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Reminder: Burt Street Office Closing Permanently beginning Monday, June 8.

Due to I-81 construction and roadwork, our last day at 516 Burt St will be Friday, June 5. We are sorry for the inconvenience! CoopFed is working together with Syracuse Housing Authority to identity a new location for our office. In the meantime, please visit our other locations.

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.