Home Equity Loan features

Get the money you need to make the changes you want! Use a Copper State Credit Union Home Equity Loan to pay for a wedding, home improvements, college, medical bills and more! You can borrow up to 100% of the appraised value of your home.2

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Competitive rates.
Our low Home Equity Loan rates offer you an affordable monthly payment.1
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Flexible repayment terms.
Fixed rate Home Equity Loans are available with terms from 60 - 180 months.2
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Potential tax advantages.
Home Equity Loans offer potential tax deductions on interest payments.
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Endless possibilities.
Use the funds on anything you can imagine (excluding business purposes).
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Looking to save money?
Consolidate multiple loan payments into one!
Mother and children cooking in the kitchen
Great Home Equity Loan Rates

Tap into your home's equity.

Your house may be more valuable than you think. If your home is worth more than what you owe on it, you have equity in your home. You can access that equity with a Home Equity Loan from Copper State Credit Union, which allows you borrow up to 100% of the appraised value of your home.2

Our low Home Equity Loan rates offer an affordable monthly payment, allowing you to make the changes you want knowing your budget is still on track. Plan the wedding, remodel your kitchen, take those extra college courses, we are here to support you on your next adventure.

 

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Home Equity Loan Rates

Our low Home Equity Loan rates offer an affordable budget friendly payment.
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*APR=Annual Percentage Rate. Rates, terms and conditions are subject to change and may vary based on credit worthiness, qualifications and collateral conditions. All loans are subject to approval. Rate shown is for 60 month term. 120 and 180 term loans are also available. Contact us for details.

Minimum amount: $15,000 - Maximum amount: $350,000

Property insurance is required and will be verified. No prepayment penalty.

Home Equity Loan Rates
FICO Scores
APR* To 80% Loan to Value (As Low As)
FICO Scores
760+
APR* To 80% Loan to Value (As Low As)
5.25%
FICO Scores
720-759
APR* To 80% Loan to Value (As Low As)
5.50%
FICO Scores
680-719
APR* To 80% Loan to Value (As Low As)
5.75%
FICO Scores
650-679
APR* To 80% Loan to Value (As Low As)
7.00%
FICO Scores
620-649
APR* To 80% Loan to Value (As Low As)
8.00%
Effective May 3, 2021

*APR=Annual Percentage Rate. Rates, terms and conditions are subject to change and may vary based on credit worthiness, qualifications and collateral conditions. All loans are subject to approval. Rate shown is for 60 month term. 120 and 180 term loans are also available. Contact us for details.

Minimum amount: $15,000 - Maximum amount: $350,000

Property insurance is required and will be verified. No prepayment penalty.

Home Equity Loans Get it Done!

  • Home improvement.

    Get that dream kitchen, make a man cave, or remodel the bathroom. A Home Equity Loan makes it affordable.

  • Cash out refinance.

    A cash-out-refinance replaces your existing mortgage with a new home loan for more than you owe on your house. You get the extra cash!

  • Medical expenses.

    The funds you receive from your Home Equity Loan can pay for unexpected expenses including medical bills.

  • Finish that degree.

    Do you have a couple courses left, or do you have a child (or children) heading off to college? No need to worry, the money can cover that too.

man working on house
Our low Home Equity Loan rates make this a great solution for debt consolidation!
You can transform your multiple loan payments into one simple payment, and pay down existing debt while simultaneously improving your credit. Need some help? No problem. Copper State CU is here to guide you towards financial freedom!
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Home Equity Loan Calculator

See how much you can afford. Adjust the rate and loan term to see what works with your budget. Like what you see? Email yourself the results for reference.

Your actual term and payment will be provided upon acceptance of a Copper State CU loan. This calculator is for informational purposes only and its use does not guarantee an extension of credit.
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Full of surprises

Home Equity Loans counter life's surprises.

Life is full of surprises we never could have imagined. Some are amazing, some are not so fun. Our Home Equity Loan should provide you comfort in knowing that when these unexpected events come up, Copper State CU is here to help. 

We value you, your family and the place we all call home. We are here to help you overcome whatever obstacles are in your way to financial freedom, and are by your side through each and every step of your journey.

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Member Home Loan
Liliana D.

This is my 5th time getting a loan and it has been the best experience ever.

They've been outstanding on getting everything done in timely manner and keeping me posted all the time.

I have checked the rates at at least 10 other banks and Copper State Credit Union had by far the most competitive rate. Thank you.

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Have a Question?

Frequently Asked Questions

What is the difference between a Home Equity Loan and a HELOC?
With a Home Equity Loan, funds are provided in one lump sum with one consistent monthly payment. With a HELOC, they are a revolving source of money which means you withdraw and pay back the money over time. You also only pay interest and make payments on the balance you owe.
Is the interest tax deductible?

Interest on Home Equity Loans and HELOCs may be tax deductible. Please consult your tax advisor regarding tax deductibility.

Are Home Equity Loan and HELOC interest rates fixed or variable?
Home Equity Loans have a fixed rate while HELOCs have a variable rate that changes according to the United States Federal prime rate.
How much can I borrow?

A Home Equity Loan has a minimum amount is $15,000 and a maximum loan amount of $350,000. A Home Equity Line of Credit has a limit up to 80% of your home's appraised value with a $350,000 maximum credit limit.

FREE GUIDE

Get Me Out of Debt Bundle

We are here to help! Grab your statements and calculator, it's time to get your debt back in check.

Get Me Out Of Debt Bundle - Copper Credit Union Guide Book
Tackle Your Debt With These Simple Steps!

Create a plan to payoff your debt using the included debt payoff strategies, worksheets and tips! 

Included in the free guide:
  1. Determining Your Debt Directed Dollars
  2. Fixed Payment Debt Payoff Strategy
  3. Payment Roll Up Debt Payoff Strategy
  4. Completing Your Debt Inventory
  5. Making A Plan

Get your free copy now!

We are here to help! Grab your statements and calculator, it's time to get your debt back in check.

Disclosure

1All loans subject to approval. Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. Membership is required.

2The maximum loan amount is $350,000. The minimum loan amount is $15,000.