Home Equity Loans

Put Your Home's Equity to Work

Your home may be one of your most valuable assets. A Home Equity Loan allows you to borrow against the equity you've built and receive the funds in one lump sum.

Whether you're planning a major home improvement project, consolidating debt, or covering a large expense, a Home Equity Loan can provide predictable payments and a fixed interest rate.

How Does a Home Equity Loan Work?

A Home Equity Loan is a type of second mortgage that allows you to borrow against the equity you've built in your home. You'll receive the loan proceeds in one lump sum and repay the loan with fixed monthly payments over a set term.

Because the loan is secured by your home, Home Equity Loans often offer lower rates than many unsecured borrowing options.

Why Choose a Home Equity Loan?

Receive Funds Up Front
Get the money you need at closing for projects and expenses with a defined cost.

Fixed Rate and Payment
Enjoy the stability of a fixed interest rate and fixed monthly payment throughout the life of the loan.

Terms Up to 15 Years
Choose a repayment term that fits your budget and financial goals.

Local Service
Your loan stays with Wichita Federal Credit Union. You'll continue making your payments right here at WFCU.

Common Uses for a Home Equity Loan

A Home Equity Loan may be a good fit if you're planning:

• A new roof or major home repair

• A kitchen or bathroom remodel

• A swimming pool installation

• Debt consolidation

• Medical expenses

• Large one-time purchases
  
  

Not Sure Which Option Is Right for You?
Our mortgage team will review your goals and help you determine whether a Home Equity Loan, Home Equity Line of Credit, or Cash-Out Refinance makes the most sense for your situation.

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Ready to explore your options?

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Contact Our Mortgage Team