Home Equity Loans

affordable Dupaco home equity payments

Need a vacation? A bathroom remodel? A car for your teen? It could cost you as little as $100 a month with a Dupaco Home Equity Loan (*assumes maximum loan balance of $13,500 amortized over 180 months). Calculate your payments using our calculator.

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What is equity in a home?

Equity is the difference between the appraised value of your home and what you owe on your mortgage. Equity is the part of your home’s value that belongs to you, not your lender. Calculate your equity with our calculator. You can borrow against this equity in your home and use the money for whatever purpose you choose—improve your home, buy a new car, pay for school, consolidate other loans, or send yourself on a vacation! Borrowing against the equity in your home may net you tax advantages as well (consult a tax advisor regarding the deductibility of interest). That’s the beauty of equity financing!

Apply for a loan now, or contact our Consumer Loan Department at (563) 557-7600 / 800-373-7600, ext. 202, or loans@dupaco.com.

First home savers account

Once you've purchased a home, through equity financing you can borrow against the portion of your home that you own for added purchasing power.

 

Home Equity Loan Rates

Current as of: 2/26/2017
Loan Program Annual Percentage Rate
Home Equity Prime Cut Rate 4.00% APR (4.00% Floor)1
1Home Equity Rate: Rate based on qualification. Minimum $10,000 line of credit required on loan-to-value less than 75% with $5,000 initial minimum advance. The annual percentage rate (APR) may vary after the account is opened. Maximum APR 21%. The rate will be the Prime Rate as published in The Wall Street Journal on the last business day of each calendar month, plus an index with a floor rate of 4.00% (if applicable). The current fully indexed rate is 4.00% APR. Closing costs paid by the credit union to a maximum of $350. There are no annual fees; however, there may be an early termination charge applied if line is closed within 30 months of opening. Consult your tax advisor concerning the deductibility of interest. Property insurance required.

   
Comments (3)
Closing Cost
Stacy
 • 221 days 8 hrs 58 mins 4 secs ago
What are the closing cost on a heloc loan?
 

Re: Closing Cost
Dupaco Moderator
 • 220 days 15 hrs 59 mins 50 secs ago

Hi Stacy, as long as the Home Equity Loan is larger than $10k, Dupaco pays closing costs up to $350. Anything over that amount is paid by the member.

 

Closing Cost
Stacy
 • 221 days 8 hrs 58 mins 4 secs ago
What are the closing cost on a heloc loan?
 

Re: Closing Cost
Dupaco Moderator
 • 220 days 15 hrs 59 mins 50 secs ago

Hi Stacy, as long as the Home Equity Loan is larger than $10k, Dupaco pays closing costs up to $350. Anything over that amount is paid by the member.

 

rates
Jeni
 • 710 days 14 hrs 17 mins 42 secs ago
I understand interest rates may go up this year. I'd like to have the HELOC and mortgage rates emailed to me regularly so I can monitor them. Is this possible?
 

Re: rates
Dupaco Moderator
 • 708 days 15 hrs 46 mins 49 secs ago

Rates for HELOC are not available as a daily email, however, mortgage rates are. Go to the Mortgage section of our website, click on rates. You'll need to fill out the short form allowing us to better target the type of property you'd be interested in buying, and then the current rates will show. From the page that display the rates targeted to your desired loan, you'll be able to click Rate Watch and set up your automatic rates email.

 

trying to get a house loan
tammie phipps
 • 784 days 10 hrs 23 mins 8 secs ago
What does my score need to be in order to get a loan for a house? I have been approved to build a house from the ground up- trying to see what I need to do to get started...
 

Re: trying to get a house loan
Dupaco Moderator
 • 782 days 10 hrs 31 mins 43 secs ago

Tammie, Typically the borrower's term must be at least a 620. However, based on the other variables of the application, they could require the score to be even higher.

 

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