Access cash using your home equity

Whether you're planning a renovation, covering tuition, or taking a well-earned vacation, we offer flexible ways to tap into your home equity and access the funds you need.

Unlock more without paying more

3.99% APR¹

HELOC 6-Month Intro Rate

5.99% APR¹

Home Equity Loan Rate

No Closing Costs

On loans up to $250,000²

Your home’s value can open doors

Home Equity Loan

Get a lump sum with a fixed rate and predictable payments.

  • No closing costs on loans up to $250,000²

  • Fund home improvements, consolidate debt, or other expenses

  • Lock in a low, fixed interest rate as low as 5.99% APR¹

Home Equity Line of Credit (HELOC)

Flexible credit line with a variable rate—borrow as needed.

  • No closing costs on loans up to $250,000²

  • Start out with a fixed rate³ as low as 3.99% APR¹

  • Use to pay for anything—like a credit card

  • Only pay interest on what you spend

HEAR FROM REAL MEMBERS

I recently closed on a HELOC and I must say the experience was seamless thanks to the assistance of the branch manager, Ellen Brooks....I had a lot of questions during the process and Ellen put me at ease by answering every single one and making sure I truly understood the response. This branch is very welcoming and the team is just as amazing.

Yetunde

New City Branch

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It’s your money.
Use it for your goals.

You’re free to use your home equity for anything—whether it’s a renovation, debt payoff, or life’s big moments.

Pay off high-interest debt

Combining high-interest debt into one loan with a potentially lower interest rate can simplify your finances, reduce your monthly bills, and pay off debt sooner.

Be ready for life’s unexpected

Access funds quickly when life throws curve balls and ease the stress of unforeseen expenses knowing you’ve got it covered.

Cover student loans

Tap into your home equity to pay off higher-interest student loans and potentially lower your interest rate.

Take care of home renovations

Whether it’s a new kitchen, addition, or improving curb appeal, home equity lets you invest in your space with low rates and flexible repayment options.

Banking that gets you

From paying off debt and student loans to handling emergencies or funding renovations, we make it easy to put your home’s value to work—with competitive rates, flexible options, and guidance from experts who understand where you’re coming from and where you hope to be.

Local love.
Local lending.

Start your home equity loan application

Use the form to request info on a home equity loan or home equity line of credit. A branch representative will contact you within 2 business days to begin your application.

Your questions on home equity answered

  • A Home Equity Loan provides a lump sum with a fixed rate and set monthly payments. A HELOC works like a credit card—borrow as needed with a variable rate.

  • You may be eligible to borrow with little or no equity in your home. Palisades Credit Union offers financing up to 100% of your home’s current value—meaning you might qualify even if you haven’t built up much equity yet. Keep in mind that borrowing a higher percentage of your home’s value may come with a slightly higher interest rate and stricter credit requirements. A loan officer can walk you through your specific situation and help you understand your options.

  • You can use your home equity for just about anything—home improvements, debt consolidation, student loans, emergency expenses, and more.

  • The approval process typically takes 2–4 weeks, depending on documentation and appraisal requirements.