Get the Funds You Need with Predictable Payments
When life calls for a substantial financial investment, America’s Credit Union (ACU) Home Equity Loans provide a reliable, predictable solution. With fixed rates and payments, you can achieve your goals with confidence and financial stability.
What is a Home Equity Loan?
A Home Equity Loan allows you to borrow a lump sum of money against the equity in your home. This type of loan is ideal if you know exactly how much money you need and prefer the consistency of fixed rates and payments over the term of the loan, which can range from 5 to 15 years. The loan is disbursed in one lump sum at closing, giving you immediate access to the funds you need.
ACU Home Equity Loan Benefits
Unlock the potential of your home’s equity with an ACU Home Equity Loan. This powerful financial tool offers numerous advantages to help you achieve your financial goals. Here are the top benefits of choosing an ACU Home Equity Loan:
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Fixed Rates & Payments
With an ACU Home Equity Loan, enjoy the peace of mind that comes with fixed rates and predictable payments. No surprises, just steady progress towards your financial goals.
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High Borrowing Limits
Access up to 90% of your home’s value, allowing you to tackle significant expenses, whether it’s home renovations, education costs, or debt consolidation. For owner-occupied properties, our generous borrowing limits give you the financial flexibility you need.
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Simple, One Time Disbursement
Receive your funds in a lump sum at closing, perfect for when you need all your funds upfront. This straightforward disbursement makes it easy to manage large expenses and start your projects without delay.
See Our Low Home Equity Loan Rates
With our low Home Equity Loan rates, more money stays in your pocket so you can use it for that major home project or a dream family vacation.
Owner-Occupied Home Equity Loan
Non-Owner Occupied Home Equity Loan
Click the button below to view our full list of ACU Mortgage and Home Loan rates.
Why Choose ACU?
America’s Credit Union is committed to providing you with financial solutions that support your long-term success. Our Home Equity Loans offer the security of fixed rates, the flexibility of high borrowing limits, and the simplicity of a single disbursement. Join the many satisfied members who have turned their home equity into a powerful financial tool with ACU.
Ready to get started? Contact us today to learn more about our Home Equity Loans and how they can help you achieve your financial goals.
Applying for a Home Equity Loan is Quick and Easy!
| Step 1 | Apply OnlineOur online application is quick and easy. Simply fill in your information and complete the submission process. |
| Step 2 | Get Pre-ApprovedWe’ll verify your details and let you know how much you qualify for a Home Equity Loan. |
| Step 3 | Unlock Your EquityAccess your approved funds and start using them for your financial needs! |
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“ACU has been my Bank for over five years because they are always helpful and very good at making my problems work out well. Their staff is always very good at taking care of my needs.”
-Mitchel B.
Common Questions About ACU Home Equity Loans
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What is home equity?
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Home equity refers to the portion of your home’s value that you own outright, minus any outstanding mortgage or liens on the property.
For example, if your home is appraised at $300,000, and you owe $200,000 on your mortgage, your home equity would be $100,000. The equity of your home can fluctuate over time based on the payments made and the property value over time.
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How is a Home Equity Loan different from a HELOC?
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While both use the equity in your home, a HELOC is a revolving line of credit with variable interest rates, while a Home Equity Loan provides a lump sum with fixed interest rates. With a HELOC, you can borrow and repay funds as needed, whereas a Home Equity Loan provides a one-time payout.
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What is a Home Equity Loan and how does it work?
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A Home Equity Loan allows you to borrow a lump sum of money using the equity in your home as collateral. You receive the funds in one lump sum at closing and repay the loan over a fixed term, typically between 5 to 15 years, with fixed interest rates and monthly payments. This loan is ideal if you need a specific amount of money and want predictable payments.
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How much can I borrow with an ACU Home Equity Loan?
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You can borrow up to 90% of your home’s value, provided it is owner-occupied. The exact amount you can borrow will depend on your home’s current market value, any existing mortgages, and your creditworthiness.
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What will my interest rate be?
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Your interest rate for a Home Equity Loan depends on several factors, including your credit score, the current market conditions, the terms of your loan, and the loan to value ratio. While some lenders may offer demanding terms, ACU is committed to providing you with fair and reasonable rates.
Click here to view our current rates and loan terms.
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What fees are associated with an ACU Home Equity Loan?
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There are a few potential fees associated with an ACU Home Equity Loan:
- Appraisal Fee: If you request an appraisal, you will need to cover the cost, which typically ranges from $775 to $1,000.
- Processing Fee: A $500 processing fee may apply if your loan has a combined Loan to Value (LTV) greater than 80%.
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What are the benefits of choosing an ACU Home Equity Loan over other types of loans?
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ACU Home Equity Loans offer several distinct benefits:
- Fixed Rates and Payments: Enjoy predictable monthly payments and interest rates, making it easier to budget.
- High Borrowing Limits: Access up to 90% of your home’s value, providing substantial funds for large expenses.
- One-Time Disbursement: Receive your funds in a lump sum at closing, ideal for significant one-time expenses like home renovations or debt consolidation.
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How do I apply for an ACU Home Equity Loan and what is the approval process?
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To apply for an ACU Home Equity Loan, you will need to complete an application form, which can be done online, over the phone, or in person at one of our branches. The approval process involves assessing your home’s value, your credit score, and your overall financial situation. Once approved, you will receive your funds in a lump sum at closing, and you can begin making fixed monthly payments according to the terms of your loan.
- Apply online
- Contact us
- Visit one of our branch locations so we can assist you in person
We’re here to make your application process smooth and hassle-free. Choose the method that works best for you, and we’ll be ready to assist you every step of the way!
More Ways ACU Can Help With Your Financing
America’s Credit Union offers our members a great range of products and services. Find out more about some of our other lending options:
Personal Loan
Borrow to pay for whatever you want, whether it’s to cover the cost of an unforeseen expense, a big event, or to turn a dream into reality.
Auto Loans
Our Auto Loans offer competitive rates and flexible terms, making it easy for you to hit the road in your dream car.
Home Equity Lines of Credit (HELOCs)
An ACU Home Equity Line of Credit (HELOC) is both fast and serviced locally, offering a remarkably low interest rate with a Loan-to-Value ratio of up to 90%.
**Annual Percentage Rates, terms, and conditions offered are subject to change without notice. Limited to one to four family units. Property must be in the state of Washington, Oregon, or Idaho. Property insurance is required. Values based on automated value appraisal. ACU will pay the closing costs on new Equity Loan applications (Fixed-Rate Equity Loans and Home Equity Lines of Credit), including, but not limited to, flood determination fees, title searches, credit reports, property condition reports, and recording fees. Should the loan be paid off and closed within 36 months from the anniversary date of the loan closing, the member is responsible for reimbursing the full amount of the ACU paid closing costs for the loan. APR = Annual Percentage Rate. Subject to credit and DTI approval. All offers, rates, terms, and conditions are subject to change at any time and without notice. Consult your tax advisor.