CODE has Home Equity Loans to suit every homeowner and every need. Use the power of your home’s equity to consolidate high-rate bills, work on home improvements or for other major expenditures.
Closed-end Home Equity Loans
Borrow up to 90%* of your home’s value minus your first mortgage balance. This loan is ideal for a one-time advance of cash. Features include:
- Low fixed rate.
- Convenient terms up to 15 years
- Limited fees
- Simple process
*subject to credit qualifications and verification of asset value.
Home Equity Lines of Credit
Let this flexible credit line provide you with extra cash when you need it most. Write yourself a loan anytime, for any reason, up to your credit limit, without reapplying*. There are no maintenance or withdrawal fees. Borrow up to 80%** of your home’s value minus your first mortgage balance. With low rates and an affordable payment, this credit line is perfect to:
- Pay for educational expenses
- Fund home improvement
- Consolidate debts
- Fund a large purchase
- And more
*CODE’s Home equity credit lines have a draw period of 60 months. Talk to a Financial Service Representative for more details. ** subject to credit qualifications and verification of asset value.
Quick Draw Loan
This loan is perfect for those with limited equity. Borrow up to 100%* of your home’s value minus your first mortgage balance with limited closing costs. Maximum loan amount is $20,000.
- Designed for homebuyers with limited equity
- Low fixed rate loan
- Terms up to 84 months
- Closing costs are kept to a minimum
*subject to credit qualifications and verification of asset value.