Home EQUITY LoansFund What Matters With a Home Equity Loan
Turn the equity you’ve built into funding for your next great project, life event, or a plan to pay off high-interest debt. Whether you need one lump sum or an open line you can draw from over time, DFCU Financial gives you flexible options, competitive rates, and Cash Back* on top.
Home Loans Made Simple
A Fixed-Rate Home Equity Loan gives you a lump sum, backed by your home’s equity, with a fixed monthly payment for the life of the loan. It’s a straightforward way to fund a home improvement project, a major purchase, or another one-time expense – with a payment that never changes.
No annual or application fees and no prepayment penalties.
Lock in a fixed monthly payment that’s easy to budget around with a term up to 180 months.
Borrow up to $750,000, or up to 90% of your home’s equity.
Earn Cash Back.*
Closed-End Home Equity Rates
| APR1 | Maximum Fixed Term | Maximum Variable Term | Maximum CLTV |
|---|---|---|---|
| As low as 6.49% APR | 60 Months | N/A | <=80% |
| As low as 7.24% APR | 120 Months | N/A | <=80% |
| As low as 8.24% APR | 180 Months | N/A | <=80% |
| As low as 7.24% APR | 60 Months | N/A | >80% <=90% |
| As low as 7.99% APR | 120 Months | N/A | >80% <=90% |
| As low as 8.99% APR | 180 Months | N/A | >80% <=90% |
CLTV = Combined Loan to Value. Rates effective as of 11/03/2026.
Home Equity Loan Rates
Closed-End Home Equity Rates
| Maximum Fixed Term | 60 Months |
|---|---|
| Maximum Variable Term | N/A |
| Maximum CLTV | <=80% |
| Maximum Fixed Term | 120 Months |
|---|---|
| Maximum Variable Term | N/A |
| Maximum CLTV | <=80% |
| Maximum Fixed Term | 180 Months |
|---|---|
| Maximum Variable Term | N/A |
| Maximum CLTV | <=80% |
| Maximum Fixed Term | 60 Months |
|---|---|
| Maximum Variable Term | N/A |
| Maximum CLTV | >80% <=90% |
| Maximum Fixed Term | 120 Months |
|---|---|
| Maximum Variable Term | N/A |
| Maximum CLTV | >80% <=90% |
| Maximum Fixed Term | 180 Months |
|---|---|
| Maximum Variable Term | N/A |
| Maximum CLTV | >80% <=90% |
Turn Your Home’s Equity Into Options
With a Home Equity Line of Credit (HELOC)** from DFCU, you can draw as much or as little as you need, whenever you need it, up to your credit limit. Make interest-only minimum payments while you draw, or pay down the balance and keep the line open for what comes next. You’re always in control.
Enjoy a 10-year draw period, followed by up to a 20-year repayment period.
Access a credit line from $10,000 to $750,000.
Earn Cash Back.*
| Credit Limit | <=50% CLTV | 51-60% CLTV | 61-80% CLTV | 81-90% CLTV |
|---|---|---|---|---|
| $10,000 - $24,999 | 7.00% | 7.00% | 7.50% | 8.75% |
| $25,000 - $49,999 | 7.00% | 7.00% | 7.50% | 8.75% |
| $50,000 - $74,999 | 7.00% | 7.00% | 7.50% | 8.75% |
| $75,000 - $99,999 | 7.00% | 7.00% | 7.50% | 8.75% |
| $100,000 - $249,999 | 6.75% | 6.75% | 7.25% | 8.50% |
| >=$250,000 | 6.75% | 6.75% | 7.25% | 8.50% |
CLTV = Combined Loan to Value. Rates effective as of 11/03/2026.
HELOC Rates
| <=50% CLTV | 7.00% |
|---|---|
| 51-60% CLTV | 7.00% |
| 61-80% CLTV | 7.50% |
| 81-90% CLTV | 8.75% |
| <=50% CLTV | 7.00% |
|---|---|
| 51-60% CLTV | 7.00% |
| 61-80% CLTV | 7.50% |
| 81-90% CLTV | 8.75% |
| <=50% CLTV | 7.00% |
|---|---|
| 51-60% CLTV | 7.00% |
| 61-80% CLTV | 7.50% |
| 81-90% CLTV | 8.75% |
| <=50% CLTV | 7.00% |
|---|---|
| 51-60% CLTV | 7.00% |
| 61-80% CLTV | 7.50% |
| 81-90% CLTV | 8.75% |
| <=50% CLTV | 6.75% |
|---|---|
| 51-60% CLTV | 6.75% |
| 61-80% CLTV | 7.25% |
| 81-90% CLTV | 8.50% |
| <=50% CLTV | 6.75% |
|---|---|
| 51-60% CLTV | 6.75% |
| 61-80% CLTV | 7.25% |
| 81-90% CLTV | 8.50% |
Frequently Asked Questions
A fixed-rate home equity loan gives you one lump sum with a fixed interest rate and a fixed monthly payment — a good fit when you know exactly what you need to borrow. A HELOC is a revolving line of credit with a variable rate; you draw funds as you need them, up to your credit limit, and only pay interest on what you use.
In many cases, interest may be tax-deductible if the funds are used to buy, build, or substantially improve the home securing the loan. Tax rules vary by situation, so members should talk to a tax advisor to see how it applies to them.
Applying involves a credit check, which can cause a small, temporary dip in your score. Making on-time payments afterward can help build your credit over time.
Yes. Neither option carries a prepayment penalty, so members can pay down or pay off their balance anytime without an extra fee.
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Learn More**For NEW Home Equity Line of Credit (HELOC) applications. The promotional 4.99% APR is offered for the first six (6) months of the HELOC starting from the date the HELOC closes. Promotion excludes existing DFCU home equity product refinances. Rate Changes: The Annual Percentage Rate (APR) can change any time The Wall Street Journal Prime Rate changes. There is no limit on the amount by which the annual percentage rate can change during any one year period. The maximum APR that can apply is 18.0% or the maximum permitted by law, whichever is less. However, under no circumstances will your APR go below 3.25% at any time during the term of the plan. Rates are subject to change based on market conditions and borrower eligibility. Subject to credit approval. Your APR after the six (6) month promotional period will be higher and will be based on the prevailing variable-rate index value, your credit qualifications and the combined loan-to-value. Minimum credit line is $10,000. 10-year draw period followed by up to a 20-year repayment period. Homeowner’s property insurance is required. Flood insurance may be required. Credit line together with any other mortgage(s) cannot exceed 90% of the property value on 1- to 4-family, owner-occupied properties. Some fees apply. $50 Home Equity Line of Credit Annual Fee, Appraisal Fee necessary to process the loan application. Promotional introductory offer applies to new HELOC applications submitted between 1/1 – 10/31/26. Must be an existing member or eligible for membership with DFCU Financial.
Interest-only minimum payments do not reduce principal and may result in a higher repayment-period payment; avoid emphasizing access to equity without repayment risk.
1Home equity loan or line of credit must be secured by a primary Michigan or Florida residence or a secondary lien on a Michigan or Florida vacation home and must be owner-occupied. Property, title and/or flood insurance, if applicable, are required. APR = Annual Percentage Rate. Fixed-Rate Home Equity Loan: NO Annual Fee. Rates displayed are for excellent credit. DFCU Financial does business in accordance with the Federal Fair Housing Laws and the Equal Credit Opportunity Act. DFCU is an equal opportunity lender.
