Home Equity Loans & Lines

Remodel a room, consolidate bills, cover college tuition or take a once-in-a-lifetime vacation. Home equity funds are an excellent way to pay.

Turn the equity in your home into cash

Two great choices
Get all your money upfront or opt for a line of credit you can access as needed.
Serious money
Borrow up to 90% of the equity you have in your home, with a maximum of $150,000.
Competitive rates
Lower interest means more money for your projects, purchases, and other plans.

Get a .25% APR* discount for automatic payments. Time to get out and play.

The options are pretty much endless

Since home equity funds can be used for almost anything, there are lots of ways to make your home work for you. But here's your first decision: Do you want all your money right now or would you prefer to borrow it as needed? Compare the options below, and when you're ready to apply, this simple checklist and equity calculator can help. Please note, our home equity options are available in Virginia only*.

Home Equity Line of Credit
  • Tap into a loan fund as often as you wish for any reason
  • Access money with checks, through Digital Banking or at DECU branches
  • Borrow up to 90% loan-to-value of your equity, with a maximum of $150,000
  • Often used for recurring expenses, such as home improvements or college tuition
  • Low variable interest rate
  • Monthly payments depend on the current rate and unpaid balance. But you only pay interest on the amount of money actually in use.
Home Equity Loans
  • Receive your money all at one time
  • Borrow up to 90% loan-to-value of your equity, with a maximum of $150,000
  • Often used for one-time projects and purchases, such as home additions, a new vehicle or debt consolidation
  • Low, fixed interest rate with the same payment amount every month
  • No closing costs
  • 0.25% APR discount if you schedule automatic payments
Type Term APR
Home Equity LoansFixed Rate7.50%**
Line of Credit8.25%**

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