Home Loans

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Home Equity Loans

Turn the roof over your head into a source of flexible funds

Start imagining the possibilities by using the equity in your home to get the cash you need. For a limited time, we are waiving the initial application fee on our home equity loan products1. We offer fixed loans and variable lines of credit — both at competitive rates.

Summary
  • Competitive, fixed rates for several short-term or one-time needs:
    • Education expenses
    • Major life events
    • Home remodel projects
    • Special vacation
    • Consolidating high interest loans
    • And much more!
  • The existing equity in your home is used as collateral backing
  • Pay no points and no closing costs*
  • Accommodating repayment terms that work uniquely for you
  • The interest paid might be tax deductible**
  • Local decision-making and processing right here in Delaware
  • Attentive, friendly service from start to finish
  • Loan products are not federally insured by NCUA

Have a question? Call us at 302-739-4496 to speak to one of our lenders.

View our current rates.

Home Equity Line of Credit (HELOC)
  • Competitive, variable rates for several ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • And much more!
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit – as principal is repaid, more becomes available for use
  • Funds easily available through checks or via in-person or phone transfers to a specified Del-One FCU checking account
  • The interest paid might be tax deductible**
  • Set up automatic payments to be deducted from your account monthly
  • Local decision-making and processing right here in Delaware
  • Attentive, friendly service from start to finish
FAQs
Put your home to workGet flexible financing for a range of needs

*Conditions/restrictions apply. NMLS ID# 543572

**Consult a tax advisor.

1No Initial Application Fee on Home Equity loans and Home Equity Lines of Credit applications received between 5/1/18-6/30/18. Initial Application fee waived upon loan pre-approval. Del-One Federal Credit Union reserves the right to terminate the program at any time. Offer Subject to membership eligibility and credit approval. HELOCs are variable-rate loans. Rates are based on an evaluation of credit history, CLTV (combined-loan-to-value) ratio, loan amount and occupancy, so your rate may differ. The Fair Housing Act, makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. A list of current Del-One Federal Mortgage Loan Originators is available upon request. Consumers may access the registry via the web at www.nmlsconsumeraccess.org or they may contact the NMLS Call Center at (240) 386-4444. Additional terms and conditions may apply. See Credit Union for details. Terms and conditions may apply.

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