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Phone: 708-343-0228

Toll Free: 800-550-9022

(outside of Chicagoland)

Home Equity

It’s your future, faster. Make the most of your home's value by taking advantage of the equity you've been building. We offer both fixed and variable home equity loan products at rates & terms that make sense for your budget.

With a Home Equity Loan from Access Credit Union, you can utilize up to 80% of your home's value, minus the balance of your mortgage, to make improvements.

The specifics:
  • With a Line: No closing costs with a $10,000 advance at closing and if the loan is not closed within 12 months of opening, Borrowers enjoy a 10-year draw period where they can make interest only payments. After that, there is a 15-year re-payment period.
  • Fixed Home Equity Loan terms range from 4 to 10 years.
  • There is a $150 application fee.
  • Home must be located in the state of Illinois.
  • Homeowner must provide evidence of adequate insurance before disbursal of funds.
  • Federal law requires a three-business-day rescission period. Upon expiration of the rescission period, funds will be disbursed unless Access Credit Union receives written notice that the right to rescind has been exercised by any party with that right.
Getting started:

Complete the Home Equity Information Request Form. Members of Access Credit Union can apply for any loan and request a Home Equity Loan Information Packet.

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Request an HE Loan Packet


10 and Done!

Whatever amazing looks like for you, we’ll help you get there quicker. Pay off your home sooner with no closing costs!

This fixed rate mortgage is designed for people who have been in their homes a while who have seen the refinancing bonanza pass them by. Also it has no closing costs as long as the loan is not paid off within a year. This loan is perfect for anybody who wants to lower their rate, shorten the time on the loan, and possibly lower the payment.

Take the next step and start the application process today. Request more information about our 10 and Done! loan and one of our loan counselors will get in touch with you on the next business day during normal business hours. Remember to mention 10 and Done! In the Comments section.

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  CU/America - Your Credit Union's First Mortgage Division

See Today's Mortgage Rates

Access Credit Union and our mortgage processing partner CU/America Financial Services, Inc. understand what it means to provide mortgage services to Credit Union members; sophisticated offerings with main street sensibilities.

CU/America offers many different mortgage products and rates to fit your individual lending needs and prides itself on finding and/or tailoring a mortgage program to fit your specific requirements.

The specifics:
  • Same day pre-approvals
  • First time home buyer programs
  • FHA and VA loans
  • Up to 97% financing
  • Reverse mortgages for our senior members
  • Plus multiple terms to choose from: 10, 15, 20 and 30 Year Fixed Rate Mortgages
  • Adjustable Rate Mortgages Are Also Available

CU/America is owned by eight Illinois credit unions. In 1994, as an effort to offer trusted mortgage service products, these credit unions formed the mortgage company, CU/ America Financial Services, Inc.

See Today's Mortgage Rates & Apply Online

Contact CU/America at (630) 620-5200