Home Equity Loans
Unlock your home’s equity!
Fund major expenses like home improvements, debt consolidation, or educational costs with competitive rates from AlliedFCU.
What is a Home Equity Loan?
A home equity loan lets you borrow against the equity you’ve built in your home. Equity is the difference between your home’s current value and what you owe on your mortgage. For example, if your home is worth $300,000 and you owe $200,000, you have $100,000 in equity.
These loans provide a lump sum with fixed rates and predictable payments, typically offering lower interest rates than credit cards because your home serves as collateral.
The AlliedFCU Home Equity Loan:
- Fixed interest rate and monthly payments
- Receive funds in one lump sum
- Ideal for major one-time expenses
Common uses:
- Home renovations and improvements
- College tuition and educational expenses
- Debt consolidation at lower rates
- Major purchases or emergency expenses
Allied Federal Credit Union NMLS#451160
*Check with your tax advisor for answers to your questions on the tax deductibility of interest paid on Home Equity loans.Programs, rates, terms, and conditions are subject to change without notice. Normal lending criteria apply. All loans subject to credit approval .
Loan features and benefits:
- Loan amounts starting at $10,000
- Flexible terms from 5 to 15 years
- Borrow up to 80% of your home’s value (minus outstanding liens)
- Competitive interest rates with no prepayment penalties
- Local decision-making and personalized service
