Putting your home to work harder for you.

A home equity loan allows you to borrow against the equity in your home so you don't have to dip into your savings to cover things like home improvements, education, business startups, and consolidate debt.

We offer closing cost assistance, no discount points, or origination fees on primary residences, flexible payment options and in most cases, tax-deductible interest*.

*Check with your tax advisor about allowable tax deductions.

Home Equity Fixed Interest Loan: 

  • Offers a fixed interest rate over the life of the loan
  • Not a line of credit
  • Members make a one-time advance and can choose from multiple terms to repay the loan
  • Quarterly statements
  • $150 processing fee

Variable Home Equity Line Of Credit:Get a low introductory rate of 1.90%25 APR

  • Very low variable rates: Rate is based on the Wall Street Journal Prime rate and can change quarterly. 
  • Monthly statements
  • Payments are amortized over 15 years based on the current balance
  • Lines of Credit can be advanced for the first 10 years of the loan and then revert into repayment mode of 15 years on primary residences
  • $150 processing fee

*After nine months, introductory rate of 1.90% APR will revert back to the standard rate ranging from 5.00% - 6.25% APR. Rates are subject to change. The maximum allowable rate is 18% APR. The Credit Union will pay up to $1,000 in closing costs, anything over $1,000 (usually $0-$500) plus a processing fee of $150 will be paid by the member.

5-Year Balloon Home Equity Loan2:

  • Fixed rate good for five years
  • Members may pay off the balance at the end of the five year term or refinance
  • Not a line of credit
  • Payments are amortized over 15 years2
  • Quarterly statements
  • $150 processing fee

Signature FCU Home Equity Products Also Feature:

  • LTV up to 80% maximum loan amount $350,000
  • LTV 80.01 > maximum loan amount $200,000
  • Closing costs paid up to $1,000 by the Credit Union1
  • No origination fee
  • No Prepayment penalty
  • Rental property financing available at low interest rates3
  • Payments may be made bi-weekly or monthly, and by payroll allotment or check
  • We lend nationwide excluding Hawaii, Alaska, and Puerto Rico

Application Center

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Apply for a Home Equity Loan Online View Home Equity Rates

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If you would prefer to fill out a PDF version of our Home Equity application, please click here.

1Signature will pay closing costs up to $1,000 of the closing costs associated with the processing of your Home Equity Loan which include but are not limited to; credit report, flood determination, verification of employment, settlement charges, title, and appraisal fees. This aso includes government charges and recording fees.This offer excludes the processing fee and any origination fees charged for investment properties. Closing costs vary based on location, type of property and the loan amount. Any closing costs over $1,000 (generally $0 - $500) are paid by the member and can be added to the loan request.  Paying your loan off within 3 years (36 months) from the loan origination date, will result in the reimbursement of all closing costs associated with this loan transaction paid by Signature Federal Credit Union. These costs will be added to the payoff of this loan. An employment verification fee of $19.80 will be assessed for each working applicant and a processing fee of $150 also applies, and is the responsibility of the member.

2 Estimated payment is $8.05 per $1,000 financed based on 5.25% After 5 years, the remaining balance would need to be paid in full or refinanced. 

3Signature will finance 75% of the value of non–owner occupied rental properties.