Home Equity Loans


DREAM of Making Your Home Work for You

Ah, the pride of homeownership. You feel it the first time you mow your lawn. Or when you replace the hot water heater, or fix the roof. Good times. Homeownership also comes with the advantage of using the equity in your home to make repairs and improvements affordable, or you can use the equity for other bigger expenses you may have. There might even be some great tax-deductions* along the way.

Plus, pay no appraisal fee if you apply by August 31, 2017.** Apply today to take advantage of this great offer!

Home Equity Loan (2nd Mortgage)

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

  • Fixed rate, fixed payment
  • Fast approval
  • 100% Loan to Value (LTV) up to $50,000; call for credit criteria

Download the Subordination Checklist

Apply Now

To request a loan payoff, please send an email to loans@coorscu.org


Home Equity Line of Credit (HELOC)

HELOCs can be used for much more than just home improvement. They’re great for paying off car loans, financing education, debt consolidation, dream vacations — just about anything!

Our variable-rate HELOC is a revolving line of credit, which allows you to use the equity in your home. Once established, you can access your HELOC anytime you’d like for 15 years with no need to reapply when you need additional funds.

  • 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****

Download the Subordination Checklist

Apply Now

To request a loan payoff, please send an email to loans@ontapcu.org

*Consult a tax advisor regarding the deductibility of interest.

**Minimum loan amount of $15,000. 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.)