Home Equity

If you ever need a ready source of cash, your home’s equity may be where to find it. With a home equity loan or line of credit, you can borrow against the equity in your home for home improvements, debt consolidation or just about anything else. We are now proud to offer two home equity options for you.

Home Equity Line of Credit (Adjustable Rate)

As low as 0.50% below Prime. Current rates range from 5.5% - 8.5% APR.

With this loan, you establish a line of credit as needed for a period of five or six years. Depending on the program you choose, you may be able to borrow from 80% to 100% of the appraised value of your home.

Actual rate to be determined by credit score and the amount of credit extended in relation to the property's value (Loan-to-Value or LTV). If the fixed rate option is exercised, the borrower's initial credit score, initial LTV and the amount of credit line extended, will determine the new rate.

Mortgage Tools

To request information about OECU's mortgage products, complete our secure online form or call 405.606.OECU.