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Your home is more than a valuable asset that can help you achieve your financial goals.  

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Consolidate debt

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Renovate your home

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Pay off student loan debt

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Cover unexpected expenses

What is a Home Equity Loan? 

A home equity loan allows you, as a homeowner, to borrow money by using the equity in your home as collateral. 
When you take out a home equity loan, you can choose a revolving line of credit – Home Equity Line of Credit – or a 
fixed-rate loan for a specified term length – Fixed-Rate Home Equity Loan.  

Which option is best for you?

Benefits of a
OneAZ Fixed−Rate
Home Equity Loan

1.25%

rate discount1

  • No surprises: Your rate remains the same for the life of your loan.

     
  • Predictable budgeting: Your payment will be the same every month so you can plan your budget ahead of time. 

  • Perfect for one-time expenses: Since you take out a lump sum up front, this loan is ideal for known one-time expenses, like a major home renovation or debt consolidation. 

Benefits of a OneAZ
Home Equity Line
of Credit (HELOC)

  • Flexible borrowing:If you need more funds than you thought, you’re able to borrow and repay funds as needed during the draw period.  

  • Pay less up front: A HELOC may have lower initial closing costs compared to a fixed home equity loan. 

  • Perfect for ongoing expenses: If you plan to use the loan for ongoing home improvements, education costs or emergency expenses, a HELOC may 
be more ideal for you. 

     

 

Interest Rate Structure:

Monthly Payment:

Access:

Repayment Terms:

Interest Cost:

Closing Cost:

Fixed-Rate Home Equity Loan 

Interest Rate Structure::

Fixed interest rate 

Monthly Payment:

Remains the same 

Access:

Receive lump sum up front 

Repayment Terms:

Monthly payment over a 5-, 10-, or 15-year term 

Interest Cost:

You know exactly how much you'll pay 

Closing Cost:

Homeowner is responsible 

Home Equity Line of Credit (HELOC) 

Interest Rate Structure::

Variable interest rate 

Monthly Payment:

Varies 

Access:

Borrow as needed 

Repayment Terms:

Monthly payments calculated based on current balance and a 25-year amortization 

Interest Cost:

Overall borrowing costs may increase or decrease if rates rise or fall. 

Closing Cost:

Typically covered by OneAZ 

See today’s home equity loan rates.

View the current rates for
home equity loans and HELOCs.

View home equity loan rates

How to Apply for

a Home Equity Loan

Visit your local OneAZ branch, apply online or give us
a call to start maximizing your home’s value. 

Click Click

Apply Online

Apply for a loan online using the links below!

New Members Existing Members

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Apply by Phone  

Call our Virtual Team and get set up! 

800.453.9897

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Schedule

Schedule an appointment with a loan officer. 

Schedule

HELOC 
Calculator 

Estimate the potential HELOC limit you could be approved for using a mortgage total, unpaid 
balance, and Loan to Value (LTV) with our HELOC calculator.

Use the HELOC Calculator

Already 
Submitted an 
Application?

Check the status by 
clicking the button below!

Check Status 

Home Equity 
Checklist

Review what documents 
you need to apply.

View Checklist

Home Lending Resources

At OneAZ, we want you to have the tools and the knowledge to make confident, smart decisions about your finances. 

How to Get a Home Equity Loan

Before applying for a home equity loan, lenders will need to see you have equity in your current home.

Keep Reading

Home Remodel on Any Budget

Whether you’re starting small with a kitchen refresh or overhauling your entire house, check out these tips for making your home great on any budget.

Keep Reading

How Does a Home Equity Loan Work?

Is a home equity loan right for you? Learn the best times to use a home equity loan and when it might not be the best option.

Keep Reading

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Need More Information?

Chat with a loan expert about your needs. Call or email anytime.

Meet the Team

1The 1.25% Rate Discount is from the standard posted interest rates for the OneAZ Second Mortgage Fixed Rate Equity Loan Products. Additionally, the rate discount is valid for the full duration of the loan term. Conditions apply. Rates and terms are based on your credit worthiness, final loan amount, combined loan to value (CLTV) and are subject to change at any time.

In order to qualify for the interest rate discount, you will need to agree to the following: Become a OneAZ Member, open a OneAZ Checking Account, establish a $500 Biweekly or $1,000 Monthly Direct Deposit and set up Auto Pay for the new loan. The Minimum Monthly Direct Deposit(s) and Auto Pay requirements must both be to/from the OneAZ Checking Account.

Eligible Properties: Single Family Residences, PUDs (Planned Unit Development), Owned Occupied Duplexes, Townhouses.

Ineligible Properties: Condos, Manufactured Homes, Rental Properties, Second Homes, Triplex/Fourplex Multi-Unit Properties, Investment Properties, Out of State Properties, Commercial.

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