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 / Loans / Home Loans / Home Equity Loan
 

Home Equity Loan

Low Fixed Loan Rates

Improve Your Home, Consolidate Debt or Even Further Your Education

Delta Community Credit Union’s Home Equity Loan is considered a traditional second mortgage. It’s a loan that is secured by your home and uses it as collateral.

What Is a Home Equity Loan?

A Home Equity Loan is a fixed rate loan that is secured by your home and enables you to use a portion of your equity through a single payout. It's a great option for homeowners who have enough equity established in their home to tap into for expenses such as home improvements, bill consolidation or even to purchase new furniture.

Several Home Equity Loan Options

  • Home Equity Fixed – 5 Year
  • Home Equity Fixed – 10 Year
  • Home Equity Fixed – 15 Year

Credit Union Home Equity Loan Benefits

  • Fixed home equity loan rates
  • Quick access to funds
  • Available for primary and secondary residences
  • No prepayment penalty

Who is this product right for?

Someone who is interested in using the equity in their home for a specific project and would like fixed payments for the life of the loan.

Home Equity Line of Credit

If you’re exploring lending options using the equity in your home, you may also want to check out our Home Equity Line of Credit. Once you understand the similarities and differences of Home Equity Loans and Lines, you’ll be able to decide which is best for you.

Find the Best Home Equity Loan That Fits Your Needs

Want to remodel your kitchen? Finance a college education? Consolidate debt? Whatever your goals may be, Delta Community Credit Union’s Home Equity Loans is here to get you there.

View Our Home Equity Loan Rates and More:

Who is this product right for?

Someone who is interested in using the equity in their home for a specific project and would like fixed payments for the life of the loan.

Related Articles

  • What is a Home Equity Line of Credit (HELOC)
  • What is a Home Equity Line of Credit?
    A Home Equity Line of Credit is a revolving line of credit secured by the equity in your home. This loan allows you to have a line of credit based on the equity in your property. Advances of credit may be used for whatever you desire.

    Delta Community CU offers first and second mortgages in the following states:

    • Alabama
    • California
    • District of Columbia (DC)
    • Florida
    • Georgia
    • Indiana
    • Kentucky
    • Minnesota
    • New York
    • North Carolina
    • Ohio
    • South Carolina
    • Tennessee
    • Texas
    • Utah
    • Virginia
    *Delta Community CU may approve loans greater than $250,000.




  • Joint owner apply for home equity loan
  • Can a joint owner on a 1st Mortgage apply for a Home Equity Loan? If so, does the joint owner on the 1st Mortgage already need to be a member with Delta Community CU? In order for the joint property owner to be able to apply for a Home Equity Loan, they will have to be on the Mortgage Deed and they have to be a member of Delta Community CU with their own Primary Savings Account. All property owners are required to sign closing documents.

  • Adding person to Home Equity Loan without being a joint owner
  • Can the person who is on a deed be included on the Home Equity Loan without becoming a joint owner?

    Yes, a person on a deed can be included on the Home Equity Loan without becoming a joint owner on the member's account.

  • Adding on to Home Equity Loan
  • How can I add additional funds to my existing Home Equity Loan? To apply for an increase and add more money to your existing Home Equity Loan, you may apply online. For additional information about Home Equity loans, click here. You may always submit your questions online by sending a secure message from your Secure Email within Online Banking located under Alerts and Notifications or call 1-800-544-3328 or 404-715-4725.





  • Refinance mortgage and borrow from equity in my home
  • I would like to refinance my first mortgage and borrow some of the equity I currently have in my home. How can I do this?
    For inquiries regarding the purchase or refinance of a home you can access the mortgage rates and the application online by clicking here.

Apply Now for Your Home Equity Loan

Apply for a Home Equity Loan and you might even receive an instant approval based on your credit report.

Have Home Financing or Other Mortgage Questions?

Contact us at 1-800-544-3328 to speak to one of our Home Loan Specialists that is closest to you. We look forward to speaking with you soon.

 

Who is this product right for?

Someone who is interested in using the equity in their home for a specific project and would like fixed payments for the life of the loan.


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