Home Equity Loans

Accomplish Your Goals With The Equity In Your Home

Leverage the value of your home to accomplish your financial goals. Whatever your financial goals, Hercules Credit Union can help.

  • Renovate your home
  • Consolidate your debt
  • Start a new business
  • Pay off medical bills
  • Repay student loans
  • Buy a new car, motorcycle, or RV

We offer extremely low interest rates and flexible terms. All loans feature a 10-year open line of credit that allows you to make advances as needed. All home equity lines of credit offer up to a 20-year principal and interest repayment period.

Fixed Interest Rates

We have a large variety of home equity loans with low fixed interest rates. Now is the perfect time to lock in a low rate on a loan or consolidate all your debts into one lower payment.

  • Lock in a low rate for the length of your loan
  • Know exactly what your payment will be every month
  • Your rate never increases, no matter what the market does
  • Perfect for those with good credit and plan on keeping the house long term.
  • Borrow up to 100% of your home’s value
  • Up to 15 years to pay the loan back

Variable Interest Rates

With a variable interest rate, your interest rate is based on the monthly Wall Street Journal Prime Interest Rate, plus a small margin.

  • Flexible payment options
  • Both 10 year open lines of credit and 20 year principle and interest loans available
  • Perfect for those with lower credit scores
  • Borrow up to 100% of your home’s value

How Much Should I Borrow?

A home equity loan can give you access to lower interest rates and larger loan amounts. This may be a very good option for many people, especially if you have a low credit score. This can be a major opportunity to consolidate debt and pay it off with better terms. However, the reason a home equity loan has such low rates is because it is secured with your house. It can be tempting to borrow more money than you can afford to pay back.  A Hercules Credit Union representative can help you plan how much you should take out, and if this loan is right for you.

Real Estate rates are quoted daily. For current home equity loan rates, please call a Loan Specialist at (801) 968-9011.