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Home Equity Loans

You've put a lot of work into your home over the years. Now it's time for your home to work for you. When you have large expenses or want to consolidate debt at a better rate, consider our home equity loans and lines of credit. They're designed to help members get the money they need from their Delaware and Maryland homes.

The Money You Need, Under One Roof

Whether you need money for a project or big purchase, we'll help you figure out which home equity option works best. Our home equity loan and HELOC rates are structured to deliver maximum value because we're a not-for-profit institution that invests in you, our member.

Home Equity Loan

  • Good option when you need a specific amount of money within a limited time frame
  • Terms up to 20 years
  • Finance up to 100% of your net appraised value if Tidemark Federal Credit Union holds your first mortgage
  • Finance up to 80% of your net appraised value ($100,000 max) if another institution holds your first mortgage

Home Equity Line of Credit

  • Access money whenever you need it, just as you would through a credit card.
  • Finance up to 100% of your home's net appraised value if Tidemark Federal Credit Union currently holds your first mortgage or finance up to 80% of your home's net appraised value if another institution holds your first mortgage, depending on credit history and other factors.
  • Variable rate adjusts quarterly.

Home Improvement Loans

Ready to move forward with your home improvement project? We have the renovation loan options to fit your plans and budget. Depending on the equity in your home and the scope of your project, you can qualify for either a line of credit or a loan. Whether your home is in Delaware or Maryland, we want to help you get the financing you need to improve your living space.

Financing For Your Special Home Project

Our Home Improvement Loan is structured in different ways, depending on your circumstances. If you have sufficient equity in your home, this loan becomes available as a line of credit.

If you lack equity but have a first mortgage with us and your improvements are not more than 25% of the as-built value of your home, you can finance the improvements as a partial construction loan that converts to a home equity loan.

If you lack equity, your first mortgage is held elsewhere and your project is beyond the 25% threshold, your loan will become a new construction-to-permanent loan.

We're here to guide you, so contact us to discuss your plans and find out how funds from our Home Improvement Loan can be disbursed to you.