Flexible Financing with Home Equity Loans & Lines of Credit in New York & Connecticut
A credit union home equity loan or line of credit can provide you with the flexibility you need to tackle large-scale projects or investments with affordable financing. Whether you're looking to renovate your space, invest in your future, or simply need extra funds for a major project, leveraging the equity in your home can be the key to achieving your goals.
All of HVCU's home equity loans and lines of credit are available on properties in New York and Connecticut. Our financing options include home equity loans, home equity lines of credit (HELOC), and flex-lock HELOC. Interest paid on home equity loans and lines of credit may be tax deductible.1 If you are a homeowner in New York or Connecticut and are looking to make the most of your property's equity, reach out to our team today and discover why a Hudson Valley Credit Union home equity loan is the right choice for you.
Home Equity
Loan
Ideal if you have a large, one-time expense, or if you want to consolidate debt. This product offer fixed rates and a steady, reliable payment schedule
Home Equity Line of Credit (HELOC)
Best if you're planning a major project with multiple purchases or if you need access to ongoing funds at a favorable rate.
Flex-Lock
HELOC
Combines the benefits of a fixed-rate Home Equity Loan and HELOC into one convenient financing option. Lock in a fixed rate on your HELOC up to 3 times.
No Closing Costs
Do you currently have a Hudson Valley Credit Union Account?
Please note: You may open accounts with Hudson Valley Credit Union if you live, work, worship, volunteer or attend school in Albany, Columbia, Dutchess, Greene, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Ulster, or Westchester County. If you do not have an account with Hudson Valley Credit Union, you will be required to open a Primary savings account with $0.01 when your loan is funded. Our loan applications prompt you to open an account, as applicable to your situation.
Check Out Our Home Equity Rates
Home Equity Line of Credit
5.50%
Fixed APR for the first six billing cycles
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Variable rate as low as
7.75%
Fixed APR Thereafter
Find the Right Home Equity Financing Option
A Short-Term Home Equity Loan Can Save You Thousands
7-Year Home Equity
Save up to
$39,236.65
in interest3
Interest savings example calculated for a $50,000 Home Equity Loan with a 7 year term at 7.00% APR4 and an estimated payment of $754.63/mo.
10-Year Home Equity
Save up to
$32,029.53
in interest3
Interest savings example calculated for a $50,000 Home Equity Loan with a 10 year term at 7.35% APR4 and an estimated payment of $588.30/mo.
15-Year Home Equity
Save up to
$17,652.90
in interest3
Interest savings example calculated for a $50,000 Home Equity Loan with a 15 year term at 7.75% APR4 and an estimated payment of $472.07/mo.
Save Even More with Our Auto Pay Discount
0.25%
For automatic payments made from your HVCU savings, checking, or tiered money market account.5
Solar Panel Financing
Looking for ways to finance solar panels for your home? We have special solar panel financing! We offer a fixed rate loan with a maximum loan amount of $30,000, and you can borrow up to 100% of the invoice for the solar panels, not to exceed 125% of appraised value of the property including any existing first and second lien balance. You may take up to 15 years to repay your loan.6
Do you currently have a Hudson Valley Credit Union Account?
Please note: You may open accounts with Hudson Valley Credit Union if you live, work, worship, volunteer or attend school in Albany, Columbia, Dutchess, Greene, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Ulster, or Westchester County. If you do not have an account with Hudson Valley Credit Union, you will be required to open a Primary savings account with $0.01 when your loan is funded. Our loan applications prompt you to open an account, as applicable to your situation.
Popular Ways to Use Your Home Equity Loan or Line of Credit
Home Improvements
Remodel your kitchen, tack on a new addition, or reimagine your outdoor space.
Consolidate Debt
Save money when you consolidate high-interest debt from personal loans or credit cards.
Major Purchases
Availability of funds and low interest rates make using your HELOC a wise choice for financing major expenses like college tuition.
Home Equity Calculators & Resources
- Is an auto loan or home equity loan best for purchasing a car?
- Should I use the equity in my home to consolidate debt?
- How much can I afford to borrow?
- How much will my loan payments be?
- Get a Comprehensive Home Insurance Review with HVCU Insurance Services, Powered by InsureOne®
- Schedule of mortgage servicing fees
Each county charges a satisfaction fee when you pay your mortgage in full and this fee will be passed on to you. Satisfaction fees range from $46.50 to $725.00 depending on the county in which the property is located. Your actual satisfaction fee will be determined at the time of the payoff and the property location.
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Important Legal Disclosures & Information
For complaints and inquiries concerning your mortgage or home equity, please share your experience with us. You may also contact the New York State Department of Financial Services Consumer Assistance Unit at 800.342.3736 or by visiting the Department's website at www.dfs.gov.
The tools and calculators on the HVCU website are provided for educational and illustrative purposes only. The accuracy of the calculations and their applicability to your financial circumstances are not guaranteed. HVCU does not provide tax, legal, accounting, financial, investment or other professional advice. The tools and calculators should not be used as a substitute for tax, legal, accounting, financial, investment or other professional advice. Your use of the tools or calculators does not assure the availability of, or your eligibility for, any specific product offered by HVCU or its affiliates. The terms and conditions of specific products may differ and affect the results obtained by using these tools and calculators. All financing is subject to credit approval. The default figures, amounts and information shown in the tools and calculators are hypothetical and may not be applicable to you. Please consult with qualified professionals to discuss your particular situation.
LTV = Loan to Value TLTV = Total Loan to Value
1Check with your tax advisor for individual eligibility.
2Closing costs associated with this product are waived, provided loan is maintained for a minimum of three years. HVCU will pay for property appraisal, credit report, flood certification, attorney fee, mortgage tax, recording fee, and title search. Homeowner’s insurance required. Borrower is also responsible for title insurance for loans over $500,000; and for flood insurance (if applicable).
3When compared to $52,625.98 spent on interest for a $50,000 Home Equity Loan with a 20 year term at 8.25% APR and an estimated payment of $427.60/mo.
4APR=Annual Percentage Rate. Total amount financed is based on evaluation of applicant credit, appraised value, and existing liens (LTV). LTV = Loan to Value. Your rate and total amount financed may vary.
5The stated rate is discounted by .25% and includes a requirement that loan payments are automatically transferred from your savings, checking, or tiered money market account for the life of the loan. The monthly payment is not decreased as a result of this discounted rate.
6Not to exceed 125% of appraised value of the property, including any existing first and second lien balance. APR = Annual Percentage Rate. Rates for this product are as low as 9.00%, subject to applicant credit and total amount financed. Rates are accurate as of 11/1/24, and are subject to change without notice. As an example, a $30,000 180-month solar panel loan with a fixed rate of 9.00% APR would result in an estimated payment of $304.28. Payments do not include taxes and insurance premiums, if applicable, and your actual payment may be higher.
Insurance products: Are not NCUA/NCUSIF insured | Are not obligations of HVCU | Are not guaranteed by HVCU