**Based on the amount requested an automated valuation service is used to determine property value; if an appraisal is required, the fee will be paid by the borrower. Offer applies to fixed rate home equity loans on a primary residence. Minimum loan amount is $20,000. Re-writes of existing WECU loans are not eligible for no closing cost loans.
Apply NowWhether you are looking to upgrade your home, make a major purchase, or stressed out with credit card debt, WECU is here to help with a fixed rate home equity loan or a flexible home equity line of credit (HELOC).
The process is simple and straightforward.
Fixed rate home equity loans can help fund or finance a specific project or purchase.
A home equity line of credit (HELOC) affords homeowners the flexibility and freedom to borrow funds over time as needed.
Watch our on-demand home improvement webinar to learn more about starting a home improvement project with information about budgeting, the contracting process, and more.
Apply by December 31, 2022 for no closing costs** on fixed rate home equity loans.
**Based on the amount requested an automated valuation service is used to determine property value; if an appraisal is required, the fee will be paid by the borrower. Offer applies to fixed rate home equity loans on a primary residence. Minimum loan amount is $20,000. Re-writes of existing WECU loans are not eligible for no closing cost loans.
The information provided on this page is for comparative purposes only. Rates and terms may change at any time and without prior notice. Your actual rate, payment, terms and costs could be different. Get an official Loan Estimate before choosing a loan. Your rate, fees, and terms may differ based on when your rate is locked, actual occupancy status, loan purpose, loan amount, credit score, debt to income ratio, loan to value ratio, etc. The payment examples do not include mortgage insurance. The actual payment will be higher if mortgage insurance is required on your loan. The payment examples do not include amounts for taxes and insurance premiums. Your actual payment obligation will be greater considering taxes and insurance premiums.
For current pricing on Multi-Unit (2-4 family) properties or Single-wide/Manufactured Homes in a park, contact one of our Team Members at 800-525-8703 x7390 or through our Team page.
Adjustable Rate Mortgage Disclosure
Consumer Handbook on Adjustable Rate Mortgages
Interest rates, annual percentage rate, and points shown are subject to change without notice. Rates assume an owner-occupied single family refinance with a maximum loan-to-value (LTV) or combined loan-to-value (CLTV) of 80% or less. Payments are principal and interest only and do not include amounts for taxes and insurance premiums. Actual payment may vary based on your specific situation. An initial borrower deposit may be required if an escrow account for taxes and insurance is established. All home lending products, including mortgage, home equity loans and home equity lines of credit, are subject to credit and collateral approval. Hazard insurance and, if applicable, flood insurance is required. Other conditions and restrictions may apply. Effective 2/2022.
WECU’s Home Equity Lines of Credit (HELOC) are variable rate revolving loans secured by your home. The rate is based on the Wall Street Journal prime rate with a floor of 4.000% APR and a ceiling of 18.00% APR. 10 days prior to the end of each quarter, the rate is reviewed and updated effective at the beginning of the next quarter.
All terms, including fees and the APRs for new transactions may change after account opening in accordance with the agreement and applicable law. We do not charge annual maintenance fees. The line has a 10-year draw period followed by a 10-year repayment period. All loans are subject to approval.
The site you are about to visit is not operated or controlled by WECU, nor is WECU responsible for its content. WECU is not to be misconstrued as a representative for visitors of our website, the third party website operator, or for our members in the event of communication or a transaction. WECU's website terms, privacy and security policies may differ from this site.
The first step is to create an account for your customized Real Estate experience.