Download the App

HELOC vs Home Equity Loan

One of the biggest advantages of owning your own home is the equity that you build in it. Equity is the vault of value your home has and is the difference between the market value of your house and the amount you owe.

How to calculate your home equity

To determine how much equity you have in your home, figure out the difference between the appraised value of your home and your current mortgage balance.

Your home’s equity gives you the ability to use a Home Equity loan or a Home Equity Line of Credit (HELOC) (All loans subject to approval) for what you need - home improvements, consolidating debt, taking a trip, education, etc. These home loan options help make the most out of your home’s value. So, out of the two, which will work best for you?

A Home Equity Line of Credit (HELOC)

  • Allows you to take out a loan using your home’s equity
  • Borrow as much or as little as you need
  • A Numerica HELOC includes a HELOC Visa® card, making it easy and convenient to use your funds
  • Flexibility to transfer a portion or all of the balance to a fixed-rate loan
  • During the time you can borrow from the line of credit, monthly payments often only cover the interest

A Home Equity Loan

  • Commonly referred to as a second mortgage
  • Paid in one large, lump sum
  • Typically has a fixed interest rate on the entire balance

Want to know more? Stop by your favorite branch or call 800.433.1837.



 HELOC+Numerica Visa debit card, woodgrain, brown and tan=smiley face, on blue background

Lock in a great rate on your HELOC!

For a limited time, apply for a Home Equity Line of Credit (HELOC) 12 month introductory rate of as low as 3.99% APR*. The current APR is as low as 5.75%.**

To add to the fun, we’re proud to introduce our new HELOC Visa® card that makes using funds on the go easy and convenient. Now that’s a win win.

Want to take advantage of this amazing offer? Apply for your HELOC in person at a branch or give us a call 800.433.1837. Hurry, this offer ends May 31, 2019.

Apply Online     Apply at a Branch

Here’s the legal stuff. *APR = Annual Percentage Rate, 12 month introductory rate of 3.99% APR includes relationship discounts. The current APR is as low as 5.75% effective 03/22/2019. Offer good March 1 - May 31, 2019. LTV up to 90% on primary/secondary residence and 75% on investment property. Not available on refinance of Numerica loans or on residences outside Washington or Idaho. Rate will increase after 12 month introductory period, depending on credit score and Prime rate and may change quarterly thereafter. The indexed rate is Prime + Margin. Prime rate is the Wall Street Journal Rate and as of 03/22/2019 is 5.50% and is subject to change. **Margin can be a minimum of .25% and a Maximum of 5.75%, depending on credit score, occupancy and relationship discounts. Variable rate will not be lower than 2.99% APR or higher than 18% APR. Subject to credit approval. Other terms and conditions may apply. If a full appraisal is required, the cost of the appraisal is the responsibility of the member. Credit Union membership fee is $20.

Today's Rates

April 20, 2019

Home Equity Line of Credit

as low as 5.75% APR


as high as 3.05% APY

Visa Rates

as low as 10.24% APR

Mortgage Rates

as low as 4.140% APR

Auto/Truck (New/Used)

as low as 3.74% APR

Bonus Checking

2.00% APY

Have a question?