Home Equity
Apply NowKnow your Equity.
Plan your dreams.
Make it happen.
– with help from Progressions Credit Union.
Why do all the work when your house can do it for you? When you use your home’s equity, you can…
- Make home improvements & remodel
- Consolidate debt
- Support educational expenses
- Pay for your family expenses
- Cover any emergency bills
…and so much more. Utilize Progressions Credit Union’s Home Equity Line of Credit or Home Equity Loan as a tool to make your dreams reality. We offer fixed-rate and term-rate equity loan options and Home Equity Lines of Credit (HELOC) to give you the greatest benefits for your unique situation.
Our experienced mortgage loan team is ready and waiting to help you accomplish your wide range of goals. Whether you want to send your child to college or take out the pink tile in the bathroom, putting your equity to use can help you tap into your home’s financial potential. Besides, purple tile would look so much better.
Start Here
Make your house your home and invest in your future with your home’s current equity. Start by simply having a conversation with one of our fantastic Mortgage Officers who are eager to listen to your financial goals and help you with the next step on your road to financial solutions.
How to Apply
Ready to Apply?
It’s easy because we will be by your side helping guide you on this financial journey!
Call us at 509.535.0191 and ask to speak with a Mortgage Loan Officer, or email us at mortgages@progressionscu.org. (Please do not include any sensitive information such as your Social Security Number or account numbers when emailing this.)
Grow Your Membership
Make smart financial moves to reach your goals. Explore your options and grow your dreams.
Resources
Want more information?
Reach out to any of our Mortgages Officers, they are happy to answer any of your questions. Call us at 509.535.0191 and ask to speak with a Mortgage Loan Officer, or email us at Mortgages@progressionscu.org. (Don’t include your sensitive information, such as your social security number or account number in this email.)
Fixed-Rate Equity Loan
This type of loan is perfect for someone who is interested in using the equity in their home for a specific project and would like fixed payments for the life of the loan.
Features:
• Fixed-rate, lump-sum disbursement of funds, consistent monthly payments
• 6,10,15, 20 and 30-year terms available (30-year term option is only available on 1st lien loans)
• Up to 85% Combined Loan to value financing on a 1st lien or 2nd lien.
Click the ‘Rates’ link for additional information.
Home Equity Line of Credit
(HELOC)
This type of equity loan is a more flexible alternative to a fixed rate and term Home Equity Loan. It is perfect for ongoing projects and to have for future emergencies, such as replacing a furnace or roof. The payments are variable because the rate is based on the prime rate plus a margin.
Features:
• Up to 85% combined loan to value financing on 1st lien or 2nd lien.
• NO ANNUAL FEE
• 10-year Draw Period and 15 Year Repayment Period
• Flexible, low monthly payments – with interest-only payments during the Draw Period.
Refinancing with CASH OUT
Another way to access the equity of your home is with a Cash-Out Home Refinance. If we refinance your home, you may want to make some improvements at the same time, or other purchases using the equity in your home at the same time you refinance. This may be a better option for you than a regular Home Equity Loan. We are happy to guide you to making the right decision for you.
Know your Equity.
Plan your dreams.
Make it happen.
– with help from Progressions Credit Union.
Why do all the work when your house can do it for you? When you use your home’s equity, you can…
- Make home improvements & remodel
- Consolidate debt
- Support educational expenses
- Pay for your family expenses
- Cover any emergency bills
…and so much more. Utilize Progressions Credit Union’s Home Equity Line of Credit or Home Equity Loan as a tool to make your dreams reality. We offer fixed-rate and term equity loan options and Home Equity Lines of Credit (HELOC) to give you the greatest benefits for your unique situation.
Our experienced mortgage loan team is ready and waiting to help you accomplish your wide range of goals. Whether you want to send your child to college or take out the pink tile in the bathroom, putting your equity to use can help you tap into your home’s financial potential. Besides, purple tile would look so much better.
Start Here
We are here to walk with you through your financial journey. Whether you are ready to drive off in your dream car or looking to unlock cashback, we are excited to help you in this financial process.
How to Apply
Ready to Apply?
It’s easy to apply!
Get preapproved first by applying online or contacting us.
When you know, you know! Ask for Progressions Credit Union financing at most dealerships through our Credit Union Direct Lending (CUDL) program. This method is ideal for evening and weekend purchases if you didn’t get preapproved ahead of time.
Grow Your Membership
Make smart financial moves to reach your goals. Explore your options and grow your dreams.
Want More Information?
For more information, call us at 509.535.0191 and ask to speak with a Mortgage Loan Officer, or email us at Mortgages@progressionscu.org. (Don’t include your sensitive information, such as your social security number or account number in this email.)
Fixed-Rate Equity Loan
This type of loan is perfect for someone who is interested in using the equity in their home for a specific project and would like fixed payments for the life of the loan.
Features:
• Fixed-rate, lump-sum disbursement of funds, consistent monthly payments
• 6,10,15, 20 and 30-year terms available (30-year term option is only available on 1st lien loans)
• Up to 85% Combined Loan to value financing on a 1st lien or 2nd lien.
Click the ‘Rates’ link for additional information
Home Equity Line of Credit
(HELOC)
This type of equity loan is a more flexible alternative to a fixed rate and term Home Equity Loan. It is perfect for ongoing projects and to have for future emergencies, such as replacing a furnace or roof. The payments are variable because the rate is based on the prime rate plus a margin.
Features:
• Up to 85% combined loan to value financing on 1st lien or 2nd lien.
• NO ANNUAL FEE
• 10-year Draw Period and 15 Year Repayment Period
• Flexible, low monthly payments – with interest-only payments during the Draw Period
Refinancing with CASH OUT
Another way to access the equity of your home is with a Cash-Out Home Refinance. If we refinance your home, you may want to make some improvements at the same time, or other purchases using the equity in your home at the same time you refinance. This may be a better option for you than a regular Home Equity Loan. We are happy to guide you to making the right decision for you.