Fixed-Rate Home Equity Loan
Access Funds with Locked-in Monthly Payments
Say goodbye to unexpected financial hurdles with our Fixed-Rate Home Equity Loan, designed to bring you peace of mind and financial stability. Whether you’re looking to consolidate debt, embark on exciting home improvement projects, or tackle unforeseen expenses, our loan gives you the confidence of knowing exactly what your payments will be, so you can plan your future with certainty and ease.
Not Ready? Speak to a Specialist!
Quorum’s Fixed-Rate Home Equity Loan Means Locked-In Financial Stability
Our Fixed-Rate Home Equity Loan is designed to give homeowners the ultimate peace of mind. As market rates fluctuate, rest easy knowing you’ve locked in your monthly payment for the entire term of the loan. Whether you’re embarking on home renovations, education costs, or debt consolidation, our Fixed-Rate Home Equity Loan will give you the comfort of knowing your financial obligations come with no surprises.
Why Choose a Fixed Rate Home Equity Loan?
Learn how Quorum can guarantee that your financial commitments come with no unexpected surprises. Here are the key benefits of our Fixed-Rate Home Equity Loan:
Competitive Fixed-Rate Options
Various Flexible Terms Available
$500K Maximum Loan Amount
640 Minimum FICO Score
Up to 90% Combined Loan-to-Value Ratio
No Mortgage Refinancing or PMI
Apply for a Fixed-Rate Home Equity Loan Today.
Our online loan application is seamless and easy. And, whenever you need assistance, our team is ready to help you explore your options.
How to Apply for a Fixed-Rate Home Equity Loan
Apply.
Use our easy, online application to apply for a Fixed-Rate Home Equity Loan and upload required documents in one secure platform.
Close.
As soon as we’ve processed your application and have all your paperwork in order, we’ll set up your closing appointment
Access.
Shortly after closing, your funds will be available to use however you choose! You can access your cash online or via the Home Equity Loan checks you’ll receive in the mail.
What do I need to apply?
Quorum Membership: As with all credit unions, a membership is required to take advantage of our products and services. Our membership application will be a part of your loan application.
Personal Identification: Any government-issued ID, such as a driver’s license, state-issued ID, or passport to prove your identity.
Proof of Income: Documentation showing gross income, such as:
- Recent pay stubs
- W-2 forms
- Bank statements
- Tax returns
- Bank or credit union account numbers
Apply.
Log in to your account via online banking and use our easy, online application to apply for a Fixed-Rate Home Equity Loan.
Close.
As soon as we’ve processed your application and have all your paperwork in order, we’ll set up your closing appointment
Access.
Shortly after closing, your funds will be available to use however you choose! You can access your cash online or via the Home Equity Loan checks you’ll receive in the mail.
What do I need to apply?
Personal Identification: Any government-issued ID, such as a driver’s license, state-issued ID, or passport to prove your identity.
Proof of Income: Documentation showing gross income, such as:
- Recent pay stubs
- W-2 forms
- Bank statements
- Tax returns
- Bank or credit union account numbers
What’s a Good Interest Rate on a Home Equity Loan?
Compare Quorum’s Fixed-Rate Home Equity Loan rates with the average interest rate! According to Bankrate, the average fixed-rate home equity loan is 8.41% APR1, as of 12/20/24.
Open a Quorum Fixed-Rate Home Equity Loan Today.
Ready to take the first step in financing your goals with a Fixed-Rate Home Equity Loan from Quorum? Apply online to get started.
Other Helpful Resources:
LTV and CLTV: What Are They and What’s the Difference?
Home Equity Products vs. Reverse Mortgages: What You Should Know.
HELOC vs. Home Equity Loan: Which is Best for You?
Why Choose Quorum?
One of the Best Credit Unions of 2025
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2023 Diamond Award Financial Education
CUNA
Highly recommend.
I applied for a HELOC. I am a mortgage professional and I have worked with many lenders over the years. Quorum was very efficient, sensible and a pleasure to work with. I highly recommend them.
Very competitive HELOC.
Vinny and Jacqueline assisted my husband and I with a HELOC recently. My husband and I both work in the mortgage business, so needless to say, we are picky about the process, because we know how it should be! The process with them was flawless, the tech platform was user-friendly, communication was stellar and they offer a very competitive HELOC. We highly recommend them!
Straightforward and efficient.
Just completed a HELOC with QFCU. Process was very straightforward and efficient. Christina and Nancy were excellent. Portal process for uploading and reviewing documents was a breeze.
Member Reviews
CLOSEVery good service.
Very good service.
Bernard D.
Quick and friendly.
My husband and I have been with Quorum since the days of it being the Kraft Employee Credit Union. We have always had quick and friendly responses to all of our requests/issues. Through multiple life events, multiple moves, multiple loans, we have always maintained our accounts there and plan to for the future.
Theresa P.
Very helpful and understanding.
It was nice talking with Eddy; he was very helpful and understanding with my needs, and it was very easy to fix what I needed; thank you, Quorum!
Margarita G.
Helped me through a tricky HELOC process.
Eli Shereshovech was great. Helped me through a tricky HELOC process. You could tell he really went the extra mile to prioritize the customer.
Chris C.
Excellent service.
Excellent service.
Abraham C.
Very pleasant and professional.
Very pleasant and professional; answered all questions.
Jo P.
Your support was excellent.
I had a problem with my debit card; your support was excellent.
Eduardo L.
I’ve been a member since 1978.
I’ve been a member since 1978. Saving and checking, term accounts, car loans and mortgages all with great rates. Couldn’t be happier. Great service with a knowledgeable customer service team.
Tim R.
Very patient and kind.
Very patient and kind with their help.
Yvelisse B.
Just Amazing People.
Just a couple of days ago I called Quorum and the same gentleman, Kevin, helped me out with a little issue and took care of everything; just amazing people at this credit union. Thank you Kevin for your help!
Kin F.
A pleasure to get on the phone.
Ebony is an excellent and very professional person. It is a pleasure to get her on the phone.
Janene T.
Member Service Team was really helpful in assisting me!
We are back from a cruise tour in the U.S. and Canada. During our vacation, my debit card was blocked (nearly a financial disaster). I called Quorum and got great help, first from Kevin B. After telling him my story, he transferred me to the Fraud Department. Unfortunately, they could not help, as I had one important piece of personal information that was not available. I called Quorum again and got Ebony. Ebony did a super job; she called the Fraud Department and convinced them I'm not a debit card fraudster. Thank you very much for your time and tremendous help, Ebony. Last, but not least, a thank you to Savannah. Coming back from Canada to the U.S., I emailed Quorum asking for support for another debit card alert and Savannah took care of that. Overall, the Member Service Team was really helpful in assisting me!
Klaus W
Easy to fill out application!
Straight to the point, easy to fill out application, and well put together!
Melissa F.
Professional and knowledgeable.
Professional, knowledgeable, sympathetic; a quick and enjoyable experience calling Quorum today!
James B.
Awesome experience.
Awesome experience working with Brianna and the team! Extremely helpful and went above and beyond.
Tysen C.
For security, I give them an A+.
I have been with this Credit Union for 12 or 13 years. For security, I give them an A+. Customer service is very helpful. Happy customer 😁
Rose E.
Absolutely great customer service.
Very helpful. Absolutely great customer service. Made my day.
Rehan H.
Best and most helpful in all my 15+ years with Quorum.
Today’s assistance was the best and most helpful in all my 15+ years with Quorum Federal Credit Union.
Carrie H.
Very friendly and extremely professional.
I just had a phone call to Quorum, talking to Bonnie. She helped me to activate my new debit card which I could not do myself from Germany. Bonnie was very friendly and extremely professional to get my request done. Now the card is activated for the next vacation in the US :-) Thank you very much, Bonnie.
Klaus W.
Very polite and professional.
The representative that I had the pleasure to talk with today took her time; she used safety measures to make sure I was who I said I was; very polite and professional.
Sheila L.E.
Very helpful and professional.
Very helpful and professional.
Ibrahim
I’ve been a member for almost 30 years.
I’ve been a member for almost 30 years. I stay because the customer service professionals are excellent!
Ross W.
Great customer service.
Great customer service.
Barbara R.
Excellent customer service.
Excellent customer service. Eddie was excellent.
Louis A.
Glad we found Quorum.
Quorum is great. We feel so much more secure with a federal credit union than a commercial bank. Great staff and customer service is always patient and helpful. Rates on interest-bearing accounts are great, too. Website is user-friendly. Info is clear and precise. Glad we found Quorum.
Kathy W.
I’ve been a member for over 35 years.
I've been a member of Quorum Federal Credit union for over 35 years. I highly recommend to anyone that would like low banking fees, a great banking experience and fantastic customer service.
Laurie D.
Excellent problem solvers.
I've been banking with Quorum for years. They're always very pleasant to interact with and they're excellent problem solvers. Thank you, Quorum. You're the best.
NYCBlkM4WhtM
Lifetime approval from me!
I have had checking and savings accounts for years with Quorum Federal Credit Union and have never had any problems. Therefore, when I needed a mortgage loan, I turned to Quorum. Their staff was a joy to work with. Very professional, informative and attentive to my every question, concern throughout the entire process. Quorum gets my lifetime customer approval from me.
Ruby S.
Have been a faithful and delighted customer.
I joined Quorum in 1998 and have been a faithful, and delighted customer since. Any issue I have experienced has always been handled with respect, knowledge and follow-through. Can't give them enough high praise. Today I was contacted by Quorum so they could personally update me on a specific change in their policy that may affect me. What other company takes the time and consideration to do that? I don't know of any other. Adisa was the Quorum representative who contacted me. Her approachability and the fact that she consistently asked if I was comfortable in giving answers to the requests for information from me made me feel safe and comfortable. Any business who employs someone of Adisa's caliber is worthy of all my banking business! Thank you, Quorum... you guys really are The Best!
Kathy C
Always friendly and courteous.
Always friendly and courteous. Great job by the Quorum team. Great to do business with them.
Bill J.
Simply just wonderful.
Today and yesterday's agents were simply just wonderful. I say this because it is a hit or miss with agents. Previous years I've always had very nice agents. Meaning, not that they knew everything, but more so of the care and kindness they shared. That what counts as service for me and what is most important. Out of the several calls I had to make within the last few days, like I said, today's and yesterday's agents were very kind and knew their job well. I am most grateful. I wanted to give credit where credit is do. Thank you, you have put my mind at ease.
Tery A.
Extremely efficient.
Bonnie at Member Services Quorum Federal Union was exceptional! Extremely efficient and explained processes very well. Highly recommend her!
Kip K.
Go with a credit union-and this is a good one.
Really nice group here; they actually work with you, much like a community bank. They are also fast and efficient.If you are tired of being gouged by the Big and Ugly banks, you should go with a credit union--and this is a good one.
Heidi K.
Love everything about them.
Have been a member for 15 years and love everything about them: have a HighQ account, QClassic checking and a mortgage with them, too.
Sharon C.
Tremendously patient and helpful.
Quorum customer service was tremendously patient and helpful today. I'd phoned with two problems, which were successfully addressed with a combination of patience and professionalism.
Richard B.
Very helpful and attentive.
I have been a member of Quorum for many years. They have always been helpful and very attentive. I highly recommend Quorum for financial business.
Herminia M.
10/10!
Eli Sheresovech and his team at Quorum were outstanding in our first interaction. The HELOC process was simple, easy, fast and ahead of time! 10/10!
James O.
Excellence, patience and care.
Shelly's service was of excellence and she walked me through the entire claims process with ease and calmness. I greatly appreciate her customer service skills of excellence, patience and care. Thank you.
Janice J.
Friendly, helpful and knowledgeable representatives.
New customer. Friendly, helpful and knowledgeable representatives. They answered ALL my questions and stayed on the phone with me through the entire setup and deposit process. I hope the exceptional customer service continues. Based on my experience, so far, I would definitely recommend.
Cynthia M.
We love Quorum!
My wife and I just closed on a mortgage with Quorum (my first and her second time using Quorum!), and we couldn’t have been happier or more satisfied with the entire process. From a great rate, to an easy online application, to incredible service and communication throughout (have to personally thank Mirella, Brandi, Kathy and the rest of the Quorum Lending team for making the process so easy and stress-free), we were 100 percent satisfied with the entire experience. Thank you, Quorum Lending, for always being available to answer emails and questions, and for helping us to close on our home! We love Quorum!
Stellar communication and attention to detail.
Quorum Mortgage has clearly delivered an experience that exceeded even the highest standards of service in the industry! It's amazing when everyone works together seamlessly, especially during such a critical process like a mortgage. Props to Lorena, Bryce, Brian, and the rest of the Quorum team for not only closing the transaction on time, but doing so with stellar communication and attention to detail.
David C.
Very straightforward and efficient.
Just completed a HELOC with QFCU. Process was very straightforward and efficient. Christina and Nancy were excellent. Portal process for uploading and reviewing documents was a breeze.
Steven G.
A very good experience.
Worked with Vincent and Yesenia for my HELOC application. They were very responsive and clear about everything from the beginning. When the application ran into a few issues, they went above and beyond to make sure that I had all the exceptions and approvals in place for a smooth release of funds well in time. Overall, it was a very good experience working with them and Quorum. Thanks.
Nikhil B.
Very competitive HELOC.
Vinny and Jacqueline assisted my husband and I with a HELOC recently. My husband and I both work in the mortgage business, so needless to say, we are picky about the process, because we know how it should be! The process with them was flawless, the tech platform was user friendly, communication was stellar and they offer a very competitive HELOC. We highly recommend them!
Jennifer A.
Very attentive.
Eli, Daniel's & Nancy were very attentive with their responses. The process for my Heloc was quick and painless. I'm very pleased.
Brianne T.
OUTSTANDING!
Shelly was nothing short of OUTSTANDING! Big thank you to her and her follow through.
Bob S.
Communicative, patient and provided all the information we needed.
We were lucky to get in touch with Vanessa, who helped us out during a HELOC application. She was very communicative, patient and provided all the information we needed, on time. Thank you, Vanessa!
Diego and Laura
Thank you.
Brandi, thank you for your assistance with getting the HELOC done!
Eun Suk L.
Wonderful experience.
I had a wonderful experience working with QFCU to get a HELOC. The team working on our behalf included Elizabeth Ruggiero, Mirella Prestia, and Christina Moore and each and every one of them were a joy to work with. They provided prompt responses to our questions, step by step instructions, and showed great attention to detail throughout the process. I would highly recommend their services!
Arden M
Highly recommend Quorum for your HELOC needs!
Eli Shereshovech and his team were amazing. We were able to close my HELOC very quickly and I was kept up to date the entire way through. I highly recommend Quorum for your HELOC needs! :)
Monica S.
Great rates.
I've been a member of Quorum for many years. They almost always have great deposit rates and the app is super easy too!
Tbe
Very good service and rates.
Very good service and rates.
Stan L.
This Credit Union quickly became my bank!
This credit union quickly became my bank! What started with a low-interest first mortgage refinance has turned into a first mortgage, two credit cards, a high yield savings account, fee free checking account and a checking reserve account. I pay all my bills via the online bill payment and even send physical checks from my online checking account to the landscaper and others. Member support is beyond expectation and the mobile app is robust and user friendly. Great work Quorum!
mhudson
Excellent customer service.
Excellent customer service. Very kind, courteous, pleasant and patient!
Vince D.
Knowledgeable and friendly.
Bonnie was both knowledgeable and friendly. My issue was corrected immediately.
Catherine C.
Refreshing.
I was amazed at the simplicity and speed at which things were handled today. Not something you see every day in business anymore. So refreshing.
Livin Curiously
CD and high-yield savings rates are excellent.
CD and high-yield savings rates are excellent. Decent service for an online only bank.
Celtics
A safe place to put your money.
This is a safe place to put your money. They have very proactive fraud prevention systems that I am impressed with. Recently, I moved a large amount of money that is going towards the purchase of a car and my account not only required a code, but I received a phone call within a half hour of my transaction from one of their professionals, Savannah. She politely quizzed me, and from every angle may I say, to establish that it was indeed me who was working within my account. The savings and CD rates are great also and, their website works like clockwork. Thank you, Quorum, for being the best!
LS B.
Polite, professional, helpful.
Polite, professional, helpful. What customer service should be.
Penny W.
Great experience being a member.
Quorum is a great credit union. The staff are always so helpful, friendly, and very patient. Great experience being a member.
Carla F.
Just a wonderful credit union.
Just a wonderful credit union. Very knowledgeable people with kindness and professionalism. I’m an older gentleman, you can always call and speak with a human voice, it doesn’t have to be done on the computer. It’s a wonderful organization. If you’re looking for a credit union that offers great CD rates, great customer service, and most of all is very professional, I would recommend them to anyone that is looking for those qualities and some of the highest CD rates in the country. Quorum Federal Credit Union is all five star - first class, in my opinion.
Kin F.
Quorum is the BOMB!
Quorum Federal Credit Union is the BOMB! Best customer service, helpful & assists with any concerns. I've banked at conventional "brick mortar" banks for 50 years. The extra benefits, better rates and customer service are by far SUPERIOR to any bank anywhere. Look them up, compare as I did then sign up. They are truly the real deal.
Gary H.
Our mortgage was a breeze!
Extremely professional team, our mortgage was a breeze with all the support from Mirella and Brandi. Highly recommended!
Erika V.
Love my Credit Union.
Great experience today! We even got disconnected and she called me back after my issue was solved! Love my Credit Union.
Allison W.
Friendly, knowledgeable, efficient.
Service member was friendly, knowledgeable, efficient and solved my problem quickly.
Marianne M.
They do NOT disappoint.
Quorum has been my primary bank for over 5 years where they do NOT disappoint. Not only do they offer the best interest rates with the HighQ Savings and term CDs, they are prompt to provide answers to any questions that you may have regarding transactions with a detailed explanation of both benefits and minimum balances as well as other options to avoid fees. I encourage others to use these benefits and services offered.
Sonja M.
I so appreciate their time and hard work.
I want to thank Adisa, Debra, Eddie and Ellie for the excellent customer service that they gave me during the past week and a half. It made a difficult experience easier to deal with. The patience, understanding and kindness that they showed me was outstanding. They should be commended on doing their job with such expertise and professionalism. I so appreciate their time and hard work.
Mary F.
Extremely helpful and knowledgeable.
The Quorum representative was extremely helpful and knowledgeable. I appreciate all she did to resolve my situation.
Carl W.
Highly recommend.
Amazing experience with this company for the past two years. I highly recommend.
Jorgefelix S.
Personable staff who are motivated to bring solutions.
Brand new customer. So far so good. They were able to answer all questions promptly and accurately. Will see how follow-through goes but no complaints, which is a good thing! Personable staff who are motivated to bring solutions.
Vicki P
Join an online community geared towards helping your financial well-being through top-tier financial tools, competitive rates, and award-winning customer resources. Become a member today and find out why Quorum is consistently selected as one of the top credit unions in the country.
Fixed-Rate Home Equity Loan FAQs
What is the difference between a Fixed Home Equity and a HELOC?
Unlike a traditional HELOC, Quorum’s Fixed-Rate Home Equity Loan locks in an interest rate for the entire lifetime of the loan.
Should I apply for a Home Equity Loan or a HELOC?
While both loans convert equity into cash, there are differences that make each loan suited to different borrowers. A Fixed-Rate Home Equity Loan is considered a second mortgage. It offers the loan as a one- time lump sum with a fixed interest rate, so the payment remains the same each month. A HELOC a revolving line a credit that offers a specific draw period. During that time, borrowers only pay interest on the amount borrowed. After the draw period, borrowers will begin making payments that include principal and interest.
Does Quorum offer a Fixed-Rate Home Equity Loan in first lien position?
Quorum’s Fixed-Rate Home Equity Loan is only available for second lien position. We offer a variety of first lien position home equity products, including our First Lien HELOC, Renovation HELOC and Bridge Loan HELOC
How do I make extra payments towards the principal on my Home Equity or HELOC?
To make a principal payment toward your Home Equity Loan or HELOC:
- Log in to online banking.
- Under Accounts on the Dashboard, click on “Second Mortgage.”
- Select “Manage My Account” from the menu bar.
- Click on the “Payment” tile at the top of the page. You will only be able to select the principal payment option if your current monthly payment has been made.
Please note that principal payments cannot be processed until your current monthly payment has been made. Once your billed amount has been satisfied and posted (within 2 business days), you may make a principal payment. You will see the principal payment reflected in your account within 2-3 business days after your regular monthly mortgage payment has been made.
Disclosure
1Fixed-Rate Home Equity Loan: The Annual Percentage Rate (APR) is subject to change. A home equity loan is secured by the member’s home and is available only for 1-2 family residential properties and condominiums, excluding co-ops. Minimum loan amount: $50,000. No application, or termination fees; appraisal fee varies. No pre-payment penalty. Mortgage tax may apply in some states. Available in all 50 states except Texas. All loans are subject to credit approval. Fees are due at closing and debited from the home equity loan. Additional fees for standalone second mortgages, including appraisal, flood, and title report, will be passed to the borrower.