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Home Equity Loans

Save $$$ with a NO-CLOSING-COST home equity loan!

Whether you love the house you're in and just want to make it more functional and attractive, or you've bought a fixer-upper you plan to slowly improve, you need money to make your home improvement happen.

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 HELOC

Put your home's equity to work.

Fixed home equity and home equity line of credit loans are resources for our members to borrow extra cash for home improvement, refinance, debt consolidation and other reasons. Borrow only as much as you need, when you need it.

Fixed Home Equity Loan (Second Mortgage) - NO CLOSING COSTS!

  • Must have equity in your primary residence, second or vacation home (investment property does not qualify)
  • Can be used for home improvement, refinance, debt consolidation, tuition and other reasons
  • Fixed rate with flexible loan terms: 5-, 10-, or 15-year
  • Minimum loan $10,000; Maximum loan $100,000
  • Receive all funds up front, fixed monthly payment
  • Financing up to 95% of value minus first mortgage balance

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Home Equity Line of Credit - NO CLOSING COSTS!

  • Must have equity in your home (primary residence only)
  • Can be used for home improvement, tuition and many other reasons
  • Variable rate
  • Borrow as much as you need, when you need it
  • Pay interest only on amount borrowed during the 5 year draw period
  • Minimum loan $10,000; Maximum loan $100,000

Apply Now

Don't want to apply online?

Stop by any branch location or call 918-664-6000, select option 2, to speak with a Member Representative.

Don’t have equity in your home?

There are other ways to pay for your home improvement projects.

Personal Loans

If you are considering financing your project with a credit card, consider a personal loan instead. Compared to credit cards, our personal loans typically have lower, fixed interest rates that enable you to properly budget your repayment and still leave available credit on your cards for day-to-day conveniences.

Refinance Your Vehicle

With our great automotive rates, refinancing your existing auto loan can help save on your monthly payment allowing you more money in your pocket to spend on home improvements.

Looking to upgrade your home with a new heating and air system, storm shelter or generator?

Learn more about these programs:

We make it easy for you to find the option that best fits your needs. Learn more about how we can help finance your home improvement ideas.

  • Call Member Services at 918-664-6000, option 2
  • Visit one of our branch locations and talk to a Member Financial Representative.

Calculate Monthly PaymentApply Now

Don't want to apply online?

Stop by any branch location or call 918-664-6000, select option 2, to speak with a Member Representative.

Rate based on Prime as Index. Loans with LTV below 80% are price based on prime plus 1.5% APR margin with floor of 4.75% APR; loans with LTV 80% to 95% are price based on prime plus 2.5% APR margin with floor of 5.75% APR. The current prime rate is 4.75% APR. APR = Annual Percentage Rate. All rates are subject to change without notice. Rates are subject to credit approval. Must have or open share account with a minimum $25 balance.

For a home equity second mortgage loan on a primary residence, with a loan amount of $25,000, combined loan to value less than or equal to 80% and a 5-year fixed rate of 7.00%, the APR is 7.00% and the monthly payment for principal and interest would be $496.

* APR = Annual Percentage Rate. For loans with an LTV below 80%, introductory rate is 3.99% APR for the first six consecutive billing cycles. The rate for the rest of the term of the loan will be based on Prime plus 1.5% APR margin (6.25% APR as of 11/01/19) with a floor of 4.75% APR. For loans with an LTV 80% to 95%, introductory rate is 4.99% APR for the first six consecutive billing cycles. The rate for the rest of the term of the loan will be based on Prime plus 2.5% APR margin (7.25% APR as of 11/01/19) with a floor of 5.75% APR. The current Prime rate is 4.75% APR as published in the Wall Street Journal. Home Equity rates and terms accurate as of 11/01/2019 and are subject to change without notice. Minimum loan amount is $10,000. Maximum loan amount is $100,000. All offers of credit are subject to credit approval; applicants may be offered credit at higher rates and other terms. Loan-to-value (LTV) restrictions apply. Hazard insurance is required on all loans secured by real property; flood insurance may also be required. Published rates and terms based on primary homes. HELOC is a variable rate product with a rate not to exceed maximum legal limit currently 18% APR. Consult a tax professional regarding the potential tax deductibility of your interest payments and charges. Must have or open share account with a minimum $25 balance.

 

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