Home Equity Loans

If you have built up equity in your home, apply now to use that equity to get a loan for home improvements, school tuition, bill consolidation or even a vacation. Enjoy home equity loan rates as low as 6.74% APR* for 36 months.

If you want to take advantage of your home’s value, enjoy the flexibility of a line of credit, but the peace of mind of a fixed rate, check out our Platinum Fixed Rate Home Equity Line of Credit, with rates as low as 6.74% APR*.

American Heritage offers a variety of different Home Equity Loan and Home Equity Line of Credit (HELOC) products to best fit your needs. Take a look below of our personalized options and tap into the equity in your home! 

Fixed-Rate Home Equity Loans

  • Loan amounts from $5,000 to $1,500,000
  • Terms up to 20 years
  • Borrow up to 95% of your home’s value
  • Fixed monthly payments
  • For the homeowner who needs a consistent and manageable monthly payment.

Gold Home Equity Line of Credit

  • Credit line from $10,000 to $1,500,000
  • Borrow up to 95% of your home’s value
  • 5-year draw period
  • Principal and interest payments (based on a variable rate)
  • Minimum withdrawal amount is $1,000
  • Enjoy the flexibility to use and repay available funds for a longer draw period.

Platinum Fixed-Rate Home Equity Line of Credit

  • Unique Fixed-Rate HELOC
  • Gain peace of mind with fixed monthly payments
  • Borrow up to 95% of your home's value
  • 3-Year Draw Period
  • 5-Year, 10-Year, & 15-Year repayment options
  • Variety of line of credit amounts starting at $5,000 to $1,500,000
  • Payments Won’t Start Until the Line is Utilized
  • Fixed monthly payments will help you budget better as you spend and repay funds.

Interest-Only Home Equity Line of Credit

  • Credit line from $10,000 to $1,500,000
  • Borrow up to 95% of your home’s value
  • 3-year draw and interest-only period
  • The lowest monthly payments (based on a variable rate)
  • Low origination fee
  • Minimum withdrawal amount is $1,000
  • Only pay interest on the funds you use during the draw period and benefit from lower monthly payments.

For a full list of Home Equity Loans terms and Annual Percentage Rates (APRs) please visit our Rates page here.

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Product Comparison Table

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PRODUCT TYPELOAN AMOUNT RANGE
DRAW PERIODTERM PERIOD% BORROWED OF HOME VALUEMINIMUM WITHDRAWAL AMOUNT
Fixed Rate Home Equity Loans$5,000-$1,500,000n/aup to 20 yrs95%n/a
Gold Home Equity Line of Credit$10,000-$1,500,0005 yrn/a95%$1,000
Platinum Fixed-Rate Home Equity Line of Credit$5,000-$1,500,0003yr5, 10, 15 yrs95%n/a
Interest-Only Home Equity Line of Credit$10,000-$1,500,0003yrn/a95%$1,000

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SAFE Act

In compliance with stipulations required under the SAFE Act, American Heritage Credit Union is hereby listing the unique identifier information, also known as the NMLS#, for American Heritage Credit Union below:

American Heritage Credit Union: #433838 | Bryan Eichenbaum: #1447517 | Marylou Denzler: #449095 | Angela D Poe-Mason: #449073 | Amanda Michalczyk: #527975 | Matt Lista: #449176 | Nicole Zieminski: #925529 | Daniel DiMartini: #1180834 | Arlene Calamaya: #800200

Rates and promotions effective as of October 1, 2024, and are subject to be cancelled, extended, or changed without notice. Annual Percentage Rate (APR) is increased by .25% without payroll deduction or automatic payment. Annual Percentage Rates on these products are determined by an evaluation of applicant credit, collateral valuations, length of term and other considerations. Your rate may vary from the rate shown.

Sample Home Equity Loan Monthly Payment: $30.44 for every $1,000 borrowed at 5.99% APR at 36 months (Up to 80% LTV).

Annual Percentage Rate for the Gold Home Equity Line of Credit Rate is as low as 51 basis points below the highest prime rate as published in the Money Rates Section of the Wall Street Journal in effect on the last business day of each calendar month of each year. Rate cannot fall below 3.74% APR or exceed 14.99% APR.

  • Minimum Payment Example: If you made only the minimum monthly payment and took no other credit advances it would take 10 years 1 month to pay off a credit advance of $10,000 at an Annual Percentage Rate of 3.74%. During that period, you would make 120 payments of $100.00 and one (1) final payment of $2.25.
  • Maximum Rate and Payment Example: If you had an outstanding balance of $10,000, the minimum payment at the maximum Annual Percentage Rate of 14.99% would be $139.89. This annual percentage rate could be reached at the time of the 1st payment. Rates on these products are determined by an evaluation of applicant credit, collateral valuations, length of term and other considerations. Your rate may vary from the rate shown. Homeowners Insurance and Flood Insurance, if applicable, is required. Closing costs may apply for certain non-owner-occupied properties and interest-only loans. Recording fees may apply in certain counties.

Sample Platinum Fixed-Rate HELOC (3DP/5A) Payment Example: $19.67 for every $1,000 borrowed at 6.74% APR at 60 months (Up to 80% LTV). Minimum monthly payment amount is $20. Borrower has a 36-month draw period from loan opening date to advance funds from line of credit. Homeowners Insurance and Flood Insurance, if applicable, is required. Closing costs may apply for certain non-owner-occupied properties and interest-only loans. Recording fees may apply in certain counties.
 
Annual Percentage Rate for the Interest Only Home Equity Line of Credit is as low as 25 basis points below the highest prime rate as published in the Money Rates Section of the Wall Street Journal in effect on the last business day of each calendar month of each year. Rate cannot fall below 3.99% APR or exceed 15.49% APR. There is an origination fee of $100.

  • Minimum Rate and Payment Example: If you made only the minimum monthly payment and took no other credit advances it would take 7 years 7 months to pay off a credit advance of $10,000 at an Annual Percentage Rate of 3.99%. During that period, you would make 36 payments of $30.61 to $33.89, followed by 54 payments of $200.00 and one (1) final payment of $155.19.
  • Maximum Rate and Payment Example: During the draw period, if you had an outstanding balance of $10,000, the minimum payment at the maximum Annual Percentage Rate of 15.49% would be $131.56. This Annual Percentage Rate could be reached at the time of the 1st payment. The Interest Only Home Equity Line of Credit has a term of 276 months and provides for the payment of interest only for the first 36 months of the term and payments of principal and interest for the remaining 240 months of the term. During the interest only period, principal is not reduced, and your payment may vary monthly depending on the number of days in the month. At the end of this period, your monthly payment will increase, possibly substantially, because you will be required to pay down the outstanding principal. The minimum payment during the remaining 240 months is $200.00. Always consider paying more than the minimum payment to pay down the principal. Rates on these products are determined by an evaluation of applicant credit, collateral valuations, length of term and other considerations. Your rate may vary from the rate shown. Homeowners Insurance and Flood Insurance, if applicable, is required.


LTV = Loan to Value; DP = Drawing Period; A = Amortization.