Home Equity Loans | Centra Credit Union

Home Equity Loans

Your home is more than just a place to live.

Gain access to funds for expenses by putting the value of your home to work for you with one of our home equity loans or lines of credit.

Our Current Rates

As Low As


First 6 Months

As Low As



After 6 Months

Home Equity Loan

• Funds for a large one-time purchase
• Fixed rates
• Predictable monthly payments over a fixed period of time


Home Equity Line of Credit

• Access to funds when you need them
• Variable rates
• Ability to meet ongoing needs (like tuition payments or medical bills)


We Offer Two Great Heloc Options:

Option 1

Low introductory rate, Centra pays closing costs up to $400 (reimbursement required if line is closed before 36 months), $50 annual fee with first year waived

Option 2

Low introductory rate, no annual fee, you pay closing costs

No matter which one you choose, you’ll get great low rates and personalized service without having to pay any application fees.


Know You’re On Solid Ground

You can protect your loan from the unexpected with Centra’s Debt Protection Program. It’s a voluntary loan payment program with simple eligibility requirements that gives you the peace of mind that comes with knowing you’re protected from delinquency, default or foreclosure in the event of a sudden income loss.

*APR = Annual Percentage Rate and is based on a variable loan product. All loans are subject to credit approval. This offer is available on applications taken by September 1, 2021. Offer is subject to change at any time without notice. The introductory promotional 1.24% APR will be in effect for the first 6 months from the time you close the loan. After the first 6 months, the APR will adjust to our standard rate. The APR is based on the Prime Rate (index) plus a margin of Prime Plus 0.00% to 2.00% (currently 3.25% – 5.25%). We will use the most recent index available to us as of 10 business days prior to the month-end before the date of any APR adjustment. The rate is subject to change the first of each month to reflect any change in the index. The maximum APR that can apply is 18.00%; the minimum that can apply is 3.25%. There is a $50 annual fee, which is waived for the first year. The minimum line amount is $10,000. This offer is only good for new loans to Centra on owner-occupied residential properties. Homeowners’ insurance is required. Consult your tax advisor about deductibility of interest. Closing costs will range from $150 to $800. Up to $400 of closing costs will be paid by Centra. If the line is paid off and closed within the first 36 months, closing costs must be repaid. Fixed-term and fixed-rate Home Equity Loans are also available. No annual fee HELOC is also available. Offer subject to change without notice.

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