
Home Equity Loan
Put your equity to work.
Use your home equity to increase its value or as a low-rate, cost-effective loan.
Get the money you need in a convenient, single payout for debt consolidation, home improvements, medical expenses, and more. With great terms and low rates, you can borrow up to $750,000.
Make home improvements
Ready to make that big kitchen renovation? Or finally turn your basement into a home office? Your equity is calculated by subtracting your mortgage balance from your home’s appraised value so this could be a lot of cash to spend on any project you choose.
Pay college tuition
Is your child headed to college soon? It might be a great time to tap into the equity of your home to cover the cost of tuition, room and board, books, and so much more.
Consolidate your debt
Combine your high-interest debt to create one monthly low-interest payment with your home’s equity. This is a great option if you’re having trouble paying other bills because of added interest.
Emergency expenses
If you can’t access any other cash reserves, your home’s equity can be a great way to stay afloat until you get back on your feet.
Choose your Home Equity Loan Officer.
You can call or email us to answer questions or get advice. We’ll help you determine what’s best for your situation. We’re always just a call or email away!
Home Equity Loan Officers are based in the Norman Cohen Building at 2701 Tower Oaks Boulevard, Rockville, MD 20852.

Norbert Fichtel
Cell: 202-603-1223
Office: 240-292-5526
Our members say the nicest things.
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I moved to Washington, DC in 1994 to take a position with the Peace Corps. I was so fortunate to learn that Peace Corps staff were eligible to become members of LFCU. After a few years in Washington I was ready to purchase a condo in Arlington and approached LFCU about obtaining a mortgage. My previous experiences with mortgages from a bank had been slow and difficult to understand with high interest rates. With LFCU I was so pleasantly surprised the process was much easier, the staff was much more responsive and friendly and, most importantly, the fixed rate mortgage rate was so much lower than I could have received from a bank.
William E.
We’re here to answer your questions.
By making extra payments on your mortgage you could build equity faster and reduce your amortization period, resulting in paying off your mortgage sooner, paying less interest overall and becoming an attractive risk for lenders.
Use this calculator to find out if you should consider making extra payments on your mortgage.
Not finding what you’re looking for? Contact us
Ready to apply for a Home Equity Loan?
Disclosures
*Minus first mortgage balance. Certain fees, conditions and restrictions may apply. Home Equity Lines of Credit and Home Equity Loans are secured by your home. If you’re paying off an existing real estate loan, the Credit Union does not cover costs imposed by other lenders, if any. Rates and terms subject to change without notice. Loan approval subject to credit evaluation. NMLS 464425
Home Equity Loans and Home Equity Lines of Credit are not available in Texas.
HOME MORTGAGE DISCLOSURE ACT (HMDA) NOTICE: The HMDA data about our residential mortgage lending are available online for review. The data shows geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s website.
Equal Opportunity Lender.