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Home Equity Loans

Let your home's value work for you

Your home is another part of your family, and while it can’t take the garbage out or clean the bathroom, you can use its equity to provide you financial flexibility and freedom. 

From home improvement projects to debt consolidation to tuition payments, Verity’s two home equity loan products provide you the resources to do what you need to do when you need to do it. Our friendly lending experts can help you find the perfect solution for your unique situation. Whether that’s a Masterline home equity line of credit or a lump-sum fixed term loan, we’re here for you. 

Features of home equity loans

  • Line of credit and fixed-rate options available
  • Competitive rates
  • Borrow up to 80% of your primary home's value (or up to 60% for investment/rental properties)


Masterline HELOC

as low as*

8.74 % APR

Masterline rate lock

as low as*

8.25 % APR

Fixed home equity loan

as low as*

7.75 % APR

Masterline Home Equity Line of Credit (HELOC)

Put your money where it matters most with a home equity line of credit. Our Masterline HELOC features fixed rate options, giving you the flexibility to lock in a portion of your balance at a fixed rate.* Cover nearly every kind of recurring cost, from medical bills to college tuition, and pay interest only on what you spend. Save money and time by cutting out paperwork—apply once and access your entire credit limit up to 10 years!  

  • Competitively low, variable interest rates 
  • Borrow purchase-by-purchase up to your credit limit, with the option to rate-lock portions of your balance when you want 
  • Have up to 3 active fixed-rate advances at any time 
  • Credit lines range from $20,000 to $250,000

Fixed Home Equity Loan

Ready to put an addition on your house, or redo your kitchen or bathroom? A fixed rate home equity loan provides a lump-sum up front and then locks you in for a specific term and rate so you know exactly what your monthly obligation is before you even start the project. With no annual fees and no surprise change in payments, this is a great option for those who know what they need and like to make a plan.  

  • Competitively low, fixed interest rates 
  • Choose a 5-, 10- or 15-year term 
  • Funds available for practically any purpose, including home improvement, debt elimination, tuition payments and more 
  • No annual fees

You have a choice in where you bank

Verity is a local credit union that believes in socially responsible banking. We’re part of a movement working to create stronger, healthier, more sustainable communities because we believe a financial institution can do good. When you bank with Verity, your money helps make positive impacts in our vibrant communities. Rather than investing in Wall Street, about 90% of our deposits are used to invest in the local economy and members through loans, whether it’s a loan for an eco-friendly car, or adding a tiny home to your backyard. 

Why Verity?

Loans available to credit union members only. If not existing member at time of applying for loan, applicant will be required to establish Prime Share membership account as part of loan funding. $5 membership fee is required to join Verity.
*APR = Annual Percentage Rate. The APR and financing is based on your creditworthiness, occupancy and property loan-to-value. Rates current as of 03/01/23 and are subject to change at any time. Masterline Home Equity Line of Credit index is the highest Prime Rate as published in the Money Rates Section of the Wall Street Journal in effect on the first day of each month. The APR on Masterline Home Equity Lines of Credit are variable and may be subject to change during the term of the loan; the lowest possible APR during the life of the loan (“the floor”) is 4.00% APR and the highest possible APR (“the ceiling”) is 15.00%. Verity Masterline HELOCs incur a reconveyance fee at pay-off. Member pays appraisal costs if an appraisal is needed; standard cost is $825 or more depending on property. Available for qualified borrowers only. Verity pays closing costs (excluding appraisal cost) on owner occupied properties. Members pay all closing costs on investment properties; limit of 2 investment properties with home equity loans per member. Masterline HELOC early closure fee: if your account is paid in full and closed within 24 months of opening, you will be charged the lesser of $350 or 2% of the initial credit limit.
Home Equity Line of Credit Account Fixed Rate Advances provide for up to 15 years of monthly principal and interest payments, depending on the amount advanced. Fixed Rate Advances are subaccounts of a Home Equity Line of Credit (HELOC).
Home equity loans and mortgages available in Washington state only.

You have a choice in where you bank

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