Home Equity Loans
Put the equity in your home to work for you with a Home Equity Loan with your Neighbors. Whether you’re looking to make home improvements or major renovations, consolidate debt, pay for your child or grandchild’s education, or get away on a dream vacation, the team at Neighbors Credit Union has a solution for you!
Home Equity Line of Credit
With a Home Equity Line of Credit (HELOC), you can access the equity in your home (up to 90% CLTV) anytime you need it with checks or via advances made using online or mobile banking. You can access all or a portion of these funds as needed, for anything you choose. Best of all, there are no closing costs, and you’ll enjoy a great introductory rate the first 12 months!*
1-Year Introductory Rate on HELOC
Download our Home Equity Checklist to make sure you have all of the documentation needed to complete your loan application.
- Introductory rates are fixed for 12 months as low as 5.74% APR with checking and direct deposit and no closing costs*
- Without checking and direct deposit, the introductory rate would be 5.99% APR*
- Current variable rates after introductory period as low as 6.75% APR*
Fixed Home Equity Loan
With a Fixed Home Equity Loan (closed end), you can tap the equity in your home to borrow just the amount you need (up to 90% CLTV) and your payments won’t change for the life of the loan. This home equity loan is ideal for you if you know exactly how much you want to borrow and only require a one-time payout. In return, your payments will be a fixed amount over the term of the loan, giving your budget stability.
Choose the right Home Equity Loan for You
At Neighbors Credit Union, we’re in your neighborhood and everywhere you go! Offering convenience, reliability, and a local member-focused approach. We can help you find the right loan to meet your needs. Apply online or stop by your local branch location nearest you within the greater St. Louis area to explore your options today.
Ways to Apply
*APR=Annual Percentage Rate. Rates effective 2/16/2026 and subject to change without notice. Introductory rate applicable for the first 12 months following loan open date. Had there not been an introductory rate, the current best available rate would be 6.75% APR. Throughout the life of the loan, the APR may adjust quarterly based on the Prime Rate published in the Wall Street Journal plus a margin based on credit worthiness. Maximum APR is 15.00%. Rates are based on underwriting criteria, all loans subject to approval. Call 800-325-2697 for additional costs information and complete details. NMLS#509288. No closing costs incurred when automated value model is used. If loan is paid off and closed within 36 months from opening of the loan, member must reimburse the credit union for fees paid.
