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 offer 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. We'll work to provide you with the best rate and term to fit your individual needs. 

 

Home Equity Line of Credit 

With a Home Equity Line of Credit (HELOC), you can access the equity in your home (up to 80% of the value) anytime with free checks as well as online/mobile 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 necessary documentation to complete your application.  With a HELOC, you'll enjoy:

  • No sudden jumps in monthly payments - your rate adjusts only once a year after the introductory period1
  • Free pre-approvals and fast turnaround time
  • Flexible and convenient access options 

 Apply

 

1-Year Intro HELOC

  • Our current introductory rate is fixed for 12 months at 7.25% APR 
  • Current variable rates after introductory period as low as 7.25% APR (1)
  • No closing costs (1)

 Apply

 

Home Equity Loan (closed-end)

With a closed-end Home Equity Loan, you can apply for a specific amount (up to 80% of your equity) and your 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. Choose the repayment term that's right for you!  Best of all, your payments will be a fixed amount throughout the life of your loan, giving your budget stability. Download the Home Equity Checklist to make sure you have all of the needed documentation to complete your loan application.

  • Low rates on our fixed Home Equity loan with no closing costs (2)
  • No sudden jumps in monthly payments
  • Free pre-approvals and fast turn around time

 Apply

 

Apply For A Home Equity Loan is easy!

Apply     Calculator     Educational Resources     ECOA Information

 

NMLS

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.

For Home Equity Loan Payoff Requests, please fax to 314-329-9896 or email to [email protected].

For Subordination Requests for Home Equity 2nd lien Loans, please email the completed Subordination Request Form, along with the ALL items listed on the form, to [email protected].

The Home Mortgage Disclosure Act (HMDA) Notice about our residential mortgage lending is available online for review.

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1APR=Annual Percentage Rate. * Rates effective 9/18/2025 and subject to change without notice. Introductory rate applicable for the first 12 months following loan open date.  Had there not been an introductory rate, the current best applicable rate would be 7.25% APR. Throughout the life of the loan, the APR may adjust annually based on the Prime Rate published in The Wall Street Journal plus a margin based on credit worthiness. Maximum APR is 15.00%. Rates are based on underwriting criteria; all loans subject to approval. No closing costs incurred when automated value model is used; if loan is paid off and closed within 36 months of opening, member is responsible for reimbursing the credit union for fees paid. Call 800-325-2697 for additional cost information/complete details.  NMLS#509288

2No closing costs incurred when automated value model is used; If loan is paid off and closed within 36 months from opening of loan, member must reimburse the credit union for fees paid.