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Home Equity

Home Equity Loans and Lines of Credit

The equity you've built in your home is a powerful tool. Whether you want to invest in sustainable home upgrades, pay for college, or consolidate debt, your home equity can help you reach today’s goals and build a better future.

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Service Area:
We generally limit home equity lending to the Greater Syracuse region. Learn more about who can join Cooperative Federal.

Coop Fed offers two types of Home Equity loans:

  • Home Equity Lines of Credit (HELOCs) allow you to draw down funds on a revolving basis for up to 15 years. Your monthly payments are based on the amount you owe at a given time at adjustable interest rates.
  • Home Equity Loans are closed-end loans that have fixed interest rates and flat monthly payments.

You can use a Home Equity Loan or HELOC for practically anything. Invest in your home, your community and your future. Popular home equity loan uses include:

  • Home improvement or repair
  • Appliances
  • Energy conservation
  • Solar electric installation
  • Debt consolidation
  • Property tax refinance
  • College tuition / educational expenses
  • Small business expenses
  • Other cash out

Because Home Equity Loans and HELOCs are secured by a lien on your home, they may have tax benefits. Consult your tax advisor for details and guidance.

Loan Rates

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All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice. Contact us for current rates, terms, and conditions.