Home Equity Loans & Lines of Credit

Unlock your home’s value.

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Leverage your home’s value with our home equity options

Your home is more than just a place to live. It’s a valuable asset that can help you achieve your financial goals. Our Home Equity Loans and Lines of Credit are designed to provide you with flexible and affordable financing options, whether you’re looking to renovate your home, consolidate debt, or fund major expenses.

Fixed Home Equity Loan

If you’re looking for a smart way to finance home improvements, higher education, large purchases, or to consolidate higher interest rate debt, a fixed rate home equity loan may be the best option for you.

Great benefits, including…

Loans up to 90% of the equity in your home
One lump-sum payout
Fixed interest rate for the life of the loan
Equal monthly payments over time
No prepayment penalty

Flex Equity Line of Credit

Our Flex Equity Line of Credit gives you the best of both worlds.

You can use it two ways for more flexibility…

A variable rate line of credit
You can take advantage of the option to lock in a portion of your balance at a competitive fixed rate, term, and payment

Our Flex Equity Line gives you the flexibility to use the equity in your home to have cash on hand when you need it. Plus, as you make payments, the money becomes available again in your line of credit.

Other benefits include…

12-month introductory rate
Payments based on the amount you borrow
Credit lines up to 90% of the equity in your home
Competitively low-interest rates
Easy payment options
Easy access to funds

How it works…

When you’re approved for a Flex Equity Line you have the option to draw on your line of credit or lock in portions just like a fixed-rate, fixed-term loan
You can use money from your Flex Equity Line for up to 10 years
As you repay the money you’ve used, the money becomes available again on your line of credit
You can lock in the rate for up to 4 portions of your line of credit and pay them off with fixed monthly payments
The minimum line is $7,500
The minimum amount to lock the rate is $5,000
Each portion can be locked in for up to 15 years

Rates

Fixed Home Equity Loans
Term	LTV¹	APR² (as low as)
¹LTV=Loan to Value ²Annual Percentage Rate (APR) shown is a fixed rate for an applicant with credit scores 735 or higher. Other rates available for up to 90% financing. Example: $20,000.00 loan, monthly payment will be $388.89 for 60 months at 6.24%. The minimum loan amount is $7,500. $99 origination fee will apply. Maryland homeowners are responsible for Maryland government recordation tax, amounts vary per county and amount borrowed. Homeowners insurance required. Rates may change without notice. All loans subject to credit approval. Rates effective as of September 19, 2024
Term 60 months	LTV¹ up to 70%	APR² (as low as) 5.99%
Term 60 months	LTV¹ 71-80%	APR² (as low as) 6.24%
Term 60 months	LTV¹ 81-90%	APR² (as low as) 6.99%
Term 120 months	LTV¹ up to 70%	APR² (as low as) 6.24%
Term 120 months	LTV¹ 71-80%	APR² (as low as) 6.49%
Term 120 months	LTV¹ 81-90%	APR² (as low as) 7.24%
Term 180 months	LTV¹ up to 70%	APR² (as low as) 6.74%
Term 180 months	LTV¹ 71-80%	APR² (as low as) 6.99%
Term 180 months	LTV¹ 81-90%	APR² (as low as) 7.74%

Flex Equity Line of Credit
LTV¹	APR² (as low as)
¹LTV = Loan To Value ²Annual Percentage Rate (APR) shown is for an applicant with a credit scores 735 or higher. Other rates are available for up to 90% financing. Rate based on the Wall Street Journal Prime Rate which was 8.00% as of 09/30/2024. This is a variable rate loan product and your payment and rate are subject to change. Maximum 17% APR. No floor rate on this product. Monthly payments may range from 0.5.% to 1.50% of the balance owed. Late payment fees of 5% of the monthly payment or $35.00 whichever is greater may apply. $7,500 minimum line of credit. $99 origination fee will apply. Maryland homeowners are responsible for Maryland government recordation tax, amounts vary per county and amount borrowed. Homeowners insurance required. Rates may change without notice. All loans subject to credit approval. Rates effective as of September 30, 2024
LTV¹ up to 70%	APR² (as low as) 7.74%
LTV¹ 71-80%	APR² (as low as) 7.99%
LTV¹ 81-90%	APR² (as low as) 8.74%

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Financial Calculators

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Mortgage Refinance

Maximize your savings and take control of your financial future when you refinance your home with Patriot. Experience the peace of mind that comes with competitive rates, straightforward terms, and personalized service that puts your needs first.

FAQs

You must apply online, over the phone, or at one of our branches.

You can borrow up to 90% of the equity in your home.

A draw period is when you can take an advance from your line of credit. From the day it is booked, your line is available for 10 years to take advances from the line. After the 10-year draw period will convert to a repayment-only status, it will be in repayment only, and no more advances can be taken. The repayment will be recalculated to pay off the balance over 15 years.

Typical loans take 4-6 weeks from application to closing. You can be approved pending things like appraisal and lien search fairly quickly.

See all FAQs

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Disclosures

*Introductory 4.99% Annual Percentage Rate (APR) is effective for the initial twelve months of the line of credit portion. After the introductory period, the rate converts to the standard variable rate. APR shown is for an applicant with a credit scores 735 or higher. Other rates are available for up to 100% financing. Rate based on the Wall Street Journal Prime Rate which was 8.00% as of 10/21/24. This is a variable rate loan product and your payment and rate are subject to change. Maximum 17% APR. No floor rate on this product. Monthly payments may range from 0.5.% to 1.50% of the balance owed. Late payment fees of 5% of the monthly payment or $35.00 whichever is greater may apply. $7,500 minimum line of credit. $99 origination fee will apply. Maryland homeowners are responsible for Maryland government recordation tax, amounts vary per county and amount borrowed. Homeowners insurance required. Rates may change without notice. All loans subject to credit approval.
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This credit union is federally insured by the National Credit Union Administration.