Home Equity Loans

Need a financial plan to help cover life’s big expenses?

A home equity loan may be your solution!

Do you own your home? Maybe you’ve been there for years. With property values on the rise, there has never been a better time to look into a home equity loan to help tackles life’s large expenses.

Common Uses:

• Home Renovations & Improvements
• Cover Education Costs for your Kids
• Build a Swimming Pool
• Consolidate debt
• …and just about anything else!

Use the following formula to determine the equity available in your home:

Home Equity = 80% TIMES (x) Your Home’s Appraised Value¹ MINUS Your Mortgage Balance MINUS any Home Improvement Loans That Currently Use Your Home As Collateral = Amount You Can Borrow²

¹Appraised value is based off current local county property appraisal district values and/or 3rd party private appraisal report.
²Subject to overall credit approval. Other terms and conditions apply. Additional fees and restrictions may also apply. See CU for full details.

KEY BENEFITS:

• The loan amount can be up to 80% of the appraised value (minus all liens) of owner-occupied, principal dwelling property.
• Max 10-year-terms
• Min. loan amount $10,000 with a Max at $125,000
• Low Closing Costs + $250.00 processing fee
• Rates as low as 6.75% APR* (as of 06/2026) Subject to change. Please call to verify rates.

Simply give us a call at (405) 262-1291 or apply online below!

*APR=annual percentage rate. Subject to overall credit approval. Rates subject to change without notice. Always check with credit union for most current rates.

³Loan closing costs are low compared to our competition. Outside appraisal and title policy fees may not be required based on loan amount, term, and credit-worthiness. Please compare approval terms and conditions of other lenders with those of Correctional Workers Federal Credit Union. Speak with a loan officer for more information on approval terms.