Home Equity Loans

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Get your home’s value to work for you with a home equity loan from Westar Federal Credit Union.

Our competitive home equity loan rates make it affordable for your budget.

It’s time to stop dreaming and start doing. Re-imagine what’s possible with a Westar home equity loan.

How Does a Home Equity Loan Work?

You can borrow from the equity in your home with a home equity loan. With a home equity loan, you get the funds in one lump sum. This makes a home equity loan a great option for financing life’s big expenses.

When applying for a home equity loan, a Westar loan specialist will talk with you about your home’s fair market value. We’ll also take a look at what you owe on your mortgage to figure out how much you can borrow for your home equity loan. Westar Federal Credit Union allows you to tap into the equity of your home in one of two ways: 

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  • Home Equity Loans – borrow from your home’s equity for a fixed amount of time
  • Borrow from your home’s equity any time life demands it with a Home Equity Line of Credit (HELOC)

Is a home equity loan right for you? Your neighbors at Westar Federal Credit Union can answer any questions you may have, taking the time to discuss your options in a way that makes sense for you and your budget.

To learn how you can do more with your home’s equity…

Get Great Home Equity Loan Rates at Westar

Rates are effective 05/17/2024

Membership restrictions apply.

Fixed Rate Home Equity

*APR as low as *Approximate payment per $1000 financed
Up to 60 months 6.24% $19.45
61 – 120 months 6.49% $11.36
121 – 180 months 6.99% $8.99
*The annual percentage rate is based on the value of an index and is subject to change whenever the prime rate (as published in the Wall Street Journal) changes. Maximum APR is capped at 15%. Increases in APR will result in increased finance charges and may affect the amount of your scheduled payments. *Approximate payment per $1000 financed based on the minimum rate for 180 months.
$8 .99 as of 05/17/2024

Please Note: The annual percentage rate based on the value of an index is subject to change. This occurs whenever the Prime Rate changes (as published by the Wall Street Journal). The maximum APR is 15%. When APR increases, financial charges will also increase. This may affect your scheduled payments.

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What is a Home Equity Loan Used For?

At Westar FCU, we get it. Life can get expensive. A home equity loan can make life’s big bills more manageable with affordable payments. 

Many people use a home equity loan for a variety of reasons. This includes, but is not limited to:

  • Home renovations, 
  • Home improvement projects (such as bathroom remodeling, kitchen remodeling and more),
  • Additions to your home,
  • Debt consolidation — you may be able to consolidate your debt at a lower interest rate with
  • College expenses,
  • Vacations,
  • Emergency expenses, such as medical bills, 
  • Weddings,
  • and more

Benefits of a Home Equity Loan​

When you need a lot of financing, a home equity loan is a quick way to get the funds you need. 

Additionally, a home equity loan may have a lower interest rate than other types of loans. 

A home equity loan also offers flexible repayment terms. 

Home Equity Loan Options

To offer the flexibility you need in your life, Westar Federal Credit Union offers one of two options for a home equity loan. 

Fixed Rate Home Equity Loans

Get a home equity loan with loan payments that stay the same throughout the lifetime of your loan. A fixed rate home equity loan provides predictability and consistency. This provides peace of mind knowing your home equity loan payments will work for your budget.  When you get a fixed rate home equity loan from Westar Federal Credit Union, you also get the benefit of no application fees and minimal closing costs.  

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Home Equity Line of Credit (HELOC)

With a Home Equity Line of Credit, life’s big surprises and big expenses are more manageable. You can borrow funds from your Home Equity Line of Credit whenever you need it for up to 10 years. You could have up to 15 years for repayment.

Westar Federal Credit Union offers competitive Home Equity Line of Credit rates. Our Home Equity Line of Credit also comes with no application fees and minimal closing costs.  Borrow a minimum of $10,000 for your Home Equity Line of Credit, giving you the confidence and financing you need for big plans or big surprises. 

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Get Your Home Equity Loan from Your Local Credit Union

Westar Federal Credit Union is here to help turn ambitions to reality for our neighbors.
We’re proud to offer home equity loans for the following areas:

  • Camillus NY
  • Baldwinsville NY
  • Elbridge NY
  • Geddes NY
  • Jordan NY
  • Marcellus NY
  • Memphis NY
  • Onondaga NY
  • Solvay NY
  • Van Buren NY
  • Warners NY

A Simple Application Process for a Home Equity Loan

At Westar Federal Credit Union, whenever you have questions, our local, friendly team members are here to help. With Westar, you don’t have to deal with frustrating phone automation. We make it easy to talk to a real person who knows who you are and has the knowledge to help.

We have a simple, secure online home equity loan application. In addition, we’re always here to answer any questions you may have. Whether you want to stop by a branch or call us, Westar makes it easy to make a decision you can be confident in and to secure the financing you’re looking for.

Call Us at 315-672-7827

Take the First Step for Your Home Equity Loan

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