Home Equity Loans

HCU now offers 3 Home Equity products to help fit our member’s financial needs.

Instant Equity Loan: Line of credit loan that is fixed for the first 5 years then adjusts semi-annually (January and July) thereafter.

  • Line of Credit
  • 1st or 2nd Mortgage
  • up to 90% loan to value
  • Rate lock for first 5 years
  • After the 5th year, the rate will adjust semi-annually
  • 20 year amortization
  • No annual fee
  • No closing costs*

Current Rates | Apply Online


Prime Line Equity Loan: Line of credit loan that can adjust monthly according to Prime.

  • Line of Credit
  • 1st or 2nd Mortgage
  • up to 90% loan to value
  • Adjustable rate at Prime
  • Adjusts last day of each month (if Prime changes)
  • 20 year amortization - 10 year draw period
  • No annual fee
  • No closing costs*

Current Rates | Apply Online


Closed End Home Equity Loan: Fixed loan amount with a fixed term (60, 84 or 120 months). Rate is based on term, LTV and credit criteria.

  • Fixed amount borrowed
  • 1st or 2nd Mortgage
  • up to 90% loan to value
  • Term of 60/84/120 months
  • No annual fee
  • No closing costs*

Current Rates | Apply Online

*Minimum loan amount to avoid closing costs is $10,000. A fee recovery of total closing costs applies to the Prime Line Equity Loan if closed within the first 3 years.

**In some circumstances, a full appraisal may be required.  In those cases, the borrower will pay the full appraisal fee.