Home Equity Loans

Life is full of surprises

Use your home’s equity for whatever comes your way.

Apply for a Home Equity Loan

Questions? We can help.

Benefits of Using Your Home’s Equity

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“When my kitchen flooded, I needed funds to repair the damage – and fast! The process couldn’t have been easier with Connexus. I filled out the application online, the appraisal was completed online, and I had my funds within ten days of applying.”

Nicole

Wisconsin

Today’s rates

Home Equity Line of Credit (HELOC)

Standard HELOC

Home Equity Loan Rates – Standard
Intro Rates‍1Rates‍1APRMonthly Payment‍1
5.99% until October 1, 20248.74% after intro period.8.74%1.5% of the amount borrowed ($25 minimum).
6.49% until April 1, 2025
Rates accurate as of 10/15/2025
 Apply now

Interest-Only HELOC

Home Equity Loan Rates – Interest-Only
Intro Rates‍2Rates‍2APRMonthly Payment‍2
5.99% until October 1, 20249.24% after intro period.9.24%Interest due based on the amount borrowed
6.49% until April 1, 2025
Rates accurate as of 10/15/2025
 Apply now

Home Equity Loan

Home Equity Loan – Term Tiers
Term‍3RatesAPRMonthly Payment‍3
5 years6.89%7.20%$987.47
10 years7.89%8.08%$603.74
15 years8.99%9.15%$506.84
Rates accurate as of 10/15/2025
 Apply now

Calculators

Which Home Equity product is best for you?

Home Equity Products
Loan Details
Home Equity LoanStandard HELOCInterest-Only HELOC
Helpful IfYou need a specific amount right nowYou need money over timeYou need money over time
How it WorksBorrow up to 90% of your home’s equity and receive all the money at signingBorrow money as you need it up to your line of credit limitBorrow money as you need it up to your line of credit limit
Rate TypeFixedVariableVariable
Available Terms60-180 months15 year draw, 15 year repayment15 year draw, 15 year repayment
Minimum PaymentDependent on loan details1.5% of amount borrowed ($25 minimum)Interest-only payment based on amount borrowed

Learn more about Home Equity

NerdWallet Names Connexus Best Mortgage Lender for HELOCs

For the fourth year in a row, Connexus has clinched a top spot on NerdWallet’s Best-Of Awards list. Find out why Connexus won and what sets our Home Equity Lines of Credit (HELOCs) apart from our competitors.

Home Equity 101: Everything You Need to Know

How much do you know about home equity? We’ll break down the key factors, so you can make the most of this resource whenever you need it.

The Differences Between Home Equity Products

Find out the differences between Home Equity Loans and Lines of Credit, and discover what they’re commonly used for.

FAQs: You asked. We answered.

Home Equity Loans & HELOCs

Can I protect myself with Life, Disability, and Unemployment coverages on my loan?

Yes, debt protection is available for all Home Equity Loans and Lines of Credit. See more info about our coverages or start a claim now.

Can I get a Home Equity Loan or HELOC for my second home or one of my investment properties?

We do not offer Home Equity Loans or HELOCs for investment properties; however, you can get a Home Equity Loan or HELOC for a second home if the property meets our eligibility standards. Eligible property types include primary residences and second homes (located at least 50 miles from the primary residence). Properties must be one of the following: single-family homes, 2-4-unit condominiums, owner-occupied duplexes, or townhouses.

Can I get a Home Equity Loan or HELOC anywhere in the United States?

You can get a Home Equity Loan or HELOC for properties throughout the United States, with the exception of properties in Hawaii, Alaska, Maryland, and Texas.

How are my HELOC payments determined?

Your payment will be 1.5% of the amount borrowed. If you have a credit limit of $20,000, but only draw out $5,000, you would pay 1.5% on the $5,000 balance. If you have an interest-only HELOC, the monthly payment will be the interest accrued during the month.

I don’t know which Home Equity product is best for me. How do I choose?
If you’re unsure which product is right for you, our team can provide a personalized recommendation based on your financial situation. Call 800.845.5025 to get started.
How much equity do I need in my home to get started?
You generally need to have at least an 80% Loan-to-Value ratio after the loan in order to be considered. That means you must have made enough payments on your home to own at least 20% of it. If you have 20% equity, you’re more likely to be considered for a Home Equity Loan or Line of Credit. For more detailed information, please call our team at 800.845.5025.

Disclosures

See our Fee Schedule for a list of fees you may encounter.

APR=Annual Percentage Rate

  1. 5.99% is an introductory rate lock available until October 2024. Non-introductory rate is 8.74% APR and is current as of 10/15/2025. Introductory rate reflects all available discounts. Loan is subject to credit approval and actual rate is based on applicant’s credit history and terms of the loan. Rates and terms are subject to change after the introductory rate lock period ends. After the introductory period the rate is variable and can adjust semi-annually in April and October based on a 12-week average of the 1-Year Treasury Constant Maturity Rate plus a margin; currently 8.74% APR. Maximum rate is 15.9% APR. Payment is based on 1.5% of amount borrowed, with a minimum payment of $25. Finance charges begin to accrue on the day an advance is made. Minimum loan amount $5,000. No annual fee. Credit Union membership required. Separate payment of taxes and insurance may be necessary. Depending on loan terms and property location, borrower paid closing costs can range from $175 to $2,000. Product not available in Maryland, Texas, Hawaii, and Alaska.
  2. 5.99% is an introductory rate lock until October 2024. Non-introductory rate is 9.24% APR and is current as of 10/15/2025. Introductory rate reflects all available discounts. Loan is subject to credit approval and actual rate is based on applicant’s credit history and terms of the loan. Rates and terms are subject to change after the introductory rate lock period ends. After the introductory period the rate is variable and can adjust semi-annually in April and October based on a 12-week average of the 1-Year Treasury Constant Maturity Rate plus a margin; currently 9.24% APR. Maximum rate is 15.9% APR. Payments are interest only and are based on the amount borrowed. Borrow at a variable 5.99% APR; estimated monthly payments of $49.92 per $10,000 borrowed. Finance charges begin to accrue on the day an advance is made. Minimum loan amount $5,000. No annual fee. Credit Union membership required. Separate payment of taxes and insurance may be necessary. Depending on loan terms and property location, borrower paid closing costs can range from $175 to $2,000. Product not available in Maryland, Texas, Hawaii, and Alaska.
  3. Advertised rate reflects all available discounts and is current as of 10/15/2025. Rate is fixed for the term of the loan. Rates and terms are subject to change. Loan is subject to credit approval and actual rate is based on applicant’s credit history and terms of the loan. Borrow $50,000 at an interest rate of 8.99% at up to 80% LTV for 15 years with estimated monthly payments of $506.84. Minimum loan amount $5,000. Credit Union membership required. Separate payment of taxes and insurance may be necessary. Depending on loan terms and property location, borrower paid closing costs can range from $175 to $2,000. Product not available in Maryland, Texas, Hawaii, and Alaska.