Home Equity GET A LOAN | HOME EQUITY HOME EQUITYACCESS THE FUNDS YOU’VE WORKED HARD TO EARN Let your home foot the bill for anything you wish with a Home Equity Loan (HEL) or Home Equity Line of Credit (HELOC). We’ll help you turn your built-up equity into the cold, hard cash you need for home renovations, debt consolidation, college tuition, a dream vacation, and more! Let’s see what’s possible. Talk with us about accessing your home’s equity! HELOC -VARIABLE RATE10-Year Draw + 10-Year Payback As low as WSJ Prime+0 APR1 INTEREST-ONLY HELOC -VARIABLE RATE (10-Year Draw + 10-Year Payback) As low as WSJ Prime+0 APR2 SEE ALL RATES HOME EQUITY OPTIONSHOME EQUITY LINE OF CREDIT A home equity line of credit (HELOC) gives you the flexibility to borrow only what you need, when you need it. No interest payments are paid for money that is not used. The variable interest rate is based on the prime interest rate posted in the Wall Street Journal. Your rate will depend on credit limit, credit qualifications, and loan-to-value (LTV) ratio. Credit line up to $250,000 $25,000 minimum credit line amount. $10,000 minimum draw required at closing. Access funds by check, credit card, or transfer to your Ohio Catholic checking account 10-Year draw period Repayment period up to 240 months (20 years); an additional 10 years beyond the 10-year draw period Up to 100% loan-to-value (LTV) ratio No transaction fees No prepayment penalty and no early termination penalties if HELOC is kept open for two years or more GET STARTED NOWHOME EQUITY LOAN / FIXED SECOND MORTGAGE A home equity loan (or fixed second mortgage) allows you to borrow what you need with a fixed rate and payment for the life of the loan. Your rate will depend on credit limit, credit qualifications, and loan-to-value (LTV) ratio. Loans up to $250,000 Terms from 5 years to 15 years Competitive low fixed rates Fast and easy approval process Up to 79.99% loan-to-value (LTV) ratio Low minimum payments No prepayment penalty and no early termination penalties if HEL is kept open for two years or more GET STARTED NOW Talk With Us Call (216) 478-0067 or chat live online during business hours. CALL US Get A Quote It only takes a minute to request a loan quote. We’ll contact you to discuss your options. GET A QUOTE Apply Online Submit your loan application online from your device. APPLY ONLINE Make the Most of Your Money With Ohio Catholic Discover how you can unlock your money’s potential and achieve your financial goals with the help of the Ohio Catholic Federal Credit Union! SEE ALL THE POSTS 2023 Annual MeetingEarly Branch ClosureDue to the 2023 Annual Meeting, the Garfield Branch will close at 3:30pm on March 22. Members can […]Drive Thru AlertDue to the installation of new equipment, the drive thru window at our Macedonia Branch will be unavailable […] SEE ALL THE POSTS Every experience I’ve had dealing with OCFCU has been excellent. Everyone is always very helpful and courteous. Allison S.,OCFCU Member Consistently competitive rates and outstanding customer service. Michael S.,OCFCU Member Banking is easy and pleasant. The tellers are very accommodating and well-educated. Bernadette L.,OCFCU Member Math is Hard (Sometimes) Let us help you crunch the numbers with our financial calculators. LEARN MORE