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Home Equity Loan

Home is more than a roof over your head—use it to consolidate credit cards, 资助家装项目, 或者支付其他主要费用.

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Or call 1-800-561-9433

Home Equity Loan Interest Rate  APR  Points  Monthly Payment
10 Year Fixed 8.590% 8.777% 0.000 $622.00
15 Year Fixed 8.840% 8.977% 0.000 $502.00

Payments shown do not include taxes and insurance premiums. 利率是基于对信用历史的评估, 综合贷款价值比, loan term, and occupancy, 所以你们的利率可能会有所不同. Not all applicants will qualify for the displayed lowest rates. 年利率(APR), effective June 1, 2024, and example monthly payments are calculated using loan amounts of $50,000, a credit score of 730 or greater and combined loan-to-value of 80% for a single-family residence and estimated closing costs of $622.10年期债券是100美元,还有502美元.00 for the 15-year. A loan origination fee of $375 and a title search fee will apply. Additional state or local mortgage fees or taxes may apply. Please consult your tax advisor regarding the deductibility of interest. Programs, rates, terms, and conditions are subject to change without notice.

Home Equity Loan



  • Lock in a fixed rate for the life of the loan with a fixed monthly payment
  • The amount you can borrow is based on the equity you have in your home, 高达房屋价值的100%
  • Get the money you need upfront in a lump-sum single payout
  • Never worry about the possibility of rising interest rates
  • 10年和15年贷款选项



  • 你想要一次性支付的预付款
  • 你想要可预测的月供保持不变
  • 你想用它来支付主要开支, 比如家居装修, new car, tuition, big vacation, second home, large-ticket items, 或者其他一次性需求
  • You want to consolidate debt from other loans or credit cards




A home equity loan allows you to borrow funds using your home as collateral. 

What is “Equity”?

Equity is the current value of your home minus the amount you owe on other mortgages. The amount you can borrow is based on the equity you have in your home. 


有时被称为二次抵押贷款, a home equity loan is a lump sum of money you borrow against the equity of your home. Just as your first mortgage is secured by the property, so is the home equity loan. You may qualify for up to 100% of the appraised value of your home, 减去你第一笔抵押贷款的余额.

You repay the loan with equal monthly payments over a fixed term. Interest rates are fixed over the life of the loan to allow you to budget best. 

Prefer the flexibility of accessing available funds on an ongoing basis? Consider a 房屋净值信贷额度.

Get Started



Your Elements Home Equity Loan is best for purchases such as:

  • 计划中的家装项目
  • College (paying off student loans or paying tuition directly)
  • A second home
  • Debt consolidation

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What’s the difference between a Home Equity Loan and a 房屋净值信贷额度 (HELOC)?

所有的贷款都有利有弊, 尤其是在支付主要开支的时候. Both of the home-equity options allow you to borrow against the appraised value of your home, 在你需要钱的时候给你钱. 以下是一些不同之处:

Home Equity Loan

A home equity loan is more like your original home mortgage. You borrow a specific amount, and then you make regular payments during a fixed repayment period. You apply for the amount you need and receive the money upfront in a lump-sum single payout. Interest rates are fixed over the life of the loan so your payments never change. 


与传统贷款不同, a home equity line of credit is something you establish ahead of time and use when and if you need it. In that way, it’s similar to a credit card, except with a HELOC, your home is used as collateral. You can access as much or a little as you need from your HELOC, whenever you need it, 以结算时确定的信用额度为限. A HELOC gives you the flexibility to borrow against your home equity, repay and repeat. Interest rates are variable and often lower than a home equity loan.

Use the chart below to determine which is better for your needs. As always, your support team at Elements is ready to help you find the product that is best for you—just give us a call at 1-317-542-5055.

  Home Equity Loan 房屋净值信贷额度
What It Is




Revolving credit line for the 10-year draw—use, repay, repeat

Key Benefits


Lowest interest rate


10-year fixed: 8.777%

15-year fixed: 8.977%




Own your home




Own your home

Want the flexibility of using funds whenever you need them


Can Use It For


- College
- A second home
- Debt consolidation

Anything! Purchases such as:

- Home improvements
- College
- That big vacation
- A new car
- A second home

No Annual Fee
Available Amounts



What are the fees?

There are no prepayment penalties or an annual fee associated with a home equity loan. 成交费通常在538美元至641美元之间.



You will be given the funds in a lump-sum single payout at closing. The funds can be given to you by check or direct deposit into an account of your choosing.


We do offer consolidation loans to consolidate bills and pay off other debts. A Home Equity Loan (see information on this page) can be used for that purpose. 大多数成员可以选择的其他选项包括 Personal Loans, 房屋净值信贷额度, or even a first mortgage refinance 有一个债务合并选项.




Better Rates. Fewer Fees.

因为我们是信用合作社, we return profits to members in the form of reduced fees, 更高的储蓄率和更低的贷款利率.

Trusted Advice. Fresh Approach.

We pride ourselves in being a trusted source for financial education. We come to your workplace to answer questions and can provide you with personalized guidance about your loan.

Respected Locally. Accessed Globally.

Headquartered in Indianapolis since 1930, we rank among the top 3% of credit unions nationally1. 我们为所有50个州和50多个国家的会员提供服务. You’ll have access to 5,000+ shared branches nationwide and 78,000+ surcharge-free ATMs globally.

High Tech. Human Touch.

我们的技术使使用Elements进行银行业务变得简单. From quick digital applications to online and mobile banking, we’ll be by your side wherever you go. We’re here for you with member service available 24/7 and live chat during the workday.

Get Started

How do I apply?



  1. Apply online - 你可以在短短10分钟内在线申请! 随时提交您的申请或致电 1-800-561-9433 to get started. 你的身份证(驾照)准备好了吗, state ID, 或护照)和你的家庭收入估计, assets, 房屋价值和你为房屋支付的价格.
  2. Take our call - We'll contact you within one business day after you submit your application to go over what documentation we'll need and to answer your questions.
  3. 安排收盘时间 - We'll contact you with a decision within 10 business days and schedule a closing at a location convenient to you if approved. That's it — 你的贷款可以投入使用!

Apply Now




  1. 1 基于截至2022年12月31日的资产规模.