Home Equity Loans

What Does Your Home's Equity Look Like in 2025?

We’re giving away $100 Amazon Gift Cards to the first 25 Home Equity Loan or HELOC closings this summer!¹ Apply today!

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What Product Is Right For Me?

With each mortgage payment, you've been adding to the equity in your home. Equity is the difference between what your home is worth and how much you still owe. You can apply for a Home Equity Loan or Home Equity Line of Credit depending on your needs. 

Home Equity Loan

Choose a lump sum payout with a fixed rate and term. This option provides the confidence in knowing the amount of your monthly payment. Plus, you could borrow up to 100% of your home’s value.

Home Equity Line of Credit (HELOC)

Select a variable rate line of credit if you want to have access to funds for needs now and into the future. Use funds as you need, up to your credit limit. You can take advantage of a flexible 10-year draw period and borrow up to 90% of your home’s value. This option offers the flexibility to reuse funds for some of your ongoing needs.  

Both Home Equity Solutions Offer:*

• Historically Low Rates
• No Out-of-Pocket Cost or Appraisal Fees
• 30-Day Rate Guarantee on qualified applications
• Interest may be Tax Deductible

Ready to get started? The application process takes a few minutes and we can close on most loans within 30 days or less. Simply, gather all the required documentation and either APPLY FOR A HOME EQUITY LOAN HERE or give us a call (301.627.2666) and schedule an appointment to speak with a Home Equity Specialist today.

Click here to apply for a Home Equity Loan. This application is not an electronic submission- once completed, please fax or email your application to LaShawnda Gallmon.

• Fax: 240-556-1142
• E-mail: [email protected]

***APR= Annual Percentage Rate. Rates are based upon the appraised home value and the combined loan-to-value (CLTV) of the first and second mortgage as well as credit. Available on owner occupied primary residential properties and vacation homes in most states and the District of Columbia, except Alaska, Hawaii, and Texas. The home equity loan has a fixed rate that is a fully amortized loan for the life of the loan (no balloon payment). The Home Equity Line of Credit (HELOC) has a variable interest rate that is based on the Wall Street Journal Prime Rate and is subject to change quarterly. The monthly payment on a HELOC is 1.00% of the outstanding balance established and fixed at the time of each advance. The floor is 4.00%. The rate cannot increase or decrease by more than 2.00% in a calendar year, and the maximum rate is 18.00%. If the credit union pays the closing costs and the HELOC or Home Equity Loan is terminated within two years, the closing costs must be reimbursed by the borrower.  ¹$100 Amazon gift cards will be awarded to the first 25 Credit Union members who close on a Home Equity Loan or Home Equity Line of Credit (HELOC) between July 1st, 2025 and August 31st, 2025. All rates and terms are subject to change without notice and other restrictions may apply. Please consult your tax advisor on all tax matters. Contact us for details.