Home Equity Loans

Home Equity Loans & Lines of Credit

Unlock the power of your home’s equity with two flexible and affordable borrowing options from LOYALTY Credit Union. Whether you need funds for home improvements, education, or life’s big moments, our Home Equity Loan and Home Equity Line of Credit (HELOC) provide smart financial solutions to help you achieve your goals.

Home Equity Line of Credit (HELOC) – Flexible & Fixed

Unlike traditional HELOCs, ours comes with the security of a FIXED interest rate – giving you the best of both worlds: flexibility and predictability.
✔️ FIXED rate for the life of the loan – No surprises, just steady, reliable payments.
✔️ Access funds as needed – Borrow what you need, when you need it.
✔️ We cover up to $2,500 in closing costs (for a primary residence) – Helping you save even more!

• 7.00% Fixed APR* – 1st place lien up to $300,000
• 7.25% Fixed APR* – 2nd place lien up to $300,000
• Second-lien limit reduced to $100,000 for credit scores under 650
• Five-year draw period
• Up to 80% loan-to-value
• Up to $2,500 in third-party closing costs paid directly by LOYALTY Credit Union**
• 15-year repayment term

*APR = Annual Percentage Rate. This is a fixed-rate line of credit.
**Borrowers with qualifying credit scores may have third-party closing costs paid by LOYALTY Credit Union, up to $2,500. Otherwise, borrower-paid closing costs may vary, up to $4,500.

Home Equity Loan – Stability & Predictability

For those who prefer a structured repayment plan, our Home Equity Loan offers:
✔️ Fixed interest rate – Your rate never changes, giving you peace of mind.
✔️ Fixed monthly payments – Budget with confidence knowing your payment amount stays the same.
✔️ Lump sum payout – Receive the full loan amount upfront for major expenses like home renovations or debt consolidation.

Both options offer an affordable way to tap into your home’s value while keeping your financial future secure. Not sure which is right for you? Contact us today to explore your options and find the best fit for your needs.

Visit us, or call (850) 474-0970 (option 8).

LOYALTY Credit Union NMLS #729868

We Make Home-Refinancing Dreams a Reality

To get more information about our home equity loan programs, including current rates, call (850) 474-0970 (option 8) or complete the form below.

Credit is subject to approval. Membership required, i.e., the purchase of one share at $5 par value. The minimum line of credit amount is $5,000.  For applicants with a credit score of 650 and above, the maximum line of credit is $300,000 for a 1st and 2nd place lien.  For applicants with a credit score below 650, standard underwriting criteria applies, and offer is limited to 2nd place lien with a maximum limit of $100,000.  The minimum amount required for the first advance is equal to the amount of closing costs paid by the borrower, as indicated on the first statement. There is no minimum advance amount thereafter. Flood and/or property hazard insurance may be required. Offer available for new HELOC members or existing HELOC members with a minimum $10,000 increase in the existing HELOC. Other restrictions may apply. Programs, rates, terms, and conditions are subject to change without notice. Please consult your tax advisor regarding the deductibility of interest and charges.

View Additional Home Equity Disclosures Here.

Loyalty Credit Union NMLS #729868