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For a limited time, get up to $300 cash back* with a Dupaco Home Equity Line of Credit

*The rebate will be 1% of the total amount advanced during the first 30 days after the account is opened at Dupaco, with a maximum cash back of $300. Subject to loan approval. Total amount advanced during the first 30 days must be at least $5,000. Cash back will be paid within 45 days of account open date. Cash back may be reportable on IRS form 1099-MISC. Member is responsible for any and all taxes.

A Dupaco Home Equity Line of Credit gives you flexible, ongoing access to funds that you can use for home improvements, emergency expenses, large purchases, paying for school, consolidating other debt or however else you may choose!

Your home doesn’t even have to be mortgaged through Dupaco to qualify for our home equity line of credit. You’ll receive the same great Dupaco terms and rate no matter who your current lender is!

Loan ProgramAnnual Percentage Rate
1Home Equity Introductory Rate: The 2.99% introductory Annual Percentage Rate (APR) is for qualified members with a credit score of 675 or above who open a new Home Equity Loan. The 2.99% introductory APR expires 180 days after the date the account is opened, at which time the APR will increase to the non-discount variable rate ranging from 5.00-5.50% APR, based on credit score and a combined loan-to-value (total mortgage balances divided by the total value of the house) as determined at time of account opening. If member does not qualify for the 2.99% introductory APR, then the applicable APR is a variable rate ranging from 7.40% to 10.00% based on credit score. Introductory APR is accurate as of 3/1/2019 and is subject to change. Home Equity Loans require a minimum $10,000 line of credit and a combined loan-to-value of 85% or less. Closing costs paid by the credit union to a maximum of $350. There are no application, annual, maintenance or transaction fees associated with this account; however, Lender may recover origination charges if loan is closed within 30 months of opening. Property insurance required. This offer is good for a limited time only. This offer is not transferable and may not be used in conjunction with any other discounts, offers or coupons. Rate requires Dupaco membership. Account opening subject to qualification and approval.
2Home Equity Prime Cut Rate: Rate based on qualification. Minimum $5,000 line of credit required on loan-to-value less than 85%. The annual percentage rate (APR) may vary after the account is opened. Maximum APR 21.00%. 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 5.00% APR. Closing costs paid by the credit union to a maximum of $350. There are no annual fees; however, Lender may recover origination charges if line is closed within 30 months of opening. Consult your tax adviser concerning the deductibility of interest. Property insurance required.
Home Equity Introductory Rate2.99% APR1 for 6 months
Home Equity Prime Cut Rate5.00% APR2

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Understanding Home Equity

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.  Borrowing against the equity in your home may net you tax advantages, too*!

Here’s how it works…

With a line of credit, you can borrow money when you need it but you only have to apply and receive approval one time. It works kind of like a credit card, but a home equity line of credit often offers access to larger dollar amounts at a lower rate.

  • Apply only once
  • Borrow what you need, when you need it (up to your approved limit)
  • Pay interest only on the funds you use
  • Funds become available again once you pay them off.

Frequently Asked Questions

* Consult a tax adviser regarding the deductibility of interest.

Still unclear? Allow Jill to explain.

Calculate Your Equity

Use our calculators to figure out how much equity you have in your home.

Don’t have enough equity in your home to qualify for a home equity line of credit? Consider one of our flexible, affordable personal loans instead! 

Have questions? Need assistance?

Contact our Consumer Loan Department at 800-373-7600 or via email at: loans@dupaco.com.

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