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Use funds for tuition, home improvements, wedding expenses or other important purposes—Westerra has an option to meet your needs! Put the money you’ve invested in your home to work for you. We're happy to help you evaluate which option works best to get the funds for what's important in your life!
Fixed rate second mortgage loans with terms up to 15 years are also available for loan amounts up to $200,000. Apply for a fixed rate second mortgage loan.
Find the Value of Your Home
View current credit union home equity loan rates.
*APR=Annual Percentage Rate. The variable rate will adjust on the first day of the month following a rate change and shall be the Prime Rate as published in the “Money Rates” section of the Wall Street Journal plus a margin based on your creditworthiness and combined loan to value at the time of application. Variable rate may change after account opening. The rate will not exceed 18% APR. The floor rate is 3.50% APR. APR for fixed-rate advances of $5,000 or more will be set at the time you agree to a fixed rate advance and is based on the term and the original application. This fixed rate will be in effect for the whole term of the applicable fixed-rate subaccount, which cannot exceed the term of the loan. Minimum monthly payment is $50. As of February 1, 2021, APR as low as 3.74% based on creditworthiness. Property insurance and security interest in property required. No closing costs on owner-occupied properties for loan amounts of $150,000 or less. If an appraisal is needed, a fee will be assessed. Other loan closing costs may range from $175-$275. Federally insured by the National Credit Union Administration. Equal Housing Lender.
**APR=Annual Percentage Rate. Variable rates are based on individual credit history and are subject to change without notice. Rates adjusted on the first day of the month following a change in Prime Rate, as published in the Wall Street Journal. The rate will not exceed 18% APR. The floor rate is 4% APR. Interest may be tax-deductible, consult your tax advisor. Rate valid for owner-occupied properties. Advertised rate is for Loan to Value (LTV) of 80% or less. Minimum loan amount is $5,000. Minimum monthly payment is $50. As of April 1, 2020, APR as low as 4.00% based on creditworthiness. Property insurance and security interest in property required. No closing costs on owner-occupied properties for loan amounts of $100,000 or less. If an appraisal is needed, a fee will be assessed. Other loan closing costs may range from $175-$275. Federally insured by the National Credit Union Administration. Equal Housing Lender. To determine your payment amount, click here to use the payment calculator. Click here for full disclosures.