Categories : Smart ways to use your home equity

Borrow affordably by using the equity in your home. A Home Equity Loan can provide a great way to pay for those major expenses and purchases such as college education, home improvements, medical bills, or debt consolidation. This loan offers a very low rate because it is secured by the equity built up in your home, and in many cases the interest may be tax deductible. Consult your tax advisor regarding the deductibility of interest.

Fixed-Rate Home Equity Loans–The benefits of this loan include:

  • The rate is fixed for the life of the loan.
  • Terms up to 15 Years.
  • No pre-payment penalty.
  • Finance up to 80% of the appraised value of your home.

The typical closing costs associated with a Home Equity Loan range from $300.00 – $550.00, depending on the state in which you live. A non-refundable $106 application fee applies. Home Equity Loans are available in the 48 contiguous United States, excluding Alaska and Hawaii.  Apply online or call 800-257-5354 for more information.


As a homeowner, you can leverage your equity (the value of your home minus what you owe) as a convenient source for financing. It’s versatile, affordable, and convenient to pay for any need. Take care of home improvement projects, major purchases, business opportunities, or refinance high-rate debt — all with a single loan. It truly is one of your most flexible financing options.

What projects are you contemplating?

Home equity financing lets you complete them all with ease.

  • Refresh the exterior with a new roof, siding, or windows.
  • Keep it comfortable inside with a new furnace or air conditioning.
  • Enhance your yard with landscaping, a pool, or a privacy fence.
  • Remodel your kitchen or bath or add more space.
  • Build a ‘she shed’ or renovate your man cave.
  • Spruce up your furnishings, replace your floorcoverings, or paint.

Some improvements pay you back faster.

Every home project is as unique as you are. But to gain the most value from your improvements, consider those that recoup their cost quicker. From data collected by, exterior projects have moved past interior renovations for their return value. But some, such as a minor kitchen remodel, are still excellent investments. 

From its 2021 Cost Vs. Value Report, consider the top five remodeling projects:

  1. New garage door: 93.8% return. A garage door updates your exterior and offers curb appeal. 
  2. Manufactured stone veneer: 92.1% return. Today’s quality materials offer a realistic look available in various textures and colors.
  3. Minor kitchen remodel: 72.2% return. A minor remodel can be a few simple updates, such as new cabinet doors, appliances, countertops, or even a fresh coat of paint.
  4. Fiber cement siding: 69.4% return. With minimal maintenance and increased durability features, the siding can look like wood-grained siding, brick, or stone. 
  5. Window replacement, vinyl: 68.6% return. Consider vinyl windows for added energy savings.

See the complete list of remodeling projects here.

Tap into maximum cash with a home equity loan.

The secret to cash availability is determining your home’s market value (often by SEV or an appraisal) and the amount of equity at your disposal. At Campbell FCU, you can borrow up to 80% of your home’s appraised value at a low fixed rate, perfect for a one-time purchase, project, ongoing endeavors, or future needs.

Get started here or call us to learn more.