X

Multi-Factor Authentication (MFA)

We are committed to keeping your account secure. To enhance security measures, we are implementing multi-factor authentication (MFA) for all online and mobile banking accounts beginning October 9. View your secure messages in Mobile & Online Banking for more information.

man on a ladder using caulk on a window

Home Equity Calculator

Use the calculator on this page to determine how much equity you have in your home, and how much you could borrow to pay for home improvements, go on vacation, pay for a major life event, or another big transaction.

Home Equity Rates

Home Equity Rates

Type RateAs Low As APR*
5 Year Fixed

7.500%

8.781%

10 Year Fixed

7.750%

8.448%

15 Year Fixed

8.250%

8.760%

Advantage HELOC

5.490%*

5.490%*

Traditional HELOC

5.490%*

5.490%*

Interest-Only HELOC

5.490%*

5.490%*

Rates accurate as of Oct 09, 2024

APR = Annual Percentage Rate. All loans are subject to credit approval as well as program terms and conditions. Exact rate and fees offered may vary and are based on credit worthiness, term, collateral, and loan to value. Rates shown are based on the refinance of a primary residence, with a $10,000 loan amount, estimated closing costs of $300, CLTV of 80% or less, and a credit score of 730 or above. 5, 10, and 15 year fixed home equity rates quoted include a 0.25% discount for applicants with a new or existing Honor Credit Union checking account with direct deposit. Posted rates are indications only and are subject to change without notice. Other rates available for other LTV and credit score ranges. Normal underwriting guidelines apply. All loans are subject to credit approval as well as program terms and conditions.

Payment Example: $10,000 at a rate of 7.500%, 8.781% APR for 5 years equals $200.38. This payment example consists of principal and interest only and does not include any additional fees or costs. Your actual payment may be higher.

*APR = Annual Percentage Rate. Rates accurate as of 9/19/2024. This introductory offer applies only to a new home equity line of credit (HELOC) approved on or after 9/19/24 and existing HELOCs with a zero balance. The 6-month introductory offer of 5.49% APR will be valid for a HELOC with 80% Loan-To-Value (LTV) or less and a minimum credit score of 730; or 6.49% APR with a credit score of 690-729. Approval and rate may vary based on credit history, LTV, and amount borrowed. The introductory offer HELOC will convert to a variable rate after the first 6 months following the loan disbursement date. Upon expiration of the introductory period, the APR can range from 3.00% to 15.00% based on the current Wall Street Journal “Prime” rate, which was 8.00% as of 9/19/2024, and may adjust monthly thereafter. Offer good for primary and secondary residences only. Minimum advance is $5,000. $300.00 processing/closing cost fee on all home equity products plus appraisal fee, if required. Flood insurance may be required. All credit union loan programs, rates, terms and conditions are subject to change at any time without notice. Other restrictions may apply. Subject to credit approval. Limited time offer. Equal Housing Opportunity. Consult a tax advisor regarding the deductibility of interest.

Use Home Equity Calculator

Scheduled Maintenance

Our mortgage and home equity application platform is currently unavailable due to routine scheduled maintenance. We apologize for any inconvenience.

Zero Down Payment Offer

To make the process as simple as possible with our Zero Down Payment mortgage offer, we encourage you to speak with a mortgage expert so they can explain the requirements and guide you through the process!

Find An Expert Near You

Need Help? Contact us at 800.442.2800 and we will help you get started with the application process.