Your home working with you
Did you know that using the equity in your home can help make your plans a reality?
We offer affordable home equity loans for homeowners in Oregon, with rates that are lower than many other forms of credit. OCCU Home Equity Loans offer great rates, five- to 20-year terms and loans up to 95 percent of your home’s value. See how you can get the funding you need.
Rates as low as
- Maximum loan amount of $250,000.
- One-time payment direct to you.
- Fixed-rate loan keeps monthly payments the same for the lifetime of the loan.
Consolidate your debt
Make home improvements
Invest in education
Plan the perfect wedding
Restore a classic car
Pay large medical bills
Home Equity Loans at a glance
How does it work?
A home equity loan provides a one-time payment directly to you. You can use these funds for anything you desire. The payments on your home equity loan will be the same for the lifetime of the loan.
What’s my rate?
The interest rate is determined based on your application, amount of home equity available and your credit. A home equity loan is a fixed-rate loan so the rate will stay the same for the lifetime of the loan.
How long is the term?
You can select the term for your home equity loan that works best for you, from five to 20 years
How do I pay it back?
As a fixed-rate loan, you have set monthly payments for the duration of the loan. You can make extra payments without a penalty anytime throughout the loan lifetime to help reduce the loan balance. The additional principal payments will not change the scheduled monthly payment.
*Rate current as of 01/30/2023. Current APRs range from 6.45% to 8.76%. Rate is based on credit profile, actual APR may be higher. Fees vary depending on circumstances. Example of home equity loan payment: $50,000 loan with a 60-month term at an APR of 6.45% results in a monthly payment of $977.14. Payment example is for example purposes only. Actual monthly payments may vary.