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Home Equity Loan

Create, Refresh & Fall in Love With Your Space.

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Unlock the Possibilities in Your Home

Your home’s equity is more than just value—it’s an opportunity. Whether you’re consolidating debt, making renovations, or planning for the future, we’re here to help you take the next step with practical solutions and expert guidance.

 

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Competitive Rates

Secure a better rate with a home equity loan.

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Flexible Terms

Find a payment plan that matches your budget.

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Save Money

We do not charge application fees to apply. And we want you to pay your loan back as quickly as possible, so we don’t charge prepayment penalties either.

Education

Free Financial Wellness Coaching

Get expert help to make smart home equity choices.

Money Transfer

Unlimited Uses

Your funds are yours to use for repairs, debt, or unexpected costs.

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Fast & Easy Application

Apply online in minutes and check your eligibility. Average close time is 17 business days.

Rates

Home Equity Loans

Term

APR*

*APR= Annual Percentage Rate. The best Home Equity Loan rate listed for each product assumes top-tier credit and 75% or less combined loan-to-value value. Subject to membership in the credit union, credit approval, and closing. Property insurance required. Property must be member’s primary residence and located in the Commonwealth of Virginia. Home Equity rates include a Flood Determination fee when applicable. Loans are subject to approval. Certain restrictions may apply. Rates Effective Date: April 1, 2025.

Term

7 Years

APR*

as low as 5.75% – 9.75%

Term

10 Years

APR*

as low as 6.75% – 11.625%

Term

15 Years

APR*

as low as 7.00% – 11.75%
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Calculators

Plan payments and borrow smart with our home equity loan calculators.

Five Star Feedback

★★★★★

The Call Federal Team made the process of achieving a loan so easy and super simple! Not only did they pay attention to every single detail and explain every bit of information that was needed, but they also made it a very quick process! I’ll support them anytime and send anyone their way. Thanks so much!

William D.

Need a little more information?

At Call Federal, our mission is to serve our members, not outside stockholders. This member-centric approach enables us to offer competitive rates on loans, higher rates on deposits, and fewer fees to our members in the Greater Richmond metro area. We also strive to provide a streamlined and hassle-free experience.

Advantages of a Call Federal Home Equity Loan:

  • Not-for-Profit Benefits: As a credit union, we reinvest our revenue back into our membership, delivering enhanced value.
  • Competitive Rates and Lower Fees: Benefit from favorable loan rates and reduced or no fees on select accounts.
  • Personalized Support: We take the time to understand your unique financial situation, working with you to improve your credit and secure the financing you need.
  • Transparent Communication: We ensure all terms, conditions, and any applicable restrictions are clearly explained, fostering trust and confidence.

By choosing a Call Federal Home Equity Loan, you’re partnering with a financial institution dedicated to your success, offering practical solutions and exceptional service.

Please contact us to discover how we can assist you and your family in securing an affordable payment, enabling you to leverage your home equity to achieve your dreams.

Call Federal’s Home Equity Loans and Lines of Credit (HELOCs) offer several advantages to help you achieve your financial goals:

  • Competitive Rates: By using your home’s equity as collateral, you can secure lower interest rates compared to traditional loan options.
  • Flexible Options: Choose between fixed-rate Home Equity Loans for predictable payments or variable-rate HELOCs for ongoing access to funds, allowing you to select the structure that best suits your needs.
  • Versatile Use: Utilize the funds for various purposes, such as consolidating debt, financing home improvements, or managing unexpected expenses, giving you the freedom to allocate resources as you see fit.
  • Transparent Process: Benefit from a clear and cost-effective loan process with no application fees or prepayment penalties, ensuring you understand all terms and conditions.
  • Complimentary Financial Coaching: Access free financial coaching to make informed decisions about leveraging your home equity, empowering you with the knowledge to manage your finances effectively.

These benefits reflect Call Federal’s commitment to providing practical financial solutions and exceptional service to its members.

Not finding what you’re looking for? See all FAQs.

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Mortgage Team

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We’re here to help!

Contact Call Federal today for more information and expert guidance to meet your needs.

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Disclosures

APR=Annual Percentage Rate. Rates and conditions are subject to change at any time and may vary based on creditworthiness, qualifications and collateral conditions. Subject to membership in the credit union, credit approval and closing. Property insurance required. Property must be member’s primary residence and located in the Commonwealth of Virginia.