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Home Equity Lines & Loans

This is a great time to tackle that home remodeling project, consolidate higher rate debt or pay for those extra educational expenses. Be sure to check our out our new home equity rates and tiers! Apply in person or online through our MortgageClick service.

Home Equity Line of Credit

Any of these projects on your list?

  • Finish basement
  • New roof
  • Major remodeling
  • Consolidate higher-interest rate debt
  • College tuition

If you're a homeowner, a Home Equity Line of Credit is one of the best ways to borrow because the interest may be tax deductible.* Get access to a revolving credit line that allows you to borrow up to 95% of your home's value. Just use the amount you need, when you need it!

  • No annual fee
  • Low closing costs
  • Quick and easy access through CATS Online 
  • Competitive variable rate of interest 
  • Interest only payment options available
"How much equity do I have?" Here's an example:
Appraised value of home $100,000
Multiply by 95% $ 95,000
Subtract balance of first mortgage loan - 60,000
Potential line of credit $ 35,000

Accessibility. Access your line of credit through CATS Line, CATS Online, or with specially issued Home Equity Line of Credit checks.


Home Equity Loans

Although similar to home equity lines, second mortgages feature a fixed rate for a fixed period of time. A home equity loan is often used for a large purchase or debt consolidation.

  • Competitive fixed rate of interest
  • Terms range from 5 to 15 years
  • Qualified members can borrow up to 95% of the home's loan to value
  • Interest rate is determined by the amount of equity and the term

    See all the fixed rates and terms available on home equity loans

    Want to apply online? Use our convenient MortgageClick service

    To schedule an appointment or ask any questions, contact us at 597-2800 or memberservices@oucu.org

*Consult your tax advisor regarding deductibility. Property must be primary residence in the state of Ohio. Equity Rate is subject to quarterly adjustment.

MortgageClick Reg. U. S. Pat. & T/M off.