Home & Auto Home Equity Loans and Lines Fund Home Repairs with Your Home’s Value Tap into the equity you’ve built up over the years as collateral to secure a loan. Use a home equity loan on anything: home improvements, medical expenses, and more. Also called a “second mortgage,” a home equity loan is a smart option for financing home improvements, education, or any other big expenses. Loan Types Home Equity Tap into the equity you’ve built up over the years as collateral to secure a loan. Use a home equity loan on anything: home improvements, medical expenses, and more. Contact us Home Equity Line of Credit The money you’re looking for may be as simple as looking to your own home. Use your home’s equity to finance a revolving line of credit — so you’re ready with financing whenever a situation arises. Contact us How it works Schedule or walk-into a branch to start the application process Come into a branch to start the application process. Get your loan funded Once your loan is funded and paper work is processed your loan and/or lines of credit are funded. Enjoy piece of mind through your repairs. With our Home Equity loan we will work with licensed contractors to certify the quality of work. After the work is done you can enjoy all the benefits of the improvements We offer low rates to members and various terms to fit your budget. And since we process loans in-house, you can expect quick decisions and personal service. Use your home’s equity as collateral for a loan Get up to 80% LTV financing for most purposes Get up to 80% LTV financing for qualified home improvements, including: New roof Backyard landscaping, pool, patio, or outdoor kitchen Kitchen and bathroom remodeling Room additions & conversions Competitive rates and various terms Standard closing costs, including appraisal and title, are paid for by Strata CU** No prepayment penalty In-house servicing for efficiency and speed Personalized, friendly service from start to closing Come in to start your application Schedule an appointment Disclosures *Amount over fair market value may not be tax deductible, consult your tax advisor. **If account is paid in full and closed within 12 months of loan origination, Strata Credit Union will collect these costs ***Consult your tax advisor.