Home Equity Lines of Credit

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Home Equity Loans

Use funds for tuition, home improvements, wedding expenses or other important purposes. Interest may be tax-deductible!*

Home equity lines of credit are easy and economical, and allow you to put the money you’ve invested in your home to work for you for tuition, home improvements, wedding expenses or other important purposes. A home equity loan offers you low interest rates,** flexible terms, and loan amounts up to $200,000.

  • Rates—as low as 4% APR.*
  • No closing costs on owner-occupied properties for loans up to $100,000 when you have a Preferred or Better Than Free checking account.
  • Available for owner-occupied and non-owner occupied properties.
  • Flexible payment options include a 10-year interest-only line of credit—keeps your payments low and you always have the option to pay more—or choose a 5-year line of credit with a 2% of balance payment. 
  • Interest may be tax-deductible.**

With a home equity line of credit, you have the flexibility to use only what you need, when you need it. Our competitive rates, low fees and top-notch service make Westerra an excellent choice for your second mortgage!

Apply for a credit union home equity line of credit.

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.

*Annual Percentage Rate. Variable rates are based on individual credit history and are subject to change without notice. Limited time offer. Rates adjusted on the first day of the month following a change in Prime Rate, as published in the Wall Street Journal. As of July 1, 2017, the variable rate for a line of credit is as low as 4.0% APR. The rate will not exceed 18% APR. The floor rate is 4% APR. Rate valid for owner-occupied properties. 2.00% will be added to the Prime Rate for non-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. A balloon payment may result. Property insurance and security interest in property required. Other loan closing costs may range from $175-$275. Federally insured by the National Credit Union Administration. Equal Opportunity Lender. To determine your payment amount, visit www.westerracu.com. **Interest may be tax-deductible, consult your tax advisor. Click here for full disclosures.