Home Equity Loans

Features of a Credit Union Home Equity Loan

Fixed Rates

Enjoy a competitive rate that stays the same through your loan term.


Easy Repayment

Choose a term of 5 to 15 years, and transfer funds right from your JHFCU account.


Local Servicing

We'll service your loan here so you don't need to send payments out of state.


Higher Limit

Borrow up to 95% of your home’s value!


Home Equity Loan Details

Home equity is the difference between the current market value of your home and your current mortgage balance. This loan allows you to access cash with the convenience of fixed payments and rates.

A family is painting their wall during a renovation paid for with a home equity loan.
    • Use your funds for home improvements, weddings, vacations, medical bills, and more.
    • Can be used to consolidate high-interest debt.
    • Borrow $20,000 to $500,000.
    • Rates are based on your home equity, credit score, loan term, and loan amount.
    • Your APR will stay the same throughout the life of your loan.
    • You can choose a term between 5 and 15 years, depending on your budget and goals.
    • Local loan servicing means working directly with the credit union.

    JHFCU home equity loans are available for primary residences in Maryland, Virginia, Washington DC, Delaware, and Pennsylvania.

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    "Always efficient, a great place to do your banking."

    – Patricia K.

    Our Home Equity Loans Include These Benefits

    Affordable APR

    Lock in a fixed home equity loan rate so you're always on top of your payments.

    We Pay Closing Costs

    We'll pay your closing costs** (except for interim interest charges) as long as your loan remains open for at least three years.

    Loan Calculator

    Use our amortizing loan calculator to see how much you should borrow.

    Local Support

    We'll service your loan here and continue to offer support and advice whenever you need it.

    Simple Payments

    Open a JHFCU Checking or Savings account and easily transfer your loan payments.

    Home Equity Loan FAQs

    • What do I need to apply for a home equity loan?
      A home equity loan is sometimes called a second mortgage. However, the home equity loan application process is much simpler than a first mortgage. In most cases, all you’ll need is proof of income, such as a recent pay stub.
    • What rate will I get?

      The rate you get for your home equity loan is based on your credit score and your loan-to-value (LTV) ratio; higher credit scores and lower LTVs get a lower rates. The term you choose also impacts your rate; shorter terms get lower rates.

    • How can I make my home equity loan payments?

      There are many options for making a payment to your JHFCU home equity loan:

      Online Transfer: Set up a recurring transfer or make a one-time transfer online from your checking, savings, or another transactional account to your mortgage account. Payments are credited and account balances are updated immediately. 

      JHFCU TeleBranch 24: Transfer your payment from a JHFCU account to your mortgage; just use your loan suffix number between 70 & 77 (EX: XXXXXXXXX-XX.)

      Pay Online from an Outside Bank: Set up JHFCU as a payee using your 9-digit JHFCU Account number - 2-digit loan suffix number between 70 & 77 (EX: XXXXXXXXX-XX.) 

      Pay by Check at a Branch or via Mail

      Pay by Transfer In-Person

      Payroll Deduction Payments

      NOTE: When setting up Online Bill Payment from an outside account, use JHFCU’s main address, 2027 E Monument St, Baltimore, MD 21205
    • Do I need to be a member of Johns Hopkins Federal Credit Union to get a home equity loan?

      Yes, you'll need to become a member first. Joining is quick and easy, learn more here!

     Home Equity Loan Home Equity Line of Credit
    Interest rate FixedAdjustable
     Interest paid On the full loan amount outstandingOnly on the amount you draw
     Loan funds takenLump sum Draw as needed
    Loan funds can be paid back and re-drawn as needed for 15 yearsN/AYes
     Payment amountFixed for 5, 10, or 15 yearsVariable based on balance
     Closing costs None (excluding interim interest) – unless loan is closed within three years None with a $10,000 advance at closing – unless line is closed within three years

    More Convenient Loan Options for You

    Rewards Credit Card

    With our brand new Rewards Credit Card, you'll enjoy a special intro rate of 1.99% APR* plus no annual fee, up to 4x points on select spending categories**, and an additional 10,000 bonus points after you spend $2,500 on purchases in the first 90 days!



    Learn More

    Anything Loan

    Get fast financing to cover any expenses, whether you need to buy new tires or appliances, pay for a wedding or vacation, or meet medical or legal bills. Also a good option for building credit and consolidating debt.




    Learn More


    *APR=Annual Percentage Rate. Rates are determined by an evaluation of the applicant’s credit, loan-to-value (LTV), and term. Rates are subject to change.

    **The closing costs will be added back to the loan payoff balance if the loan is paid in full within the first three years.