Home & Auto

Home Equity Loans and Lines

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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.

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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.

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How it works

Schedule or walk-into a branch to start the application process

Get your loan funded

Enjoy piece of mind through your repairs.

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 133% LTV financing for most purposes
  • Get up to 133% 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
Apply Online
Start Application

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.

 

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