With no application fees and fast approvals, we have a variety of home equity loan options to fit your needs:
- Fixed Rate Home Equity Loans
- Variable Rate Home Equity Lines of Credit
- Products for loan to value (LTV) of 80 percent
- Payment terms of up to 20 years
- Local decision making from a Credit Union that cares about its members and community
Home Equity Options
Home Equity Loans
A great way to finance home improvements, education or medical bills. Our home equity loans come with a fixed rate and multiple terms.
- Traditional loans when the loan to value is less than 80%
- Terms from 1 to 20 years
- First position or second position available
Home Equity Lines of Credit
If you don’t need the funds all at once, you can enjoy a low variable rate and a draw period of up to 10 years.
- Traditional loans when the loan to value is less than 80%
- Low variable rate of interest
- Repayment period of up to 15 years
Financial
Calculators
Our convenient financial calculators can help you make more informed decisions.
How much mortgage might I qualify for?
This calculator will help answer how much mortgage you might qualify for based on your total monthly gross income and expenses.
This calculator will tell you if the amount you save in interest will exceed these refinancing costs.
How much will my fixed rate mortgage payment be?
This calculator computes the payments (principal and interest) for a fixed rate loan.
This calculator computes the most expensive house you can buy based on the highest payment you can afford, but does not indicate whether you would qualify for the loan.
Which mortgage is better for me?
This calculator will help you compare the total cost of any two or three mortgages.
How much will I save by increasing my mortgage payment?
Find out how much interest you can save by paying an additional amount with your mortgage payment.
Related Products
Frequently Asked Questions
What can we help you with today?
A Home Equity Loan gives you the money up front with a fixed rate and a fixed term. Monthly payments are principal and interest.
A Home Equity Line of Credit gives you easy access to your money when needed. Lines of Credit have a variable rate and will adjust with the Prime Rate. Monthly payments are interest only but you can paydown on the principal at any time.
Our rates are tiered by credit score and depend on the product and term you choose.
Typically, it is taking about 4-6 weeks from application to closing for Home Equity Loans.
Most of our Home Equity products do not have closing costs unless the loan amount exceeds $250,000. You may be required to pay some closing costs (estimated $500 unless a Full Appraisal is needed) on our promotional Home Equity products.
Yes, you can prepay your Home Equity loan without penalty.
Yes, we offer Home Equity Loans and Lines of Credit on investment properties. We have competitive rates and a variety of options. Typically the member is required to pay closings costs and the appraisal fee.
Rates
Active as of 06.18.2025
Fixed Rate Home Equity Loan
First and Second Position
| Product | Interest Rate | Points | APR* | Apply Now |
|---|---|---|---|---|
| 10 Years | ||||
| Primary Residence | 6.750% | 0 | 6.750% | Apply Now |
| Second Home | 7.250% | 0 | 7.250% | Apply Now |
| Investment Property | 7.750% | 0 | 7.750% | Apply Now |
| 15 Years | ||||
| Primary Residence | 7.000% | 0 | 7.000% | Apply Now |
| Second Home | 7.500% | 0 | 7.500% | Apply Now |
| Investment Property | 8.000% | 0 | 8.000% | Apply Now |
| 20 Years | ||||
| Primary Residence | 7.250% | 0 | 7.250% | Apply Now |
| Second Home | 7.750% | 0 | 7.750% | Apply Now |
| Investment Property | 8.250% | 0 | 8.250% | Apply Now |
DISCLOSURES*
DISCLOSURES
*Annual Percentage Rates (APR) are the lowest available and subject to change without notice. First or second lien position. Maximum loan-to-value of 80% for owner-occupied first and second homes and 70% for investment properties. Interest rate will be determined by individual creditworthiness and property type. Property insurance (and flood insurance if applicable) required. Account subject to individual approval. 1-4 family properties only. Minimum credit score for all investment property borrowers is 700. Borrower to pay all appraisal fees and closing costs for investment property loans, and owner-occupied property loans over $250,000. Other conditions may apply. Repayment examples: owner-occupied primary residence loan at 6.99% APR, 240 monthly payments of $7.75 per $1,000 borrowed; owner-occupied second home loan at 7.49% APR, 240 monthly payments of $8.05 per $1,000 borrowed; investment property loan at 7.99% APR, 240 monthly payments of $8.36 per $1,000 borrowed.
Centennial Home Equity Line of Credit
First and Second Position
| Product | Interest Rate | Points | APR* | Apply Now |
|---|---|---|---|---|
| Primary Residence | 6.50% | 0 | 6.50% | Apply Now |
| Second Home | 7.00% | 0 | 7.00% | Apply Now |
| Investment Property | 7.50% | 0 | 7.50% | Apply Now |
DISCLOSURES*
DISCLOSURES
*Annual Percentage Rates (APR) are lowest available and subject to change without notice. First or second lien position. Maximum loan-to-value of 80% for owner-occupied first and second homes, and 70% for investment properties. Variable rate based on Wall Street Journal Prime Rate (Prime) + a margin determined by individual creditworthiness and property type. 10 year draw period, interest-only payments; then 15 years principal and interest payments. Property insurance (and flood insurance if applicable) required. Account subject to individual approval. 1-4 family properties only. Minimum credit score for all investment property borrowers is 700. Borrower to pay all appraisal fees and closing costs for investment property loans, and owner-occupied property loans over $250,000. APR will not exceed 18% in RI, MA or CT and will not fall below 4.00%. No annual fee. Other conditions may apply.
