Home Equity
Leverage Your Home Equity
Home equity loans and home equity lines of credit (HELOC) are both great ways you can leverage your home's equity to free up funds. The equity in your home is the difference between the market value of your home and any outstanding loans.
With a home equity loan or HELOC from ProFed Credit Union, you'll free up funds for things like debt consolidation, home improvement projects or repairs, traveling, big purchases, or performing stylish home renovations.
Home Equity Loan or HELOC? If you need a lump sum for a specific task, consider our fixed-rate home equity loan. This is also known as a second mortgage. Much like a credit card with the freedom to borrow as you please, our home equity line of credit lets you access funds whenever you need, with no annual fee.
There's no reason to delay leveraging your home's equity to fix up, consolidate or jet-set. Get started today!
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Home Equity Loan |
Home Equity Line Of Credit |
|---|---|
BenefitsFlexible and fixed repayment plan Low closing costs |
BenefitsBorrow and repay as needed (up to credit limit) No annual fee |
RequirementsFixed interest rate Up to 15 year term with no prepayment penalty |
RequirementsVariable interest rate Up to 10 year term |
Home Loan Rates
Apply Now| Loan Product | Maximum Loan to Value (LTV) | Minimum Loan | Term | Rate as low as | APR* as low as |
|---|---|---|---|---|---|
| Conventional Mortgage | Up to 100% LTV | No Minimum | 10, 15, 20, 30 Year - Fixed Rate | Click here for current rates | First-Time Homebuyer | Up to 97% LTV | No Minimum | Up to 30 years - Fixed Rate | Click here for current rates |
| USDA Loan | Up to 100% LTV, 101% with Guarantee USDA Fee | No Minimum | 30-year Fixed Term | Contact us for current rates | ARM Loan | Up to 100% LTV | No Minimum | 5/1 & 7/1 - Variable Rate | Click here for current rates | Construction Loan | Up to 95% LTV | No Minimum | Flexible Terms - Fixed Rate | Click here for current rates |
| Land Loan | Up to 75% LTV | No Minimum | 15-year Fixed | Contact us for current rates | $475 Refi | Up to 80% LTV | No Minimum | Up to 180 Months - Fixed Rate | Click here for current rates |
| Renovation Loan | Up to 97% LTV | No Minimum | Up to 30-year Fixed Rate | Contact us for current rates | |
| Home Equity Loan | Up to 80% LTV | $10,000 | 12 - 120 Months - Fixed Rate | 7.490% | 7.490%** |
| Home Equity Loan | Up to 81 - 90% LTV | $25,000 | 121 - 180 Months - Fixed Rate | 7.740% | 7.740%*** |
| Home Equity Line of Credit | Up to 80% LTV | $10,000 | 120 Months - Variable Rate | 6.750% | 6.750%**** |
Membership at ProFed is required. *The annual percentage rate (APR) listed are our best rates. Home Equity Rates were last updated on 2/11/26. Your rate may vary depending on your credit score. **Annual Percentage Rate is based on a loan amount of $10,000 and a term of 120 months. ***Annual Percentage Rate is based on a loan amount of $25,000 and a term of 180 months. ****The Rate for the Home Equity Line of Credit is based on prime (index), as published in the Wall Street Journal on the last day of the month, plus a margin. The Annual Percentage Rate is based on a $10,000 line of credit.
HELOC vs. Home Equity Loan: Which Is Right For You?
Using A HELOC vs. Home Equity Loan For A Remodel
Home Equity Loans vs. Refinancing
Frequently Asked Questions
A ProFed home equity loan lets you tap into the value of your home with a one-time lump sum and a fixed rate. It’s a smart way to fund home improvements, consolidate debt, or cover major expenses—while keeping your payments predictable.
With ProFed, you can typically borrow up to 80–90% of your home’s equity, depending on your financial profile. Our local lenders will help you determine how much you qualify for based on your home’s value and your goals.
A home equity loan gives you a lump sum with a fixed rate—perfect for one-time expenses. A HELOC offers a revolving line of credit with flexible access to funds as you need them. ProFed offers both, so you can choose what fits best.
Use your home’s equity to remodel your kitchen, pay for education, consolidate high-interest debt, or make major purchases. The possibilities are wide open—and the rates are typically lower than credit cards or personal loans.
With ProFed, you’ll enjoy competitive fixed rates, local decision-making, flexible terms, and personalized member service every step of the way.
If you want a fixed payment and a predictable payoff schedule, a home equity loan is a great option. For ongoing access to funds, a HELOC might be better. ProFed’s team can help you compare both.
Most home equity loans are approved in 2 to 4 weeks. Our local lending team makes the process simple, fast, and transparent—from application to funding.
Yes! ProFed’s home equity loans come with fixed interest rates and steady payments, making it easier to plan and budget.
Absolutely. Your ProFed home equity loan is a second loan secured by your home. It works alongside your existing mortgage and gives you another way to put your home’s equity to work.
You can apply online, visit your nearest ProFed branch, or speak with a local loan officer. We’ll review your home’s value, explain your options, and help you use your equity wisely.