Home Equity Loans
Put your home to work and save with a great rate.
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..
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Use a home equity loan for anything:
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.
| What are the differences between our loan options? | 
Home Equity Line of Credit |
Closed-End Home Equity Loan |
|---|---|---|
| Rates as low as | 4.25% APR♦ | 4.25% APR⋄ |
| Uses your home as collateral | ||
| Borrow up to 100% of your home's value ♦ ⋄ | ||
| No annual fee | ||
| Access your money in online banking | ||
| Receive your money as a lump sum | ||
| Continuously receive funds as needed up to your limit | ||
| Can be used again and again | ||
| No penalty for early payoff | ||
| Can replace your current mortgage | ||
| View More Details | View More Details |
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.
Rates, Terms & Payment Examples
Calculate Your Estimated Minimum Monthly HELOC Payment
Your monthly payment is determined by the funds you access/balance you carry. Use the slider to estimate a minimum monthly payment based on your balance.
| $ Your Equity
Your Equity |
5 Year Fixed Rate(60 Month) | 10 Year Fixed Rate(120 Month) |
|---|---|---|
| APR as low as♦ | 4.50% | 5.00% |
| Loyalty APR as low as♦ | 4.25% | 4.75% |
| Payment Example$50 or 1% of your balance, whichever is greater | $### | $### |
| Total term | 25 years (300 months) | 25 years (300 months) |
Estimate Your Monthly Payment for a Closed-End Home Equity Loan
Use the slider below to select how much you'd like to borrow and compare estimated payments for the different terms we offer for closed-end home equity loans.
| $ Your Equity
Loan Principal |
5 Years (60 Months) | 10 Years (120 Months) | 15 Years (180 Months) | 20 Years (240 Months) |
|---|---|---|---|---|
| APR as low as⋄ | 4.50% | 5.00% | 5.50% | 6.00% |
| Loyalty APR as low as⋄ | 4.25% | 4.75% | 5.25% | 5.75% |
| Payment exampleBased on the loan amount selected above | $### | $### | $### | $### |
| Fixed rate for life of loan |
Payment examples use Loyalty APR
Frequently Asked Questions
"I have always thought Veridian has been above and beyond helpful in knowing how to serve their customers."D.K.October 2021
"I couldn’t be happier! I was even able to sign my papers on a weekend."D.R.October 2021
"All my questions and concerns were handled with care, and I felt very confident with the advice and service I received while obtaining this line of credit."S.G.November 2021
"I have been a member for a long time and have had great service though the years."K.M.September 2021
♦ APR = Annual Percentage Rate. Includes Loyalty Program discount of 0.25% APR when enrolled in eDocs and while maintaining direct deposit of net income to Veridian or, if unavailable, a minimum of 10 qualifying checking account transactions per month. Borrowers will lose discount if they fail to meet Loyalty Program qualifications during loan term. Rate fixed for first 60 or 120 months of the 25-year term; after that, the rate is variable and the maximum APR is 21%. Add up to 2.5% to interest rate for home equity lines of credit with loan-to-value ratios over 80% (maximum of 100%). Rates, terms and conditions subject to change and may vary based on qualifications including creditworthiness, loan-to-value ratio and collateral conditions. Home equity loans only available in Iowa and Nebraska and do not include escrow. All loans subject to membership and approval. Appraisal fees may apply. See Veridian for details.
⋄ APR = Annual Percentage Rate. Includes Loyalty Program discount of 0.25% APR when enrolled in eDocs and while maintaining direct deposit of net income to Veridian or, if unavailable, a minimum of 10 qualifying checking account transactions per month. Borrowers will lose discount if they fail to meet Loyalty Program qualifications during loan term. Add up to 2.5% to interest rate for home equity loans with loan-to-value ratios over 80% (maximum 100%). Rates, terms and conditions subject to change and may vary based on qualifications, including creditworthiness, loan-to-value ratio and collateral conditions. Home equity loans only available in Iowa and Nebraska and do not include escrow. All loans subject to membership and approval. Appraisal fees may apply. See Veridian for details.