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Home Equity Loans WA

Put the equity in your home to work (or play) for you.

Home Equity Loans WA

Put the equity in your home to work (or play) for you.

Use your equity to fix up your fixer upper, cover major expenses, or consolidate debt.

Flexible Options

Get one lump sum or borrow what you need as you need it.

Flexible Terms

Up to 15 years on a Home Equity Loan.

No Upfront Fees

No application fees, processing fees, or closing costs.

Lower Interest Rate

On average, home equity loans offer lower rates than personal loans, student loans, or credit cards.

Easy Access to Funds

Access your line of credit with your Equity credit card or an online balance transfer.

Potential Tax Savings

Interest paid on your home equity loan may be tax deductible.1

Couple working on home improvements with dog

Money to fix up your fixer upper. Low-rate HELOCs.

You’re right where you’re meant to be. Make it perfect with a home equity line of credit.

GET STARTED

Find your home equity loan.

  • Great if you:

    Great if you:

  • Access to Funds

    Access to Funds

  • Rate type

    Rate type

  • Terms

    Terms

  • Borrowing Limits

    Borrowing Limits

Fixed Home Equity Loan

  • Borrow one lump sum and make regular payments

  • Great if you:

    - Know exactly how much money you need
    - Want a consistent payment and rate

  • Access to Funds

    Disbursed to an account of your choice

  • Rate type

    Fixed

  • Terms

    5 to 15 years

  • Borrowing Limits

    Up to 90% of your home’s value
    View rates and loan limits

Home Equity Line of Credit (HELOC)

  • Borrow and pay back money as you need it

  • Great if you:

    - Don’t know how much you need
    - Want flexibility in your borrowing amount

  • Access to Funds

    - Equity credit card
    - Online balance transfer

  • Rate type

    Variable

  • Terms

    10 year draw period with 15 years to repay

  • Borrowing Limits

    Up to 90% of your home’s value
    View rates and loan limits

Express Mortgage2

  • Refinance your existing home with no closing costs and get on the road to a mortgage-free life

  • Great if you:

    Have good equity in your home and really hate paying a mortgage every month

  • Access to Funds

  • Rate type

    Fixed

  • Terms

    5, 7, 10, 12, or 15 years

  • Borrowing Limits

    Up to 75% of your home’s value
    View rates and loan limits

Get pre-qualified for your loan today.
Apply Online

Open your home equity loan in a few steps.

1. Apply for your loan

Submit your application online or in a branch and find out what rate you qualify for.

2. Submit documents and get an appraisal

To process the loan, we’ll need proof of income and property details. We’ll also send an appraiser out to your home.

3. Get your funds

Once approved, you can access your funds from your Sound account, via online balance transfer, or with an Equity credit card.

Express Mortgages

Refinance your existing home with no closing costs and get on the road to a mortgage-free life. If you have good equity in your home and hate paying a mortgage every month, this is for you. Available terms include 5, 7, 10, 12, or 15 years.

View rates and loan limits »

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Discounts for Green Purchases

Receive an additional .25% off your rate when you use your home equity loan to finance qualifying energy-saving home improvements.
See what home improvements qualify »

Card Controls

Misplace your Equity card? Instantly lock your card and turn it back on using Card Controls, available in the Sound mobile app.
Learn about our mobile app »

Want to be money smart? We’ve got your back.

Couple working on home improvements with dog Money to fix up your fixer upper. Low-rate HELOCs. Sound Credit Union sponsor of Tacoma Rainiers RCity Kids Club Tacoma Rainiers RCITY KIDS CLUB older couple at vineyard Reduce, Retire, Relax Webinar
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Get pre-approved for a home equity loan.

Find a branch
Apply online

Call us

800.562.8130

Additional Details

APR is Annual Percentage Rate. Maximum loan amount is determined by the amount of equity in your home, based on appraised value. Estimated appraisal cost is $750. Financing available on homes in the states of Idaho, Oregon and Washington. A $425 early closure fee is applied if the loan is closed within the first 24 months. Maximum loan amount is determined by the amount of equity in your home. Borrow up to 90% of appraised value. Sound does not do construction or land loans at this time.

Home Equity Line of Credit: Home equity line of credit has a variable rate based on Prime, as published in the Wall Street Journal, and subject to change during the term of the loan. The minimum monthly payment may change as a result of rates changing. Contact the credit union for more details. Using your home to secure a loan is a big decision and we want to make sure you’re comfortable with it. For that reason, when we receive your application for a Home Equity Line of Credit we’ll give you a copy of “What You Should Know About Home Equity Lines of Credit,” a consumer brochure published by the Federal Reserve Board. You may also obtain a copy of this brochure from the loan department at any time.

¹Consult your tax advisor for details.

2Express Mortgage: No closing costs except appraisal if needed. Estimated appraisal cost is $750. Homeowners insurance is required. A $425 early closure fee is applied if the loan is closed within the first 24 months. Borrow up to 75% of appraised value. Loan payment based on term. Maximum loan amount of $249,999. Financing only available on owner-occupied homes in Washington State. Member pays taxes and insurance.