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. American Heritage has a variety of Home Equity Loan programs to match your needs and financial status.

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.

Product Comparison Table

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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

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


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Home Renovation Costs: How to be Smart with Your Tax Refund

By: American Heritage

Whether you receive a large or small refund check this tax season, a check from Uncle Sam is an added bonus to the beginning of spring and new possibilities. One fun way to spend your tax refund check? Home renovations!

Before you bring your Pinterest board to life, it’s smart to plan ahead and think about ways to save on home renovation costs, so that you can get the most bang for your buck, while also boosting the value of your home.

To help get you started, check out the below home improvement ideas—broken down by category and ranging from low to high-end upgrades—that will help you think creatively about how to best spend your tax refund money on home renovations and stretch your dollar even further.


  • Refresh landscape: Now that spring has officially sprung, new landscaping is a home renovation cost that can go a long way, and range from budget-friendly updates to large-scale projects. For example, you can put your green thumb to work and create a flower bed area in your yard, lay fresh sod, or rent a pressure washer to help breathe new life into your sidewalk and patio.
  • Apply fresh exterior paint: A fresh coat of paint can really amp up your curb appeal. You can either go DIY or hire contractors to do the job. For this type of update, “expect labor to be around $1,200 for a 2,100-square-foot, two-story home and quality paint to run you up to $70 a gallon (Trulia).


  • Update your backsplash: Kitchen home renovation costs tend to be the most costly. The good news is that small upgrades go a long way, like backsplashes. For example, “you can go super-DIY and buy peel-and-stick backsplash tiles, which are inexpensive and removable, but look luxe” (Forbes).
  • Buy a new appliance (or two): While buying a new appliance can be expensive (who knew refrigerators were so expensive?), they can help freshen up any kitchen. To keep this home renovation cost down, ask the appliance seller if they have any floor models that they’d be willing to sell at a discounted rate—which could save you a nice bit of cash. Also be sure to check out any “scratch and dent” options – often times there are stores in your local area that will sell deeply discounted appliance due to one minor dent or scratch.


  • Upgrade lighting: New light fixtures are a great way to enhance the decor in any room—especially a basement. Plus, this is a home renovation project that is perfect for DIYers, and depending on your selected light fixture, is an affordable one. For instructions on how to update your light fixture, check out this video from Home Depot.
  • Install new flooring: Perhaps one of the most expensive home renovation costs on our list is new flooring, especially hardwood, which is a coveted and pricey upgrade. As general guidance, “You can expect to pay anywhere from $7 to $12 per square foot for quality hardwood flooring—potentially more if you choose professional installation. But this favorite home upgrade can return 1.5 to two times its cost when you sell, so it’s a worthy investment” (Forbes).

Take the next steps...

Apply for the home equity solution that fits your needs.


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

AMHFCU | #433838

Bryan Eichenbaum | #1447517, Marylou Denzler | #449095, Paul M Fox | #449146, Angela D Poe-Mason | #449073, Amanda Michalczyk | #527975, Matt Lista | #449176, Nicole Zieminski | #925529

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