Home Equity Loans


Use the equity in your home to make repairs and improvements affordable, or for other larger expenses you may have like paying off car loans, financing education, debt consolidation, dream vacations - just about anything!  

Home Equity Loan (2nd Mortgage)

On Tap Credit Union’s home equity loan program features:

  • No Points!
  • No Appraisal Fee!*
  • Fixed rate, fixed payment
  • Fast approval
  • 100% Loan to Value (LTV) up to $50,000; call for credit criteria

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Home Equity Line of Credit (HELOC)

Our variable-rate HELOC is a revolving line of credit that you can access anytime for 15 years with no need to reapply when you need additional funds.

  • No Appraisal Fee!*
  • Competitive rates as low as 3.75% APR**
  • Up to 95% Loan to Value (LTV) and up to $50,000 with approved credit
  • 15-year draw period / Up to a 15-year repayment period***

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*Maximum loan amount is $250,000. Maximum appraisal fee waived is $450, on approved applications only. Subject to credit approval.

**APR = Annual Percentage Rate. Published HELOC rates based on approved credit and loan-to-value and adjust quarterly based on the Prime Rate as published in the Wall Street Journal 15 days prior to the beginning of each quarter. HELOC loans have a floor rate as low as 3.75% APR and a ceiling rate of 21.00% APR.

***Minimum $500 check/EFT advances are required.  Your minimum monthly payment will be established at the time of each advance or change in interest rate, rounded up to the nearest dollar, subject to the lesser of $50.00 or your account balance. After draw period ends, there will be a term automatically set for up to 15 years depending on balance. Rate is still adjustable during the repayment period.  (Please see a On Tap Credit Union representative for more details.)