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Home Equity

Home Equity LoansUse the equity in your home as a smarter way to borrow with our No Closing Cost Home Equity Loans!

A Home Equity Loan with CFCU gives you the flexibility you need in life. Consolidate debt, pay for your daughter's wedding, or build the addition of your dreams... the ability to choose is in your hands with our help! We even offer No Closing Cost Home Equity Loans, to ensure you get the most out of the equity you have built.

Turn to CFCU for all of your lending needs!

Apply today!

Features

  • No prepayment penalty.

  • No closing cost option.

  • Fixed rate for length of loan.

  • Equity is the value of your home, less the existing loan balances.

  • The interest paid on the secured loan may be tax deductible. (Please consult your tax professional.)

Rates

Table data for Home Equity Loan Rates
 Rates as of 5/1/18
Annual Percentage Rate as low as Term Alert Me
3.50% 60 months Receive a notification when this rate changes
4.75% 120 months Receive a notification when this rate changes
5.50% 180 months Receive a notification when this rate changes
6.50% 240 months Receive a notification when this rate changes
No Closing Cost options are available. Rates quoted “as low as” are subject to change without notice. Rate determined by credit score, term of loan, and oil/gas lease situation. All loan applications are subject to approval. The Credit Union reviews every loan application to ensure fairness and compliance to CFCU policy. Payment per $1,000 at 3.50% for 60 months = $18.14. Payment per $1,000 at 4.50% for 120 months = $10.34. Payment per $1,000 at 5.50% for 180 months = $8.14. Payment per $1,000 at 6.50% for 240 months = $7.428. Payment examples do not include property taxes and insurance premiums.

HOME MORTGAGE DISCLOSURE ACT NOTICE

The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials. Inquire at this office regarding the locations where HMDA data may be inspected. To receive a copy of these data, send a written request to CFCU Community Credit Union, Mortgage Lending Department, 1030-1050 Craft Road, Ithaca, NY 14850.

How do I make a payment?

As with every question our members face, we try to make sure there are many convenient options to fit your lifestyle.

Learn how!

How do I make a payment?

As with every question our members face, we try to make sure there are many convenient options to fit your lifestyle.

Learn how!