Home Equity Loans

Special Introductory Rate Offer

Renovate your home, consolidate debt, and more with our affordable Home Equity financing with an Introductory Rate of 1.99% APR* for the first 6 months, then as low as 4.24% APR* after that, and No Closing Costs* – it means you can do a lot and not pay a lot. Whether you want to cook up a new kitchen, add a family room, or upgrade your master bath, talk to us today about a home equity line of credit and get the cash you need!

With our affordable home equity financing, you can:

  • Borrow up to 80% of your home’s value
  • Borrow as little as $10,000
  • Enjoy 5–year draw period

Take Advantage of this Offer Now

If you have built up equity in your home, apply now to use that equity to get a loan for home improvements, school tuition, bill consolidation or even a vacation. American Heritage has a variety of Home Equity Loan programs to match your needs and financial status.

Fixed-Rate Home Equity Loans

  • Loan amounts from $5,000 to $1,500,000
  • Terms up to 20 years
  • Borrow up to 95% of your home’s value
  • Fixed monthly payments
  • For the homeowner who needs a consistent and manageable monthly payment.

Gold Home Equity Line of Credit

  • Credit line from $10,000 to $1,500,000
  • Borrow up to 95% of your home’s value
  • 5-year draw period
  • Principal and interest payments (based on a variable rate)
  • Minimum withdrawal amount is $1,000
  • Enjoy the flexibility to use and repay available funds for a longer draw period.

Platinum Fixed-Rate Home Equity Line of Credit

  • Unique Fixed-Rate HELOC
  • Gain peace of mind with fixed monthly payments
  • Borrow up to 95% of your home's value
  • 3-Year Draw Period
  • 5-Year, 10-Year, & 15-Year repayment options
  • Variety of line of credit amounts starting at $5,000 to $1,500,000
  • Payments Won’t Start Until the Line is Utilized
  • Fixed monthly payments will help you budget better as you spend and repay funds.

Interest-Only Home Equity Line of Credit

  • Credit line from $10,000 to $1,500,000
  • Borrow up to 95% of your home’s value
  • 3-year draw and interest-only period
  • The lowest monthly payments (based on a variable rate)
  • Low origination fee
  • Minimum withdrawal amount is $1,000
  • Only pay interest on the funds you use during the draw period and benefit from lower monthly payments.

Product Comparison Table

Pineappl Icon
Fixed Rate Home Equity Loans$5,000-$1,500,000n/aup to 20 yrs95%n/a
Gold Home Equity Line of Credit$10,000-$1,500,0005 yrn/a95%$1,000
Platinum Fixed-Rate Home Equity Line of Credit$5,000-$1,500,0003yr5, 10, 15 yrs95%n/a
Interest-Only Home Equity Line of Credit$10,000-$1,500,0003yrn/a95%$1,000

For a full list of Home Equity Loans terms and Annual Percentage Rates (APRs) please visit our Rates page here.


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Home Equity Loan vs. Home Equity Line of Credit (HELOC)

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In an effort to help our members better understand both options, our team is reviewing the differences between a home equity loan and a home equity line of credit — both of which are potential options for those wanting to borrow on their home equity.

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By: American Heritage
Whether you are a first time home buyer or just want to freshen up your current house, decorating a home can be exciting, inspiring, and often times, expensive. The good news is that if you plan ahead and follow some of our budget-friendly tips, you can continue to pinch your pennies and still turn your house into a Pinterest-worthy home.

Take the next steps...

Apply for the home equity solution that fits your needs.

*Open a new Gold Home Equity Line of Credit (HELOC) between February 1, 2020 and April 30, 2020 and get an introductory rate of 1.99% Annual Percentage Rate (APR) for the first six months. After six months, APR resets to prevailing rates and are subject to change  without prior notice. Prevailing rates are updated and posted americanheritageCU.org/Rates. Annual Percentage Rate for the Gold Home Equity Line of Credit Rate is as low as 51 basis points below the highest prime rate as published in the Money Rates Section of the Wall Street Journal in effect on the last business day of each calendar month of each year. Rate cannot fall below 3.74% APR or exceed 14.99% APR. Rates on these products are determined by an evaluation of applicant credit, collateral valuations, length of term and other considerations. Your rate may vary from the rate shown. Promotional rate valid for applications received by 11:59 pm on 4/30/20. Offer not valid on business loans. Homeowners Insurance and Flood Insurance, if applicable is required. Membership eligibility required.


In compliance with stipulations required under the SAFE Act, American Heritage Federal Credit Union, AMHFCU, is hereby listing the unique identifier information, also known as the NMLS#, for AMHFCU below:

AMHFCU | #433838

Bryan Eichenbaum | #1447517, Marylou Denzler | #449095, Paul M Fox | #449146, Angela D Poe-Mason | #449073, Amanda Michalczyk | #527975, Matt Lista | #449176, Nicole Zieminski | #925529

Make the most of your daily spend!

Choose the right card, and the right cash back, that fits your lifestyle. Start spending smarter and earning more when you apply today.