Home Equity

Q: How is home equity calculated?

Home equity is calculated by taking your home's current market value and subtracting your remaining mortgage balance. A $300,000 home with $180,000 still owed, for example, has $120,000 in equity.

Q: What's the difference between a Home Equity Loan and a HELOC?

The difference between a Home Equity Loan and a HELOC is how you receive and repay the funds. A Home Equity Loan gives you one lump sum with a fixed rate and steady monthly payments. A HELOC lets you draw funds as needed during a draw period, typically at a variable rate. Get a full breakdown in this article.

Q: How much of my equity can I access?

The amount of equity you can access is typically 80–90% of your available home equity, depending on individual qualifications.

Q: Why choose a home equity loan over a credit card?

A home equity loan can offer a lower rate than a credit card because your home secures the loan, though your exact rate and terms depend on your qualifications and property.

Turn Your Equity
Into Options

Use a Home Equity Loan or HELOC to fund a renovation, manage a major expense, or consolidate higher-interest debt.

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Access Cash Without Touching Your Savings

No Application Fee

Apply for a Home Equity Loan or HELOC with no application fee.

Funds for Any Purpose

Use available funds for renovations, tuition, debt consolidation, or another large expense.

Local Lending Decisions

Work with a Twin Cities team that reviews and decides on your loan.

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Two Ways to Use Your Equity

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Fixed-Rate Home Equity Loan

Borrow one lump sum with a locked-in rate and steady monthly payments.

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Lockable HELOC

Draw funds as you need them and pay interest only on what you use.

Calculate Before You Borrow

Enter your loan amount and term to estimate your fixed-rate Home Equity Loan payment.

CALCULATE YOUR PAYMENT

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Your Guide to Home Equity Borrowing

See what to expect during the application process, from required documents to closing.

DOWNLOAD THE GUIDE

CCCU helped us secure a home equity line of credit so that we were able to do a reconstruction of our kitchen. The HELOC allowed us to spend the amount needed to get the kitchen of our dreams!

— Brian O, CCCU Member

With a home loan, we were able to solve a moldy basement problem, and upgrade our 30-year-old deck. City & County has helped make a needed repair possible with their low rates and guidance in borrowing. We can't thank them enough.

— Jennifer D, CCCU Member

Home Equity FAQs

How is home equity calculated?

What's the difference between a Home Equity Loan and a HELOC?

How much of my equity can I access?

Why choose a home equity loan over a credit card?

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Put Your Plans in Motion

Apply online, or talk with a CCCU lender about funding your project or major expense.

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Home Equity

Turn Your Equity
Into Options