One of the great benefits of being a homeowner is that over time you gain more equity in your home as you make payments and your home value increases. We are here to help you turn that equity into cash that you can use for almost anything, including educational expenses, debt consolidation, taking a vacation, purchasing major appliances, or making repairs around your home. The cash from your equity is yours to spend, however you want.

Right now, get up to $1,000 Cash Back with a *qualifying home equity loan.

Homebuying Home Equity Basics

Home equity loan benefits:

  • Qualified applicants* may finance up to 80% of the value of the home, less any first lien mortgage.
  • Funds are dispersed directly to the member, less any payoffs required.
  • Loan funding in as little as 16 days.

Home equity loan amount to finance for cash back:

  • $25,000 - $49,999 = $250
  • $50,000 - $74,999 = $500
  • $75,000 - $99,999 = $750
  • $100,000 or more = $1,000
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Ready to get started?

Visit with one of our mortgage specialists to discuss the right loan to meet your needs and budget. Simply give us a call, live video chat through our Rave Video Banking App, apply online, or fill out our contact form and we will reach out to you directly. Our local mortgage team is ready to help you every step of the way.

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*Subject to credit approval. Application must be received between April 1st and June 30, 2024. Must be a member of Rave Financial Credit Union. Finance amount $25,000.00-$49,999.99 may receive $250, $50,000.00-$74,999.99 may receive $500, $75,000.00-$99,999.99 may receive $750, and $100,000 or more may receive $1,000. Existing Rave Financial Credit Union Home Equity Loans must be at least 12 months old and add an additional $25,000 in new loan funds to qualify. Cash back offer will be deposited into member's share account within 30 days of funding. Loan must remain open a minimum of 12 months or the cash incentive will be added to the payoff amount. Rates are determined by credit rating and term. Applicants are qualified in accordance with Federal, State and NCUA laws as well as the provisions of the Fair Credit Reporting Act. Additional terms and conditions apply. Offer subject to change without notice. Rave Financial is an equal housing lender. Federally insured by NCUA.

Using Your Home Equity: What to Consider

Understanding Home Equity

Spend. Save. Thrive.

5.9% APR on all balance transfers for the life of the balance!


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