Skip to main content

Main Header

Important Notifications

Home Equity Loans & Lines of Credit

Two Adirondack chairs look out over a bay. Text below reads “Washington is our home too.”

Your home's equity is your asset

We offer Home Equity options that can help you pay for home improvements, consolidate debt or finance a large purchase.

What is home equity? It’s the current value of your home minus your mortgage balance. You can borrow against that equity to consolidate your debts to make paying them down easier and more efficient. 

WSECU can help with two home equity options for a primary residence: Home Equity Loan or Line of Credit. One of these may be right for you if:

  • You want to pay down your debt faster.
  • You want to lower your monthly payments.
  • You want to finance a large purchase.

Apply now Check application status

Here's what you'll need

Borrow up to 90% of your home's equity!

Subject to credit approval, underwriting guidelines and property occupancy

Home Equity Loans

Home Equity Loan

A Home Equity Loan is a lump-sumA large single payment that cannot be broken up into installments. amount determined by the equity you have in your home. It can offer a lower interest rate than a Home Equity Line of Credit (HELOC) and set monthly payments. 

How can you use a home equity loan? You can remodel or improve your home, consolidate debt or purchase a vehicle. 

  • No early repayment fees
  • Fixed rates*
  • Fixed monthly payments

Get startedCheck application status

Here's what you'll need

* View assumptions

Home Equity Line of Credit

Home Equity Line of Credit

A Home Equity Line of Credit (HELOC) is a revolving line of credit funded by the amount of equity you have in your home. Think of it like a credit card that is funded by your home’s equity (but with a much lower rate). 

  • Access to line of credit for up to 10 years**
  • 20-year repayment period
  • Variable rates
  • Gain flexibility for unexpected circumstances

Get startedCheck application status

Here's what you'll need

** Conditions apply

What our members are saying

"The Home Equity team was great! They explained to me the plan, helped me get the information I needed and were always in contact with me through the whole process. At the branch, the staff were clear and we both understood what we were signing. I have been banking with WSECU for many years and appreciate their business."
WSECU Member

Home Equity Calculator

How much equity do you have in your home?

Find out how much you're eligible to borrow.

Get started

What is your home currently worth?

This is the appraised value of your home.

Enter in a dollar amount between $0 and $1,000,000

What is your current mortgage balance?

This includes your first mortgage, and if applicable, the balance of any additional mortgages.

Enter in a dollar amount between $0 and $1,000,000

Mortgage information

Current appraised value of your home
Enter a dollar amount
Total of all outstanding mortgage balances
Enter a dollar amount

WSECU has a maximum loan-to-value (LTV) of 90%.

Try another LTV
The percentage of your home's value that is available to borrow.
Enter in a percentage

Home equity breakdown

The maximum home equity loan that WSECU will grant is $250,000.

It appears you may not have any equity available. Another option is a personal line of credit.

When using the calculator, please remember the dollar amounts displayed aren’t guaranteed, and what you actually pay may be different. The estimates you receive are for illustrative and educational purposes only. The results of any loan calculator are not intended to be and should not be considered a decision of, or a commitment to, the loan type or amount for which you may qualify.

Your perspective is important to us and helps us see where we’re hitting the mark and where there might be areas to improve.