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Loans & Credit

Home Equity Loans & Line of Credit

Enter our $5,000 Home Loan Sweepstakes Today!

Finance any mortgage or home equity loan or advance an existing home equity loan $10,000 or more with us by August 30, 2017. You’ll automatically be entered into a drawing for a $5,000 cash prize!*

NEW! Home Equity Line of Credit Introductory Rate as Low as 2.49% APR¹

Imagine cooking dinner in a new kitchen, renovating that bathroom, finishing the basement or more before your holiday guests arrive! You’ll want to be home for the holidays when you renovate your home with a home equity loan or line of credit from CommonWealth One.

With our EquityLine, you could get an introductory rate as low as 2.49% APR for 6 months, borrow up to 90% of the loan-to-value. Other great offers are available, too, including our Zero Equity Loan, which allows you to borrow when you have little to no equity in your home. 



  • Introductory Rate as Low as 2.49% APR¹ for Six Months
  • Borrow up to 90% loan-to-value of your home
  • Variable line of credit terms up to $250,000
  • Interest only or interest plus principal payment options
  • Access using EquityLine checks or transfer funds to your checking account 
  • ProtectONE Debt Protection Package

Zero Equity Loan

  • Rates as low as 7.15% APR*
  • Borrow a fixed amount up to $25,000 with little or no equity in your home
  • No title insurance or appraisal required
  • Repayment terms up to 10 years
  • Variable rate loan, rate remains fixed for the first year and then can adjust every year
  • ProtectONE Debt Protection Package


  • Rates as low as 3.74% APR*
  • Borrow up to 90% loan-to-value of your home
  • Borrow a fixed amount up to $250,000
  • Variable rate loan, rate remains fixed for five years and then can adjust every 5 years
  • Repayment terms of 20 years 
  • ProtectONE Debt Protection Package


  • Rates as low as 3.74% APR*
  • Borrow up to 90% loan-to-value of your home
  • Borrow a fixed amount up to $250,000
  • Repayment terms up to 15 years
  • Sometimes called a second mortgage
  • ProtectONE Debt Protection Package
  • *No purchase, obligation or transaction necessary to enter the sweepstakes. Loans must be closed September 30, 2017.  Click here for official contest rules.
  • ¹EquityLine 2.49% APR introductory rate is valid for 6 months. After 6 months, you will be charged your current rate. This offer available for a limited time. EquityLine has an interest only payment option available.
  • *APR = Annual Percentage Rate. Rates are subject to change at any time. All credit union rates and terms are based upon the evaluation of applicant(s) credit. Your actual rate may vary. Loans are subject to a minimum monthly payment of $45.00.
  • Some Auto, Personal, Motorcycle, and RV loans rates quoted reflect a .50% reduction for Loan Loyalty Rewards. Example: 2.24% (current rate) less .50% Loan Loyalty Rewards equals 1.74% (your final APR). For more information, please contact us.
  • LTV = Loan-to-Value. The 90% LTV does not apply to the Zero Equity Home Equity Loan.
  • Home equity loans are available on primary residences located in Virginia, Maryland, and Washington, DC.
  • Please check with your tax advisor regarding loan interest deductibility.
  • EquityLine has an interest only payment option available.
  • EquityFive rate may adjust every 5 years.
  • Closing costs include credit reports, appraisal fee, flood certification, title search, recording fees and mortgage transfer taxes. Members will be obligated to pay the closing costs associated with the closing of this loan request. If a drive by or a full appraisal is required to support the loan request, this expense will paid by the member. Total closing costs generally range from $100 to $1,000 based on the loan amount. Closing costs can be incorporated and paid with the loan proceeds. Members should retain a copy of the home equity disclosures. Member may receive a refund of any fees if the rate changes and the member decide not to complete the process.
  • Property insurance is required and flood insurance may be required.
  • Granting of a home equity loan may result in the credit union acquiring a security interest in the property.
  • Certain restrictions apply.