Home Equity Loan

A Home Equity Loan with CFCU gives you the flexibility you need in life using the equity in your home. Consolidate debt, renovate or use it for a big life event ... the ability to choose is in your hands with our help! We make it easy and even offer No Closing Cost Home Equity Loans, to ensure you get the most out of the equity you have built.

Right now our rates are as low as 3.25%APR*

for either a Home Equity Loan or Home Equity Line of Credit

Apply Today!

or CALL us at 607-257-8500 or 800-428-8340 (both at ext.3291)

*APR=Annual Percentage Rate. 3.25% APR is as low as for 5-year fixed rate Home Equity Loan. 3.25% APR is for 15-year Line of Credit (HELOC). HELOC rates are variable and shown as low as with a maximum APR of 16.00%. Actual APR determined by loan term and/or credit score. Credit scores are determined by the Credit Reporting Agency. Additional requirements may apply such as minimum and maximum loan amounts and maximum loan to value. Required 3-year recapture period applies to No Closing Cost loans. Loans subject to approval. Equal Housing Opportunity. Membership eligibility requirements apply. Federally Insured by NCUA. NMLS #299582.


  • 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.)


Table data for Home Equity Loan Rates
 Rates as of 12/1/2020
Annual Percentage Rate as low as Term Alert Me
3.25% 60 months Receive a notification when this rate changes
4.00% 120 months Receive a notification when this rate changes
4.50% 180 months Receive a notification when this rate changes
5.50% 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.


The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau's Web site (www.consumerfinance.gov/hmda).


CFCU is registered with the New York State Superintendent of Financial Services. You may file complaints and obtain further information about CFCU by contacting the New York State Department of Financial Services Consumer Assistance Unit at 1-800-342-3736 or at www.dfs.ny.gov.