10.73 per $1,000 borrowed. At 13.10%: 120 monthly payments of $15.00 per $1,000 borrowed. This payment does not include amounts for taxes and insurance, actual payment obligation will be greater. Closing costs may apply. Offer does not apply to existing Capital Credit Union credit lines. May not be combined with other offers.

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.