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Put Your Home's Equity to Work—Without Compromising Your Values
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 shaped around LDS stewardship. Because we underwrite locally, you get quick answers from people who understand multi‑generation households, as well as Utah's unique real‑estate market.
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Fixed‑Rate Home Equity Loan
One‑Time Lump Sum, Predictable Payments
Ideal for major renovations or single‑purpose projects, a fixed Home Equity Loan delivers all your funds up front—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.
Variable 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.
Interest‑Only HELOC
Maximum Flexibility, Minimum Monthly Payment
If you’re managing temporary obligations—like missionary support or college tuition—an interest-only HELOC provides breathing room with smaller payments during the draw period.
Make interest-only payments for up to 10 years, borrow and repay as needed, and convert all or part of your balance to a fixed-rate loan whenever you’re ready for predictable payments.
It’s ideal for members expecting higher income, future property appreciation, or simply needing flexibility today.
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?
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LDS Members and others are welcome to join us as members.
View High-Yield Savings Accounts
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.