Home Equity Loans
Put Your Home to Work
Your house has done more than shelter your family; it's quietly built equity you can use to remodel, consolidate high‑rate debt, or education. Deseret First turns that equity into flexible financing at competitive rates, minimal fees, and terms.
Refinancing Options
Utilize Your Home Equity
Secondary Mortgage
Secondary Mortgage
A traditional installment loan with a fixed interest rate.
Go The Traditional Route
HELOC
HELOC
A Home Equity Line of Credit (HELOC) is a revolving line of credit.
See Flexible Lending in Action
Secondary Mortgages
A Home Equity Loan
Ideal for value-adding home improvements, debt consolidation, or covering significant expenses. Get a fixed lump sum in the form of a Home Equity Loan—coupled with steady monthly payments that never change. Enjoy the comfort of locked‑in budgeting while you transform a basement into an apartment or wipe out credit‑card balances once and for all.
Borrow up to 90 % combined loan‑to‑value
(CLTV) on primary residences.
Terms from 5 to 15 years
Choose the payoff horizon that fits your cash flow.
Competitive fixed APRs with no annual or draw fees.
Option to defer the first payment up to 60 days
Useful when project costs overlap with existing bills.
Because rates stay put, you’ll know exactly when—and how—you’ll be debt‑free.
Home Equity Line of Credit (HELOC)
Revolving Credit for Evolving Needs
A HELOC gives you flexibility for expenses that come in phases—like tuition, remodeling, or ongoing projects. Draw what you need, when you need it, and pay interest only on what you use.
Enjoy a 10-year draw period with interest-only payments, followed by a 15-year repayment term. Rates are typically 1–2% lower than most credit cards and may be tax-deductible (consult your advisor). Transfers and payments are simple through DFCU’s online banking, and there are no origination or annual fees when you stay active.
A flexible line that grows and adapts with your family’s goals.
Reverse Mortgage
An Option for Seniors
Use the equity you’ve already put into your home and get some value out of it! Worry less out medical bills and paying back loans (especially if you’re on a fixed income), allowing you to spend more time with your family when you get a reverse mortgage. This option could be right for you if you’re in your golden years.
Manage life’s transitions gracefully—with lower payments and full control.
Why Choose DFCU for Home Equity
Local Lending, Transparent Terms, and Trusted Counsel
Every DFCU home-equity product is built around one goal: helping members use their resources wisely.
Local underwriting and servicing
Speak directly with Utah-based lenders.
Personalized guidance
We’ll help you plan borrowing that aligns with your goals and faith.
Transparent pricing
No surprise annual charges or inactivity penalties.
Fast turnaround
Approvals typically within three business days, closings within two weeks.
Because responsible borrowing begins with trusted relationships.
Ready to Unlock Possibility?
"Get a personalized rate quote in minutes, schedule a virtual consult, or jump straight to a secure application. Whatever your “why”, Deseret First will show you how to fund it—responsibly and faithfully.
Become a Member Today
Become a Member Today
LDS Members and others are welcome to join us as members.
Save More, Stress Less
Save More, Stress Less
Earn Top Rates with Our High-Yield Savings—No Fees, No Fuss.
APR = Annual Percentage Rate. All loans subject to credit approval and property valuation. Rates, terms, and LTV limits may vary by creditworthiness and location. Consult a tax advisor regarding deductibility of interest. Membership and eligibility required.