Home Equity

Turn your equity into opportunities

Whether you want to leverage your home equity as a financing option or you don't have much equity yet, we've got the perfect loan for you.

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Equity loans as unique as your home

²5.50% introductory APR available for the first 12 months that the line of credit is open. Rate will then be variable monthly based on Prime Rate as published in the Wall Street Journal (Western Edition) + 0.50% - however, from 04/01/2023-03/31/2025, we will charge Prime Rate only and not the additional .50%. Rate will not exceed 9.00% APR.

Why choose an Oregonians equity loan?

We know you've got a lot of options, but our equity loans come with incredible service and great features:

• Terms up 10 years for loans and 15 years for equity lines
• 10-day grace period on monthly payments
• Loan amounts up to $250,000
• Loans for primary, secondary and rental residences
• Loans for homeowners with little or no equity

Don't take our word for it

Here's what our members have to say:

 Limited time Home Equity Line of Credit Intro Rate offer

With an intro rate this great, our Home Equity Line of Credit presents you with a compelling source for financing whatever you need. Our HELOC lets you pull funds as you need them and on-the-spot. With an Oregonians checking account and our mobile app, you can make transfers from your mobile phone quicker than it takes to get through the cashier's line at Home Depot.

In addition to one of the lowest rates offered in the state of Oregon, our HELOC comes with these great features:

• Up to 80% LTV
• Borrow between $10,000 and $100,000
• Primary, secondary or rental property loans
• No pre-payment penalties

Text HELOC to 503.833.5170 to chat with us about HELOCs.
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¹APR = ANNUAL PERCENTAGE RATE. 

²Home Equity Line of Credit (HELOC) disclosure: You don't have to be a member to apply. 5.50% introductory APR available for the first 12 months the line of credit is open. Rate will then be variable monthly based on Prime Rate as published in the Wall Street Journal (Western Edition) + 0.50% - however, from 04/01/2023-03/31/2025, we will charge Prime Rate only and not the additional .50%. Rate will not exceed 9.00% APR. Intro Rate offer not available on existing Oregonians equity loans. Minimum monthly payment is the greater of 1% of the balance or $125. $25.00 annual fee. Maximum credit limit of $100,000. Member pays closing costs, which range between $125 – $2500 (estimate), to include flood certification, appraisal, title insurance, and escrow fees if required.  An appraisal maybe required if your LTV is over 75% of tax assessed value. Maximum LTV of 80% for owner-occupied properties and 75% for secondary or rental properties. Appraisal maybe required if LTV is over 75% of tax assessed value. No condominium loans. Consult your tax advisor for your deductibility status. 

Lock in your rate with our Home Equity Loan

Worried about rate increases? Don't want the freedom to overspend on your project? This one-time purpose loan is perfect for high-balance projects. Whether you want to renovate half your home, complete an addition, or consolidate other high-interest debts, this locked-in rate loan's right for you. 

• Up to 80% LTV
• Borrow between $10,000 and $250,000
• Primary, secondary or rental property loans
• No pre-payment penalties

Text EQUITY to 503.833.5170 to chat with us about home equity loans.

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³Home Equity Loan disclosure: You don't have to be a member to apply. Maximum loan amount of $250,000. Rates quoted are the lowest rate available, but your actual rate will be based on the evaluation of credit history, CLTV (combined loan-to-value) ratio, loan amount and occupancy. Home Equity Loans are fixed-rate loans. All loans and lines of credit subject to credit approval. A sample home equity loan monthly payment based on $100,000 borrowed at 8.350% APR for 20 years is $858.35. Taxes and insurance not included; therefore, the actual payment obligation will be greater. Member pays closing costs, which range between $125 – $2500 (estimate), to include flood certification, appraisal, title insurance, and escrow fees if required. An appraisal maybe required if your LTV is over 75% of tax assessed value. Maximum LTV of 80% for owner-occupied properties and 75% for secondary or rental properties. No condominium loans. Consult your tax advisor for your deductibility status. 

Fix it up with our Home Improvement Loan

No equity? No problem. Sometimes home repairs come knocking unexpectedly, and this loan's here to save the day. With little or no equity, our Home Improvement Loan can help you make the repairs you need. 

• No home equity needed
• Borrow between $3,000 and $35,000
• Terms up to 10 years
• Owner-occupied homes only

Text IMPROVE to 503.833.5170 to chat with us about home improvement.

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⁴Home Improvement Loan disclosure: You don't have to be a member to apply. Rates quoted are the lowest rate available, but your final rate will be based on creditworthiness and other factors. All loans and lines of credit subject to credit approval. Rates are based on an evaluation of credit history and other factors specific to your loan and may be higher than the lowest rate published. Rate will not exceed 9.5% APR. Owner-occupied homes only. No condominium loans. One-time fee (includes loan fee, flood determination fee and recording fee) typically doesn't exceed $300. Proceeds from this loan must be used strictly for home improvements. Documentation of improvements, costs, and before and after photos may be required in some circumstances.   

Equal Housing Lender - Oregonians Credit Union NMLS #403533

Oregonians Licensed Mortgage Originators