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Home Equity Loans

Serious cash for big plans. Our Home Equity Loans give you the cash to turn your sensible plans or big dreams into reality.

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  • Loans up to $250,000
  • All loan decisions made locally by Freedom CU Staff
  • Flexible repayment terms
  • No application fees
  • Pay for various expenses - from weddings and trips to medical bills or debt consolidation.

Estimated Monthly Payment

This calculation is an estimate
Loan Amount

A young couple doing home renovations thanks to their home equity loan.

More details about our Home Equity Loans

Borrow a lump sum of money by using the equity in your home as collateral. This loan comes with a fixed interest rate and a specified repayment period.

Here are some important details:

  • No Cost Application: Submit your application online with ease and at no cost to you.
  • Generous Loan Amounts: Receive a lump sum of money, with loan amounts available up to $250,000.
  • Flexible Repayment Terms: Select a loan payment term that suits your needs, ranging from 60, 120, or 180 months.
  • No Hidden Fees: Enjoy no monthly service fees or prepayment penalties. Pay off your loan earlier if you wish!
  • Freedom in Spending: Utilize the funds for a broad range of purposes.
  • Rate Based on Credit Profile: Your credit history and credit score determine your interest rate.

Home Equity Loans vs. HELOCs

A Home Equity Loan provides you with a lump sum of money at a fixed rate. Alternatively, a Home Equity Line of Credit (HELOC) allows you to draw money with a variable rate as needed. Consider a Home Equity Loan for one-time expenses and a HELOC for ongoing or variable costs.

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Take advantage of our low Home Equity Loan rates

TermAPR*Monthly Payment Per $10,000 Borrowed
1 - 60 low as 4.75%$189.03
61 - 120 low as 5.25%$108.23
121 - 180 low as 5.50%$82.46
*Annual Percentage Rate (APR) applies to Loan-to-Value (LTV) less than or equal to 80%. APR will not be less than 4.75% or greater than 8.00%. The interest rate you receive will be based on your credit history. Hazard Insurance is required. For loans over $150,000, Title Insurance is required. Loan subject to final approval. Terms and rates subject to change without notice and apply to loans in the 2nd lien position. Rates effective as of 05/07/2024.

Applying for a Home Equity Loan is free, fast, and easy.



Apply online

Submit your application for up to 110% of your home’s value.


Pick your term

Select your preferred repayment term that ranges from 5 to 15 years.


Receive your funds

Receive a lump sum and make repayments online or through our mobile app.

Make big things happen with a home equity loan


“I had been plodding through the process of settling my mother’s home and Freedom truly exemplified exceptional customer service. Working with such wonderful people made the experience so much easier!”

Freedom Credit Union Home Equity Loans FAQ

  • You’ll be able to take advantage of favorable credit union home equity loan rates and outstanding personalized service. Enjoy flexible repayment terms and all the benefits that come with being a member of a local credit union.

  • You can use your home equity loan for a wide range of purposes, including:

    • Debt consolidation (e.g., paying off high-interest rate credit cards)
    • Home improvement
    • Purchase
    • Refinance home equity loan/HELOC
    • Refinance cashout


  • If you live, work, worship, attend school, or volunteer in Bucks, Chester, Delaware, Montgomery, or Philadelphia County or have an immediate family member who belongs to Freedom Credit Union, you can join and apply for a home equity loan. Our dedicated loan specialists are available to assist you over the phone or in person at any of our branches.

  • Yes, you need to join Freedom Credit Union to take advantage of our home equity loans. Becoming a member of our financial family is easy! Simply open a savings account with a minimum balance of $5.

  • LTV, or Loan-to-Value ratio, is crucial in determining your eligibility for a home equity loan. Divide the mortgage loan balance by the property’s appraised value to calculate it. Individual creditworthiness and other factors can cause the specific LTV to vary. Consider using a home equity loan calculator for a better understanding of your LTV.

    Feel free to contact us if you’d like us to help you better understand your LTV.

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