What is a Home Equity Loan?


A Home Equity Loan is a loan that is secured by the equity you have in your home. Your home’s equity is the amount of home you actually own, in other words the current value of your home minus the amount you still owe on your home. Because a Home Equity Loan uses the equity in your home as collateral, it often allows you to borrow a larger amount than a Personal Loan. Home Equity Loans are different than Home Equity Lines of Credit.

Don’t have equity in your home? Don’t worry! Read about our no equity Equity Edge Loan.

Today’s Home Equity Rates

5 Year Term


Interest Rate



LOANS UP TO $175,000
15 Year Term


Interest Rate



LOANS UP TO $175,000

Ready to Speak with a Home Equity Expert?
Permission to contact: By providing a phone number, I/We consent to receive calls including auto-dialed and pre-recorded message calls from MHVFCU.

What are the Benefits of a Home Equity Loan?

How Do I Get a Home Equity Loan in 4 Easy Steps?

How Can I Use my Home Equity Loan?

The funds from your Home Equity Loan can be used for just about anything!
Check out our list of possible uses, and click to read more.

 Debt Consolidation
 Home Improvement
 Major Purchase

Read the Ultimate Guide to Home Improvements

Home Improvement Tips

Smart Tips for Home Improvements

Download our free guide, “Your Guide to Home Improvements”, to help you get started planning your next project.

Find your Home’s Value

Your home’s value is an estimation of how much it would sell for, if you sold it right now. Knowing your home’s value will help you determine how much equity you may have built up. Use the Home Value Tool to estimate the current value of your home, but keep in mind a formal appraisal may be required.

Find your Home’s Value now.

Calculate Your Home Equity Loan Payment


Use our Home Equity Loan Calculator to estimate your home equity payment based on the amount you want, desired term and interest rate. Understanding how much your monthly payment will be can help you determine a loan amount you can afford.

How to Apply for a Home Equity Loan

With over 100 years of combined experience, our Mortgage experts will help guide you through the entire Home equity process.

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Don Spiro


Branches Covered:
Kingston, Saugerties, Woodstock & Westchester County

NMLS #: 515614

Apply Now With Don

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Bill Walsh


Branches Covered:
Red Hook, Rhinebeck, LaGrange,
Poughkeepsie & Putnam County
NMLS #: 454307

Apply Now With Bill

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Denise Quinn


Branches Covered:
Middletown, Fishkill & Rockland County

NMLS #: 454310

Apply Now With Denise

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Tim Zwart


Branches Covered:
Newburgh & Port Ewen

NMLS #: 454311

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Branches Covered:
Highland, Hurley Ave. & Sullivan County

NMLS #: 184229

Apply Now With Sean


Permission to contact: By providing a phone number, I/We consent to receive calls including auto-dialed and pre-recorded message calls from MHVFCU.
Have a Question? We’ll Contact You

See What the Mid-Hudson Valley has to say About us

When we were looking for a Home Equity product to finance our son's college education, we did do comparison shopping in the area. Working with the MHV staff was such a pleasant experience. The electronic pre-closing and final closing made the whole process a breeze. MHV truly understands the needs of families, the flexibility and features of their Home Equity products are much better than similar products available from other financial institutions in this area.

Man Mohan Singh

My experiences with MHV has been great! The I recently applied for a Home Equity loan. The service was wonderful! Everyone that handle my loan was courteous, everything was explained no matter how many question I asked.

Anna Wilson

Frequently Asked Questions


*Closing costs paid by the Credit Union may be recaptured if loan is closed/terminated within the first three years on loan amounts up to $175,000. For example: 60 monthly payments of $18.70 per $1,000 borrowed at 4.625%. Payment example does not include amounts for taxes and insurance premiums. Actual payment obligation may be greater.