A Home Equity Loan from IUAW Federal Credit Union is the ideal way to finance any major expense. Interest payments may be tax-deductible: see your tax advisor to find out if you qualify.
Your credit union offers two home equity options: Closed-end and Line-of-Credit. Features of both types:
- Costs are absorbed by the credit union
- Finance up to 80% of appraised value
- Loans from $7,500 up to $100,000
Our Closed-end loan lets you take out a lump-sum disbursement, perfect for large expenses. Our Line-of-Credit gives you convenient access to your home’s equity whenever you need it.