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 lower variable rate and a draw period of up to 10 years.
- Traditional loans when the loan to value is less than 80%
- Lower variable rate of interest
- Repayment period of up to 15 years
Rates
Active as of 06.01.2023
Home Equity Line of Credit
Product | Interest Rate | Points | APR* |
---|---|---|---|
Home Equity Line of Credit | 8.25% | 0 | 8.25%* |
DISCLOSURES
Interest Rates are subject to change without notice.
*Annual Percentage Rate (APR) subject to change without notice. Advertised APR based on a credit score of 720 or higher. The APR is a variable rate based on the Prime Rate as published in The Wall Street Journal on the first business day of the month. Maximum APR is 18%. Other rates and terms available on creditworthiness. Maximum loan amount of $250,000; maximum loan term is 180 months. 1-4 family, owner-occupied, primary residence properties only; no closing costs. Payments do not include taxes or insurance and actual payment may be greater. Property insurance (and flood insurance if applicable) required. Your tax advisor should be consulted as any interest expense incurred may be tax deductible. Properties with a loan-to-value (LTV) of 80% or less only. APR will not fall below 3.25%. No annual fee. Additional fees may apply if held in trust or with power of attorney.
Centennial Home Equity Line of Credit Special
Product | Interest Rate | Points | APR* |
---|---|---|---|
Centennial Home Equity Line of Credit Special | 7.25% | 0 | 7.25% |
DISCLOSURES
Interest Rates are subject to change without notice.
*Annual Percentage Rate (APR) subject to change without notice. Advertised APR based on a credit score of 720 or higher. The APR is a variable rate based on the Prime Rate minus -1.00% as published in The Wall Street Journal on the first business day of the month. The rate will not go below the 3.25% floor rate. Maximum APR is 18%. Other rates and terms are available on creditworthiness. The maximum term of the loan is 300 months. 120 months interest only, and 180 months are principal and interest. Owner occupied 1-4 family, primary residence properties only. PCU to pay closing costs on most loans except for loan amounts exceeding $250,000. Property insurance (and flood insurance if applicable) required. Your tax advisor should be consulted as any interest expense incurred may be tax deductible. Properties with a loan-to-value (LTV) of 80% or less only. No annual fee. Additional fees may apply if held in trust or with power of attorney. Investment properties and Second Homes do not qualify for this product. Loans exceeding $250,000 costs would be paid for by the borrower the range of fees $125.00 – $1000.
Home Equity Loan
Fixed Rate, First Position
Product | Interest Rate | Points | APR* | Monthly Payment Per $1,000 Borrowed |
---|---|---|---|---|
*10 Years | 5.00% | 0 | 5.00% | $10.61 |
**10 Years | 5.25% | 0 | 5.25% | $10.73 |
DISCLOSURES
Interest Rates are subject to change without notice.
*Annual Percentage Rate (APR) is subject to change without notice. Advertised APR based on a credit score of 720 or higher with a maximum Loan-To-Value (LTV) of 70% and first lien position. Other rates and terms available based on creditworthiness. Account subject to individual approval. 1-4 Family Owner-Occupied, Condominium or Second Home (which is not a rental property) only. Property insurance (and flood insurance if applicable) is required. All loans over $250,000 will require a full appraisal and attorney closing. Additional fees will apply if held in trust or with power of attorney. Monthly payments do not include insurance and taxes. The monthly payment for loans with a maximum LTV of 70% is $10.61 per thousand borrowed for 120 months. The monthly payment advertised is for a 120-month term. Other conditions may apply. Please consult a tax advisor regarding the deductibility of interest. See branch for full details.
**Annual Percentage Rate (APR) is subject to change without notice. APR will be based on a credit score of 719 with a maximum Loan-To-Value (LTV) of 80% and a first lien position. Other rates and terms available based on creditworthiness. Account subject to individual approval. 1-4 Family Owner-Occupied, Condominium or Second Home (which is not a rental property) only. Property insurance (and flood insurance if applicable) is required. All loans over $250,000 will require a full appraisal and attorney closing. Additional fees will apply if held in trust or with power of attorney. Payments do not include taxes or insurance and actual payment may be greater. The monthly payment for loans with a maximum LTV of 80% is $10.73 per $1,000 borrowed for 120 months. The monthly payment advertised is for 120-month term. Other conditions may apply. Please consult a tax advisor regarding the deductibility of interest. See branch for full details.
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.
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.