Home Equity Loans
Put your home to work and save with a great rate.
Any Home Equity Loan
If you’re planning to upgrade your home soon, start your projects for less. Get no closing costs⋈ on any home equity loan. Start your projects with fewer upfront costs.
Learn More!A home equity loan allows you to borrow against your equity, or the portion of your home that you own. These loans, also called second mortgages, have favorable rates and low closing costs that make them ideal for borrowing large amounts. You can estimate your current equity by taking the appraised value of your home and subtracting the balance of any mortgage or liens against your property.
Update existing rooms like your kitchen and master bath or add space for an office, gym or play area. Put on a new roof, put in a pool and more with this flexible funding.
If you have balances on credit cards, personal loans, or other debt at a higher interest rate, you could pay less by consolidating that debt into a home equity loan.
If you or a loved one are paying for school, you may be able to get a better rate and save money with a home equity loan rather than student loans.
The great rate on a home equity loan saves you money no matter what you need it for – whether that's medical bills, adoption costs, new furniture, vacations or unexpected expenses.
Have questions or want help applying?
 Home Equity Line of Credit |
 Closed-End Home Equity Loan |
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|---|---|---|
| What are the differences between our loans? | Get a Line of Credit | Get a Closed-End Loan |
| View More Details | View More Details | |
| Rates | ||
| Rates as low as | [ Show Rate ] | [ Show Rate ] |
| Benefits | ||
| Uses your home as collateral | ||
| Borrow up to 100% of your home's value ⋄♦ | ||
| Access your money in online banking | ||
| Continuously receive funds as needed up to your limit | ||
| Can be used again and again | ||
| Can replace your current mortgage | ||
| Fees | ||
| No Annual Fee† | ||
| Receive your money as a lump sum | ||
| No penalty for early payoff | ||
Variable rate or fixed rate
If you want stability and predictability, go for a fixed-rate HELOC. Your rate won’t change for the first 5 to 10 years of your 25-year term.
With a variable-rate HELOC, your rate will change when the Federal Reserve adjusts the Prime Rate. If rates are expected to go down, a variable rate may be preferred.
Not enough equity?If you don't have equity to borrow against or need to borrow more than your home is worth, check out our Home Improvement Loans.
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⋈Standard closing costs include items such as recording fees and standard title-related fees. Appraisal fees are not included and are the responsibility of the borrower. Offer valid on applications received from May 1, 2026 to June 30, 2026 and may not be used in conjunction with first-mortgage loans or bridge loans. Availability and terms may vary by state. Refinances must include at least 25% new money to the balance. Offer subject to change or end at any time without notice. Iowa and Nebraska: Veridian Credit Union will cover standard closing costs up to $300. No minimum loan amount required. Minnesota: Veridian Credit Union will cover standard closing costs up to $800, which includes up to $500 for Minnesota Mortgage Registration Tax (MRT). Minimum loan amount of $20,000 required.