HOME EQUITY

FROM EQUITY TO EVERYDAY POSSIBILITIES

A home equity loan or home equity line of credit (HELOC) allows homeowners to tap into the value they’ve built in their home to fund major expenses or consolidate debt. A home equity loan offers a fixed interest rate and predictable payments—ideal for one-time projects like renovations or large purchases. A HELOC works more like a credit card, providing a revolving line of credit with flexible access to funds, often at variable rates. Both typically offer lower interest rates than unsecured loans and can be smart tools when used responsibly.

Let’s see what’s possible. Talk with us about accessing your home’s equity—rates as low as 6.75% APR.

Call our Loan Zone at (216) 478-0067 or complete the form below.

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HOME EQUITY LOAN

20 Year

as low as 5.49% (5.54%APR)¹

HELOC-VARIABLE RATE

6.50%²

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¹APR: Annual Percentage Rate. Rate shown is the lowest available; actual rate may vary. This is a 20-year fixed-rate home equity loan available for qualified borrowers. Loan covers single-family, owner-occupied primary residences with a maximum loan-to-value of 79.99% and a minimum FICO credit score of 760. Loan must be in first lien position and may not be used to pay off existing OC Federal Credit Union loan balances. Minimum loan amount is $25,000; maximum loan amount is $350,000. Property insurance is required, including flood insurance if applicable. A sample loan of $185,000 loan at 5.49% rate (5.54% APR) for 240 months would result in monthly payments of $1,277.04

2APR: Annual Percentage Rate. The APR is variable and tied to the Prime Rate published in the Wall Street Journal, minus 0.25%. As of June 1, 2026, the APR would be 6.50% and may adjust monthly. This offer is for new first‑position home equity lines of credit or the refinance of a first‑lien home equity line from another financial institution and may not be used to pay off existing OC Federal Credit Union loans. Rates are based on a combined loan‑to‑value (CLTV) of up to 79.99%, an owner‑occupied property lived in for 6-months or more, and a minimum FICO score of 760; higher rates may apply depending on creditworthiness and CLTV. All loans require credit approval. Loan amounts range from $25,000 to $450,000, and appraisal may be required. A $99 annual fee applies. Property insurance is required, including flood insurance if applicable. The APR ranges from a minimum of 4.50% to a maximum of 17.99%. The drawing period is 10 years, followed by a 10‑year repayment period.

No escrow account will be established or serviced in connection with this transaction. Borrower is solely responsible for payment of property taxes, insurance premiums, and other property-related obligations. This arrangement may have tax consequences. Parties are encouraged to consult their tax advisors. Actual terms and conditions may differ from sample loan. NMLS#413040. Equal Housing Lender.

All offers are subject to credit approval, internal lending policies, applicable terms, membership eligibility, and may change at any time. Membership eligibility requires the purchase of a $5.00 membership share held in a share savings account. Equal Housing Lender. NMLS #413040.

HOME EQUITY OPTIONS

HOME EQUITY LINE OF CREDIT

A home equity line of credit (HELOC) gives you the flexibility to borrow only what you need, when you need it. No interest payments are paid for money that is not used. The variable interest rate is based on the prime interest rate posted in the Wall Street Journal.

Your rate will depend on credit limit, credit qualifications, and loan-to-value (LTV) ratio.

These terms are for 1^st lien position only. Terms may be different for different products.

Credit line up to $450,000
$25,000 minimum credit line amount.
Access funds by check, credit card, or transfer to your OC Federal checking account
10-Year draw period
Repayment period up to 10 years beyond
Up to 79.99% loan-to-value (LTV) ratio
No transaction fees
No prepayment penalty and no early termination penalties if HELOC is kept open for two years or more
Annual maintenance fee of $99

HOME EQUITY LOAN / FIXED SECOND MORTGAGE

A home equity loan (or fixed second mortgage) allows you to borrow what you need with a fixed rate and payment for the life of the loan.

Your rate will depend on credit limit, credit qualifications, and loan-to-value (LTV) ratio.

Loans up to $350,000
Terms from 5 years to 15 years
Competitive low fixed rates
Fast and easy approval process
Up to 79.99% loan-to-value (LTV) ratio
Low minimum payments
No prepayment penalty and no early termination penalties if HEL is kept open for two years or more

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