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If you own your home, your best loan might be right under your roof.

Make Your Home Renovations a Reality!

Now through July 31, 2021

Get started with a Home Equity Line of Credit and receive a $100 Home Depot Gift Card^

  • Rates as low as 4.00% APR*
  • No closing costs2
  • Apply Online or Call 202-318-1991, option 1

    Your equity may surprise you. In case you haven’t noticed, home values have been back on the rise. You may have more equity in your home than you thought! If you see big expenses on the horizon, it may be time to put your equity to work.
    You can also use your home equity loan or line of credit to provide the funds to consolidate bills and get your financial house in order. Roll multiple high-rate loans into one monthly payment. You may be able to lower your rates and get a low monthly payment.

    Access the equity in your home

    When you have equity in your home, you have options. You can use that equity to pay for home improvement projects, college tuition or debt consolidation..

    Home Equity Line of Credit

    A Home Equity Line of Credit allows you to borrow money for up to 10 years from the equity you have in your home any time you need it. Plus, you'll have up to 10 years to repay the balance. Your monthly payment is based only on the amount being used.1 Here are some other great features of our Home Equity Line of Credit:
    • No closing costs2
    • Credit line up to $250,000
    • Financing options up to 90% of your home's appraised value3
    • Possible tax benefits4

    Fixed Home Equity Loans

    With a Fixed Home Equity Loan you can take advantage of the equity in your home to pay for a large, one-time expense such as a home improvement project or debt consolidation.5

    • No closing costs2
    • Borrow up to $250,000
    • Financing options up to 90% of your home's appraised value3
    • Flexible repayment terms: Up to 15 years
    • Possible tax benefits4


    1 Payments are based only on the amount being used with a minimum payment of 1.50% of the outstanding month-end balance.
    2 An initial advance of $10,000 is required at closing. In addition, the line of credit must remain open for 36 months. Loans paid off and closed in less than three years from the loan origination date will require reimbursement of all closing costs paid by EP Federal Credit Union.
    3 Loans subject to credit qualifications and approval. All applicants must meet membership eligibility requirements. Rates subject to change without notice. Home equity products are not available in Texas. Some restrictions may apply to loan to value financing amount. Property insurance is required.
    4 Consult your tax advisor to determine whether the interest is tax deductible.
    5 Fixed rate, closed-end loan with one-time disbursement.
    ^$100 gift card to The Home Depot® will be given to any member who closes on a home equity line of credit with EPFCU now through July 31, 2021 and takes an initial draw of at least $10,000 at closing. The gift card will be distributed at the time of loan closing. Normal credit criteria and underwriting applies. Rates for approved loans are based on applicant’s credit history. Offer valid for new HELOCs only and is not available for refinances of existing EPFCU HELOCs. Home equity products are not available in Texas. Other restrictions may apply and rates are subject to change without notice. EP Federal Credit Union is not affiliated with The Home Depot®. The Home Depot® is not a sponsor of this promotion. The Home Depot® is a registered trademark of Home Depot Product Authority, LLC.

    Home Equity Loan Rates

    Effective Oct 1, 2021Print

    Loan Type Term Margin APR* Financing Information Est. Monthly Payment
    Home Equity Line of Credit Open-end -0.25 4.00% Variable Rate; Maximum Rate 18% APR* $15.00/per $1,000 Borrowed
    Home Equity Loan†† Up to 10 Years 4.00% Fixed $10,000 - $250,000 $506.33 for $50,000 over 120 months
    Home Equity Loan†† Up to 15 Years 4.50% Fixed $10,000 - $250,000 $382.61 for $50,000 over 180 months
    *APR=Annual Percentage Rate. Actual rate may vary, is subject to change without notice and is based on applicant’s credit score. Not all applicants will qualify for the lowest rate. Loans are made only on personal residences within 150 mile radius of our main office. Property insurance required. Credit Union pays all closing costs. Repayment of closing cost required if loan is paid off within three years. Estimate of closing costs on an $80,000 Home Equity Loan are $1,500. The interest you pay may be tax deductible. Ask your tax adviser if you are eligible. Other restrictions may apply.
    Home Equity Line of Credit is a variable rate, open-end loan. Rate is indexed to the Wall Street Journal Prime Rate (currently 3.25% as of 3/16/2020) plus/minus any applicable margin. There is a minimum rate/floor APR of 4.00% and a maximum ceiling APR of 18.00%. Not all applicants will qualify for lowest rate. Minimum loan is $10,000 Lifetime 
    ††Home Equity Loan is a fixed rate, closed-end loan with one-time disbursement.

    Get started today:

    EPFCU Home Equity lending products are available to members with property located within 150-mile radius of Main Office located at 13th & C Streets, SW, Washington, DC 20228. Contact us to confirm your property's eligibility.


    †††You must be eligible for membership in EP Federal Credit Union in order for your loan application to be considered. See for eligibility requirements.