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COVID-19 Updates

» Our branch lobbies are available by appointment only. Gresham and Prineville branch drive-thrus remains open for teller service. LEARN MORE.

» We're here to help Oregonians businesses. Learn more about the CARES Act Payment Protection Program loan here.

Home Equity Loans

Move forward with your big plans

Make home improvements, finance a child's education, pay off debt, and more by putting your home to work for you! Our home equity loan options are some of the best in Oregon!

Apply Online CURRENT RATES    

LIMITED TIME HELOC SPECIAL- 2.49% APR for 12 months*

Open a new Home Equity Line of Credit (HELOC) and get an intro rate of 2.49% APR for the first 12 months! After 12 months, rate will be variable (Prime rate + 0.50%).

Now’s a great time to finish that house project, take your dream vacation or refinance a HELOC from another institution that has a higher rate or payment!


* APR = ANNUAL PERCENTAGE RATE. 2.49% introductory APR available for the first 12 months that the line of credit is open. Rate will then be variable monthly based on Prime + 0.50%. Offer not available on existing OCU home equity line of credit loans. $25.00 annual fee. Closing costs apply. Appraisal maybe required if LTV is over 75% of tax assessed value. Consult your tax advisor for your deductibility status.

Home Equity Lines of Credit (HELOC)— revolving credit line for maximum flexibility

  • Up to 80% LTV
  • Loan limits $10,000 to $100,000
  • Easy access to funds via online banking
  • Take advances as you need them

Home Equity Loans — lock in a low rate with this one-time purpose loan

  • Up to 80% LTV
  • Loans up to $250,000
  • Fixed rate
  • One time advance
  • You can choose how to use the funds

Home Improvement Loans — with little or no equity you can make needed home improvements

  • Fixed rate
  • Low setup costs
  • Funds to be used for eligible home improvements
  • Flexible terms up to 120 months
  • No equity needed

Have Questions?

Read our step by step guide to home equity loans below. 

Home Equity Guide

Refinance and save

We love to help members save money. Talk to one of our loan professionals to see if we can reduce your interest charges by refinancing your loan from another financial institution.

 Apply Online CURRENT RATES   

 Link to Equal Housing LenderAn Equal Housing Lender