Home Equity Options

With low closing cost options, great rates and terms, you can use the equity in your home to pay for college tuition, debt consolidation, computers or even a vacation. Our low rates and easy application procedures are also ideal when considering home improvement projects such as a pool, kitchen remodeling, or room additions.

Finance big expenses at a low rate and draw on your line for up to 5 years. With OU Federal Credit Union’s Home Equity Lines of Credit, you’ll also enjoy:

• Only borrow what you need, when you need it!
• 5 year draw, 10 year payback for lines of credit
• Prime based rates
• 5, 8, and 10 year options for equity loans
• Minimum monthly payment of 1 & 1/2% of the outstanding balance for lines of credit
• No early repayment penalty
• No attorney needed
• Interest may be tax deductible*

*Please consult your tax advisor on the deductibility of interest.