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Unlock the Power of Your Home’s Equity!

A Fixed Rate Home Equity Loan is a great way to use your home's equity to fund life's expenses. Whether your goal is to consolidate debt, make a large purchase, home renovations, or just have a safety net, using your home’s equity is an affordable way to fund any project.

Benefits/Features

equity

Utilize Your Equity

Put your home's equity to work for renovations, big purchases or emergencies. 

debt consolidation

Consolidate Debt

Tackle high-interest debt with one lower-rate monthly payment.

payment

Predictable Payments

Fixed monthly payments make it easy to stay on budget.

rates

Competitive Rates

Pay less in interest compared to credit cards or personal loans.

lump sum

Lump Sum Payout

Receive your full approved amount up front - ideal for large expenses!

Equity uses travel

Versatile Funding

Use it for more than just home upgrades - college, medical bills, travel and more.

tax deductions

Potential Tax Benefits

You may be able to deduct interest - check with your tax advisor.

home loan specialist

Meet a Specialist

Book time with a Home Loan Specialist to explore your best-fit options.

 

 

Highlighted Home Equity Rates

View All Rates Apply for a Loan Make a Payment

Calculate Your Estimated Borrowing Capacity Using A Home Equity Line of Credit (HELOC)

Depending upon the market value of your home, outstanding mortgage balance, credit history and other factors, you may qualify for a HELOC. Monthly payments on a HELOC are variable as they fluctuate with interest rate changes. Use this calculator to estimate your borrowing capacity on a HELOC. (Subject to underwriting guidelines, including limits on maximum loan to value.)

Your Mortgage

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Home Equity Loans
Home Equity Loan ProgramLoan AmountLoan-to-ValueRateAPR1
5-Year Fixed $15,000 - $250,000 Up to 90% 7.625% 7.661%
10-Year Fixed $15,000 - $250,000 Up to 90% 7.750% 7.769%
15-Year Fixed $15,000 - $250,000 Up to 90% 7.875% 7.889%
20-Year Fixed $15,000 - $250,000 Up to 90% 8.000% 8.011%

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Our Fixed Rate Equity Loan offers  flexible terms of 5, 10, 15  and 20 years. You pick the term that best meets your needs!

¹ APR = Annual Percentage Rate. A rate that reflects the actual annual cost of a loan and includes the loan interest rate, private mortgage insurance, points and some fees. APRs are based upon the following:

  • Home Equity Loan: Loan amount of $100,000 + closing costs
  • All rates shown are based upon a 45-day rate lock*
  • All rates shown are based upon ≤80% loan to value ratio
  • Rates show are for borrowers with excellent credit and no subordinate financing.
  • Your rate may be different than what is shown due to pricing adjustments for certain scenarios.

Maximum Loan Amount: $250,000

Note that the rates and/or fees may be higher based upon credit score.

*Rate Locks are available after loan terms have been discussed with an OE Federal Loan Officer using verified credit, Loan-to-Value and borrower qualifications.

Rates are subject to change without notice. To receive a better estimate for your specific scenario and our current rates, please call or text us at 800-877-4444.

*Rates as of April 1, 2025.

Home Equity Line of Credit
Loan Amount Loan-to-ValueRange of APR 1
$15,000 - $250,000 Up to 80% 7.500% to 8.500%

Apply Now

¹ APR = Annual Percentage Rate. A rate that reflects the actual annual cost of a loan and includes the loan interest rate, private mortgage insurance, points and some fees. APRs are based upon the following:

  • Home Equity Line of Credit : Loan amount of $100,000 + closing costs
  • All rates shown are based upon a 45-day rate lock*
  • Rates show are for borrowers with excellent credit and no subordinate financing.
  • Your rate may be different than what is shown due to pricing adjustments for certain scenarios.

This amount reflects the estimated initial payment against the full loan amount of $100,000, with excellent credit. Actual monthly payments and final payoff amount will vary depending on the timing and amount of draws against the line of credit. Actual rate, of Prime + added margin, may be higher based on credit score.

Above are the details of the Rate and Payment that will apply over the term of the loan. The payments listed above do not include amounts for taxes and insurance. If the Loan is an Adjustable Rate Loan, a current reasonable Index and Margin were used to display potential future Rate and/or Payment changes. If the Loan is a Home Equity Line of Credit (HELOC) the payments shown below are calculated using a full loan amount of $100,000.

Initial Interest Rate: On a Fixed rate loan, it is the rate for the entire life of the loan. On an Adjustable Rate Loan it is the interest rate that is fixed for some specified number of months at the beginning of the loan term

Fully Indexed Rate: The current index value plus the margin on an Adjustable Rate Loan.

Max Interest Rate: The maximum rate that may occur on your Adjustable Rate Loan.

Months to First Rate Adjustment: The period of time before your interest rate will adjust on an Adjustable Rate Loan.

Interest Only Term: The period of time where the monthly mortgage payment consists of interest only. During that period, the loan balance remains unchanged.
A Margin may be added to the index to create a fully indexed rate. Excellent credit is used in examples. Index Prime + Margin of Zero.

Rates are subject to change without notice. To receive a better estimate for your specific scenario and our current rates, please call or text us at 800-877-4444.

*Rates as of April 1, 2025.

 

 

 

Home Equity Loan Questions

How much am I eligible to borrow?

 

*Consult a tax advisor regarding the deductibility of interest. OE Federal Credit Union does not provide tax advice. 
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