The HELOCK home everything loan


When you can't decide... don't. 

Financing that's flexible when you want it and locked when you need it. Lock in a special introductory rate today!

Apply Now   

Benefits of our Home Equity Loan

  • Low closing costs1
  • Potential for tax-deductible interest2
  • Ability to lock your balance into a low, fixed rate for terms up to 10 years3
  • Rates as low as prime minus .50%4
  • Borrow up to 100% of the value of your home5
  • No prepayment penalties
  • Interest-only payment options

Apply Now   



For complete Home Equity Loan details, please call us at 865-482-1043 and connect with a Home Equity Consultant.

Connect with a Consultant

Not a member? Not a problem! 

You are eligible to join Y-12 Federal Credit Union if you live, work, worship or go to school in Anderson, Blount, Campbell, Knox, Loudon, Roane, Sevier or Union counties in East Tennessee, or if you have an immediate relative (parent, sibling, spouse, child, grandparent, grandchild, step-parent, step-sibling or step-child) who is already a member.

Open An Account   

This loan is eligible for Loyalty Rewards redemption*.

*APR is Annual Percentage Rate. Subject to credit approval. Membership is required. Payment example: as of April 1, 2022, fixed up to 120 months at 4.74% with monthly payment at $10.49 per $1,000.

  1. Low closing costs for new Home Equity Loans only. Closing costs range between $300-$3,800.
  2. Check with your tax advisor regarding deductibility.
  3. Lock in up to five fixed rate advances at one time. First rate lock is free, $35.00 for each additional. Must have a credit score of 620 or higher to qualify for interest only payments or 100% LTV Home Equity Loans.
  4. After the six-month introductory period the rate will revert to the floor rate of 3.99% or the Prime Rate as published in the Wall Street Journal plus or minus a margin, whichever is higher. Your actual rate will be based upon your credit worthiness and loan-to-value. As of 04/01/2022 the variable rate offered on the Home Equity Loan would be 6.50% APR. As of 04/01/2022, the best rate on the Home Equity Loan interest-only is 4.00%. The APR will not vary above 18% APR nor below 3.99% APR on either product. Prime rate as of 03/17/22 is 3.50%.
  5. Maximum LTV is 100% for Home Equity Loans with principal and interest payments and 90% for Home Equity Loans with interest only payments. Property insurance is required. Offer only applies to new Home Equity Lines of Credit opened on or after 4/17/2017. Existing Home Equity Lines of Credit are not eligible for the introductory rate. Offer is subject to change without notice. Minimum line of credit amount is $10,000. If a balance remains on the line of credit at the maturity of the 20 year mortgage, a balloon payment may result. MINIMUM PAYMENT EXAMPLE:  If you made only the minimum monthly payment and took no other credit advances it would take 20 years to pay off a credit advance of $10,000 at an ANNUAL PERCENTAGE RATE of 4.0%.  During that period, you would make 120 payments of $30.68 to $33.97, followed by 119 payments of $41.79 to $125.00 and a final balloon payment of $3,354.77.