Home Equity Loan

Let your home go to work for you.

The equity value you’ve built in your home could be a great way to finance a new car, home improvement projects or your child’s education. You decide.


Fixed-Rate Home Equity Loan (HEFT)

A fixed-rate loan product that uses the equity in your home to provide a "lump sum" loan amount you pay down with fixed monthly payments over a set period of time. It's ideal for a one-time home improvement project, large expenses or purchases.

HEFT features and benefits:

  • Instant loan decisions
  • Discounted interest rate available when you set up automatic payments from your DFCU checking account
  • No annual fee; no application fee
  • Borrow up to $750,000, or up to 90% of your home’s equity, whichever is less
  • Borrow up to 180 months
  • No pre-payment penalties
  • Earn Cash Back for bringing your loans to us

APR4 Max Fixed Term Max Variable Term Max 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%

Rates effective as of 4/13/2024

4Home 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. CLTV = Combined Loan To Value. Fixed-Rate Home Equity Loan: NO Annual Fee. 

Members receive a discount of .25% on the ANNUAL PERCENTAGE RATE (APR) for automatic payment. Applicable fixed rate loans listed above reflect the .25% rate reduction.