Home Equity

Turn your equity into opportunities

Whether you want to leverage your home equity as a financing option or you don't have much equity yet, we've got the perfect loan for you.

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Equity loans as unique as your home

 Equity loans as unique as your home
 

HELOC

Line of credit with a limited time Intro Rate offer2 for the first 12 months.
5.50%APR1

EQUITY LOAN

One-time purpose loan of up to $250,000 for your next home project. Lowest rate:
6.75%APR3

IMpROVEMENT LOAN

One-time purpose loan of up to $35,000 for homeowners with no equity. Lowest rate:
8.75%APR4

✓ HELOC Post-Intro Rate Reduction Notice

Now through March 31, 2025, our post-intro HELOC rate is being reduced from Prime Rate + .50%, to Prime Rate. Remember, HELOC rates are variable and subject to change monthly. We use Prime Rate published in the Wall Street Journal. Our post-intro HELOC rate will return to Prime Rate plus .50% in April 2025.

Why choose an Oregonians equity loan?

We know you've got a lot of options, but our equity loans come with incredible service and great features:

  • Terms up 10 years for loans and 15 years for equity lines
  • 10-day grace period on monthly payments
  • Loan amounts up to $250,000
  • Loans for primary, secondary and rental residences
  • Loans for homeowners with little or no equity

Don't take our word for it

Here's what our members have to say:
Oregon City member
"The easiest and fastest lending experience I’ve ever had. I have been working with Kailee on a couple HELOCS for investment properties and the turnaround time, communication and customer service has been top notch. One of the only banks in Oregon to offer HELOCS on investment properties with super low fees and good rates/terms. Very impressed with everything from start to finish and would highly recommend."
Milwaukie member
"We've been looking around for doing a mortgage loan. When we found Oregonians, it took maybe 2 or so weeks to complete the whole process. They were very good at communicating what is needed and easy to work with. I'm very pleased with how everything went."

 


 Limited time Home Equity Line of Credit Intro Rate offer

5.50% APR1

Intro Rate applies for the first 12 months the HELOC is open.2apply now

With an intro rate this great, our Home Equity Line of Credit presents you with a compelling source for financing whatever you need. Our HELOC lets you pull funds as you need them and on-the-spot. With an Oregonians checking account and our mobile app, you can make transfers from your mobile phone quicker than it takes to get through the cashier's line at Home Depot.

 

In addition to one of the lowest rates offered in the state of Oregon, our HELOC comes with these great features:

  • Up to 80% LTV
  • Borrow between $10,000 and $100,000
  • Primary, secondary or rental property loans
  • No pre-payment penalties

Text HELOC to 503.833.5170 to chat with us about HELOCs.


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1APR = ANNUAL PERCENTAGE RATE. 
25.50% introductory APR available for the first 12 months that the line of credit is open. Rate will then be variable monthly based on Prime Rate as published in the Wall Street Journal (Western Edition) + 0.50% - however, from 04/01/2023-03/31/2025, we will charge Prime Rate only and not the additional .50%. Rate will not exceed 9.00% APR. Intro Rate offer not available on existing Oregonians equity loans. Minimum monthly payment is the greater of 1% of the balance or $125. $25.00 annual fee. On all home equity products member pays closing costs, which range between $125 – $2500 (estimate). This includes flood certification, appraisal, title insurance, and escrow fees if required.  An appraisal maybe required if your LTV is over 75% of tax assessed value. Maximum LTV of 80% for owner-occupied properties and 75% for secondary or rental properties. Appraisal maybe required if LTV is over 75% of tax assessed value. No condominium loans. Consult your tax advisor for your deductibility status. 
 
*From 04/01/2023-03/31/2025, we will charge Prime Rate only and not the additional .50%.

 


Lock in your rate with our Home Equity Loan

Worried about rate increases? Don't want the freedom to overspend on your project? This one-time purpose loan is perfect for high-balance projects. Whether you want to renovate half your home, complete an addition, or consolidate other high-interest debts, this locked-in rate loan's right for you. 

  • Up to 80% LTV
  • Borrow between $10,000 and $250,000
  • Primary, secondary or rental property loans
  • No pre-payment penalties

Text EQUITY to 503.833.5170 to chat with us about home equity loans.

APPLY NOW

 

Please note: rates quoted for Home Equity Loans are the lowest rate offered, but your rate may be higher. Check the disclosure below for more information.
3Home Equity Loan disclosure: You don't have to be a member to apply. Rates quoted are the lowest rate available. All loans and lines of credit subject to credit approval. Rates are based on an evaluation of credit history and other factors specific to your loan and may be higher than the lowest rate published. On all home equity products member pays closing costs, which range between $125 – $2500 (estimate). This includes flood certification, appraisal, title insurance, and escrow fees if required.  An appraisal maybe required if your LTV is over 75% of tax assessed value. Maximum LTV of 80% for owner-occupied properties and 75% for secondary or rental properties. No condominium loans. Consult your tax advisor for your deductibility status. Give us a call at 503.239.5336 or text EQUITY to 503.833.5170 if more than $250,000 is needed.

 


Fix it up with our Home Improvement Loan

No equity? No problem. Sometimes home repairs come knocking unexpectedly, and this loan's here to save the day. With little or no equity, our Home Improvement Loan can help you make the repairs you need. 

 

  • No home equity needed
  • Borrow between $3,000 and $35,000
  • Terms up to 10 years
  • Owner-occupied homes only

Text IMPROVE to 503.833.5170 to chat with us about home improvement.

APPLY NOW

 

4Home Improvement Loan disclosure: You do not have to be a member to apply. Rates quoted are the lowest rate available. All loans and lines of credit subject to credit approval. Rates are based on an evaluation of credit history and other factors specific to your loan and may be higher than the lowest rate published. Rate will not exceed 9.5% APR. Owner-occupied homes only. No condominium loans. One-time fee (includes loan fee, flood determination fee and recording fee) typically doesn't exceed $300. Proceeds from this loan must be used strictly for home improvements. Documentation of improvements, costs, and before and after photos may be required in some circumstances.   

 

 


Equal Housing Lender - Oregonians Credit Union NMLS #403533

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