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Fixed rates, no surprises
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Receive funds as a lump sum
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Up to $200 closing cost rebate
Your home could hold the key to achieving big things.
What plans do you have in mind? Maybe you're updating your home, consolidating debt, paying for college, or financing a major purchase. There are plenty of possibilities, and all can be realized with home equity loans from Clearview Federal Credit Union. Our local lending team in Pittsburgh, PA makes the process as easy as possible so you can get the loan you need to get to work.
Home equity loans made simple
- Predictable monthly payments you can plan around
- Borrow up to 90% of the appraised value of your home (minus what you owe on your mortgage)
- Flexible repayment terms from 5 to 20 years
- Minimum loan amount of $10,000
Choose the right home equity option
Feature | Home Equity Line of Credit | Home Equity Loan |
|---|---|---|
Best for | Ongoing expenses | One-time expense |
Loan Terms | 10-year draw + 20-year repayment | 5, 10, 15, or 20 years. |
Rate | Variable | Fixed |
Funding | Access through digital banking or checks | One lump sum |
Loan to Value | Borrow up to 100% | Borrow up to 90% |
Current home equity loan rates in Pittsburgh, PA
6.24% APR
No application fee • Local decisions • Friendly guidance
Home equity loan basics
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Understanding home equity loans
A home equity loan allows you to borrow against the value of your home with a fixed interest rate and predictable monthly payments. You receive the funds in a one-time lump sum, making it a great option for large expenses like home improvements, debt consolidation, or education costs.
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How home equity loans work
Home equity loans are based on the difference between your home’s current market value and what you owe on your mortgage. Once approved, you receive your funds upfront and repay the loan over a set term, ranging from 5 to 20 years, with consistent monthly payments.
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Determining equity in your home
Before you apply for a home equity loan, try using our calculator to help calculate your equity. Equity is your home's current market value minus the remaining balance on your mortgage.
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Compare Home Equity Loans and HELOCs
Both options let you borrow against your home’s equity, but they work differently. Home equity loans offer a fixed rate and lump sum, while HELOCs provide flexible access to funds with variable rates. The right choice depends on how you plan to use your money.
Home equity loans FAQs
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For new members, you can apply using our online application, by starting a video call with Clearview Live®, by visiting your local financial center, or by calling us at 1-800-926-0003.
For current Clearview members, you can apply using our online application, through digital banking by selecting Add Product, by starting a video call with Clearview Live®, by visiting your local financial center, or by calling us at 1-800-926-0003.
Once an application is completed, it’s either sent to underwriting for review, or for closing if it has been pre-approved or instant approved.
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Clearview offers competitive rates and flexible repayment terms. View our current home equity rates and terms.
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For additional questions contact our Care Center by calling 1-800-926-0003 or fill out a form below and someone will reach out.
Questions? Talk to a local lending expert.
Get personalized guidance and answers in as little as one business day.