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.

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 rates as low as 5.49% APR2
  • Fixed interest rates mean no repayment surprises
  • Repayment terms available up to 15 years
  • One-time loan for a specific amount of money
  • 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 Loan1

Home Equity Line of Credit (HELOC)

  • 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 Credit1
  • Interest may be tax-deductible; check with your tax advisor
  • View Home Equity Line of Credit 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. 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.

1Applies 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.

2Annual Percentage Rate (APR) is current as of Oct. 11, 2022, and subject to change and credit approval. The rate displayed is a 5-year fixed rate and based on top tier credit approval and 80% loan-to-value, less first mortgage balance. Cannot be combined with other discounts. Closing costs may range from $250 - $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.

NMLS #423050