Home Equity Loans


Win Up to a $1,0002 with a

Home Equity Line of Credit Loan

Rates as low as 4.24% APR*

Woman with a paint roller

Possibilities Await — Thanks to Your Home!
Phoenix market trends show a 101% increase in median home sales over the past five years.1

  • Home Renovations
  • New Swimming Pool or Updates
  • Medical Expenses
  • Updated Landscaping
  • Debt Consolidation
  • Dream Vacation

You Could Win $1,0002

For every $1,000 advance you take on your Home Equity Line of Credit until April 29, 2017, you will receive an entry into the drawing! Advance your line $5,000 — receive five entries.

Apply Today!

Visit any Canyon State Credit Union Branch or call 623.580.6000.

Advantages of Canyon State Credit Union HELOC Loans

  • Low variable rates
  • Easy application and quick approvals with local decision making
  • No closing costs
  • No prepayment penalty
  • No annual fee or inactivity fee
  • No minimum draw amount
  • Draw period of 10 years with up to a 15-year repayment plan
  • Interest may be tax deductible (consult a tax advisor)

Apply Now

*Annual Percentage Rate. Rate is based on 85% Loan To Value (LTV). Your rate may be higher depending upon your credit.
1 According to Trulia.com
2 For official rules, click here

Apply today online or by visiting your nearest Canyon State Credit Union branch or by calling 623.580.6000 or 800.224.3330.  Our knowledgeable and professional real estate experts can guide you every step of the way!

Fixed Rate Home Equity Loan

Make your house a home with our low rate Home Equity Loan.  Rates as low as 4.00% APR*  If you prefer a fixed rate and term this may be exactly what you need!  Talk to one of our loan professionals today! 

What is the difference between a Home Equity Line of Credit and a Home Equity Loan?

A Home Equity Line of Credit (HELOC) is a secured open-end variable rate loan that unlocks the value of your home allowing you to borrow against the equity.  You can borrow as much or as little as you need up to your pre-set limit.  You’ll have easy access to your money and only pay interest on the amount you withdraw and not the entire line amount.  A HELOC might make more sense if you need to borrow smaller amounts over a longer period.

A Home Equity Loan (closed end loan) lets you borrow a fixed amount at a fixed rate, secured by the equity in your home, and receive your money in one lump sum.  The interest rate on your fixed-rate Home Equity Loan won’t change and neither will your monthly payment.  A home equity loan makes sense if you need a large amount of money all at once for a specific project.

*  APR = Annual Percentage Rate.  Rates as low as 4.00% APR.  This is the credit union's best rate.  Your rate may be higher.  The rate is determined by your individual credit worthiness and credit union parameters.