Home Equity Loans

Home improvements...bill consolidation...your child's education...your dream vacation. No matter what your big ideas are, Neighbors Credit Union has a solution for you—a low-interest home equity loan.

At Neighbors, we build fixed and line of credit home equity loans to fit the unique needs and lives of our St. Louis community members, all in a friendly, smaller environment that reminds you of a home itself. Neighbors ensures its members receive the lowest available home equity loan rates with terms that best fit their situation. We are a not-for-profit, which gives us the freedom to do what's right for you.

Home Equity Line of Credit (HELOC)

With a Home Equity Line of Credit (HELOC), you can access this revolving line of credit (up to 95% of your equity) anytime you need it, including with free checks and online advances. This loan is ideal for you if you plan on accessing your funds for varying amounts at varying times. You can use the funds for anything you choose! Download the Home Equity Checklist to make sure you have all of the correct documentation to complete your loan.

  • Introductory rates that are fixed for 12 months as low as 1.99% APR with checking and direct deposit and no closing costs1
  • Without checking and direct deposit, the introductory rate would be 2.95% APR.1
  • Current variable rates as low as 4.75% APR1
  • No appraisal or balance transfer fees2
  • No sudden jumps in monthly payments - rate adjusts once a year
  • Free pre-approvals and fast turn around time



Home Equity Closed End

With a Home Equity Closed End loan, you can apply for a specific one time amount (up to 95% of your equity depending on credit worthiness) and payments won't change for the life of the loan. This home equity loan is ideal for you if you know exactly how much you need and only require a one-time payout. In return, your payments will be a fixed amount over set period of time, giving your budget more stability. Download the Home Equity Checklist to make sure you have all of the correct documentation to complete your loan.

  • Low rates on our fixed Home Equity loan with no closing costs2
  • No appraisal or balance transfer fees2
  • No sudden jumps in monthly payments
  • Free pre-approvals and fast turn around time



8-Year & 12-Year Home Refinances

At Neighbors, we believe your home equity can make big dreams come true - including retiring without mortgage payments. With this special first-lien loan, you can take advantage of historically low rates and refinance your existing mortgage loan without paying for closing costs.1 It’s all about having a plan, before you ever sign the dotted line. Let’s dream, together.

If you have any questions, please contact us at (314) 892-5400. 



Apply For A Home Equity Loan

There are several easy ways to apply for a Neighbors Credit Union loan.

  • Online - Apply online 
  • Mobile App – Apply on our mobile banking app
  • Phone - Call (314) 892 - 5400, extension 11364
  • Branch - Visit one of our locations and ask to speak with a Home Equity Representative

Apply     Calculator     Educational Resources     ECOA Information



The Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) established a national registry for mortgage loan originators called the Nationwide Mortgage Licensing System and Registry (NMLS). This registry is maintained by the federal government and assigns each registered professional a unique identification number that is provided to consumers upon request and on certain loan documentation. Additionally, each financial institution is provided with a unique identification number. The Credit Union’s NMLS ID number is 509288.


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1APR=Annual Percentage Rate. Rates are variable and accurate as of 11/18/2019. Introductory rate is applicable for first year of loan with checking and direct deposit. If refinancing an existing HELOC, the introductory rate of 2.95% may be available with an additional $20,000 draw at closing. Rate is subject to change and is subject to credit qualifications. Other rates and terms are available. No additional discounts. Had there not been a rate discount, the applicable rate would have been 4.75% APR. The APR will adjust annually during the life of the loan based on the Prime Rate published in The Wall Street Journal, plus a margin that is based on credit worthiness. Maximum APR is 15.0%. Consult a tax advisor concerning tax deductibility. Membership eligibility required. Restrictions apply. Contact Neighbors Credit Union for details. 2If loan is paid off and closed within 24 months from opening of loan, member must reimburse the credit union for fees paid.