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Home Equity Loans

Put your home's equity to work.

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Flexible home equity options that fit your lifestyle and budget

Home equity loans and lines of credit can be a great way to use the equity in your home to borrow for home renovations, debt consolidation, energy improvements, and other large expenses.

Benefits

  • Arrows

    Flexible terms

    Repayment periods up to 15 years.

  • Earth

    Green options

    Our Energy Equity Loan can cover the costs of energy efficiency upgrades in your home.

  • Dollar Down Arrow

    Tax deductible

    Check with your tax advisor to determine if this is a tax deductible option for you.

Compare your options

We offer Home Equity Loans, Green Home Equity Loans, and Home Equity Lines of Credit. See which option is the best fit for you:

  • Best if:

    Best if:

  • Rates & terms

    Rates & terms

  • Access to funds

    Access to funds

  • Minimum loan amount

    Minimum loan amount

  • Maximum loan amount

    Maximum loan amount

  • Borrowing limit

    Borrowing limit

  • Closing costs

    Closing costs

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Apply now

Home Equity Loan

  • Best if:

    You need to make a single, large purchase at a certain price.

  • Rates & terms

    A fixed interest rate and terms up to 15 years.

  • Access to funds

    The borrowed amount is paid to you in one lump sum.

  • Minimum loan amount

    $5,000

  • Maximum loan amount

    $250,000

  • Borrowing limit

    Borrow up to $200,000 when using the tax assessed value and borrowing 80% or less of this value. Borrow up to $250,000 when using the appraised value and borrowing 90% or less of this value. 

  • Closing costs

    Closing costs will be unique to your loan and may include a property appraisal fee. VSECU will cover a portion of other closing costs.

Get started online
Apply now

Green Home Equity Loan

  • Best if:

    You're looking to finance energy improvements of any kind on your primary home.

  • Rates & terms

    A fixed interest rate and terms up to 15 years.

  • Access to funds

    The borrowed funds can be made payable to your contractor.

  • Minimum loan amount

    $5,000

  • Maximum loan amount

    $250,000

  • Borrowing limit

    Borrow up to $200,000 when using the tax assessed value and borrowing 90% or less of this value. Borrow up to $250,000 when using the appraised value and borrowing 90% or less of this value. 

  • Closing costs

    We work with you to minimize closing costs, making it more affordable.

Get started online
Apply now

Home Equity Line of Credit

  • Best if:

    You aren’t sure of the final price, or if it is a reoccurring cost.

  • Rates & terms

    A revolving line of credit with a variable interest rate that will be available to you for up to 15 years.

  • Access to funds

    You can tap into your line of credit whenever you need the money.

  • Minimum loan amount

    $5,000

  • Maximum loan amount

    $250,000

  • Borrowing limit

    Borrow up to $200,000 when using the tax assessed value and borrowing 80% or less of this value. Borrow up to $250,000 when using the appraised value and borrowing 90% or less of this value. 

  • Closing costs

    Closing costs will be unique to your loan and may include a property appraisal fee. VSECU will cover a portion of other closing costs.

Get started online
Apply now
Get started online
Apply now

Current rates

Home Equity Loan 1

Type

Loan to Value

Term

APR as low as

APR = annual percentage rate, effective as of 04/22/2020 and reflects the current minimum APR offered.

Type

Fixed rate

Loan to Value

Up to 80%

Term

60 months

APR as low as

3.24%

Type

Fixed rate

Loan to Value

Greater than 80% up to 90%

Term

60 months

APR as low as

4.24%

Type

Fixed rate

Loan to Value

Up to 80%

Term

120 months

APR as low as

4.25%

Type

Fixed rate

Loan to Value

Greater than 80% up to 90%

Term

120 months

APR as low as

5.25%

Type

Fixed rate

Loan to Value

Up to 80%

Term

180 months

APR as low as

4.75%

Type

Fixed rate

Loan to Value

Greater than 80% up to 90%

Term

180 months

APR as low as

5.75%

Green Home Equity Loan 1

Type

Loan to Value

Term

APR as low as

APR = annual percentage rate, effective as of 04/22/2020 and reflects the current minimum APR offered.

Type

Fixed rate

Loan to Value

Up to 80%

Term

60 months

APR as low as

2.74%

Type

Fixed rate

Loan to Value

Up to 80%

Term

120 months

APR as low as

3.75%

Type

Fixed rate

Loan to Value

Up to 80%

Term

180 months

APR as low as

4.25%

Type

Fixed rate

Loan to Value

Greater than 80% up to 90%

Term

60 months

APR as low as

3.74%

Type

Fixed rate

Loan to Value

Greater than 80% up to 90%

Term

120 months

APR as low as

4.75%

Type

Fixed rate

Loan to Value

Greater than 80% up to 90%

Term

180 months

APR as low as

5.25%

Home Equity Line of Credit 2

Type

Loan to Value

APR as low as

APR = annual percentage rate, effective as of 04/22/2020 and reflects the current minimum APR offered.

Type

Monthly adjustable rate

Loan to Value

Up to 80%

APR as low as

4.50%

Type

Monthly adjustable rate

Loan to Value

Greater than 80% up to 90%

APR as low as

4.50%

How much should I borrow?

To determine how much you can borrow, you first need to know the total equity in your Vermont or New Hampshire home. The first step is to determine the value of your home. You can use either the professional appraised value of your home or the tax assessed value of your home.

The equity in your home is the difference between the value of your home less all other outstanding balances on your existing mortgage. This is the amount that is available to borrow from, up to a certain limit, depending on which valuation approach you use.

The total maximum amount that can be borrowed is $250,000 when using the appraised value, and $200,000 when using the tax assessed value.

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FAQs

Apply for a Home Equity Loan or Line of Credit

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Disclosures

1
– APR = annual percentage rate may be adjusted based on individual credit standing and term. Payment Example: $25,000 loan for 60 months at 3.24% APR will have a monthly payment of $451.89.
2
– A home equity line of credit is a variable rate loan that may adjust monthly. Rates are as low as 4.50% APR as a floor and a maximum APR of 18.00%. APR may be adjusted based on individual credit standing and term. Members can borrow against the available line of credit for a period of 15 years, after which time the existing balance must be paid in full by making a monthly principal and interest payment in a new 15-year repayment period. Closing costs range from $900 to $1,500 to cover the appraisal fee and title update fee. A late fee of 5% of the payment may be charged for a payment more than 15 days late.