Big plans need predictable payments.

Borrow against your home's equity in one lump sum—at a fixed rate, with monthly payments that never changes. 
Apply for a Fixed-Rate Home Equity Loan
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Person using a tablet, representing convenient access to fixed-rate home equity loan options.

What is a Fixed-Rate Home Equity Loan?

One lump sum. One rate. One payment

You borrow a set amount against your available equity and repay it at a fixed interest rate. 

Unlike variable-rate borrowing options, your payment stays the same for the life of the loan, so you can budget for a renovation, a consolidation, or a major expense without wondering what next year will cost. 

A happy young couple sitting together on a bed at home, laughing and smiling while looking at something in their hands, in a bright, cozy bedroom.

Smarter solutions for real-life challenges.

Built for the problems homebuyers actually run into.

Fixed-Rate Home Equity Loan vs. HELOC: which is right for you?

The difference is how you get the money and whether your rate moves.

How you receive funds
Interest rate
Monthly payment
Best for

Fixed-Rate Home Equity Loan

One lump sum upfront

Fixed

Same every month

A known cost you can budget for

HELOC

Draw as needed

Variable

Changes with rate and balance

Ongoing or phased expenses
Apply now
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Features built for certainty.

Apply now
Predictable payments, a fixed rate, and a clear path to payoff.

Funding up to $500K¹

Fund a renovation, consolidate debt, or cover major expenses..

Terms that fit your timeline¹

Choose 10-, 15-, or 20-year repayment options.

No mortgage refinancing

Keep the mortgage rate and terms you already have.

680 minimum FICO

Common sense underwriting makes financing attainable—without a perfect credit score.

Up to 90% CLTV

Put more of your home's equity to work.

Fixed payments

Lock in a fixed interest rate and know exactly what you owe every month.

Apply online in minutes, not weeks.

Start your application, upload documents, and track every step in real time.

Not yet a Quorum member?

As with any credit union, membership is required in order to take advantage of credit union products and services. Membership is free and included in the online application.

  1. Apply online and upload required documents in one secure platform.

  2. Close: As soon as you've been approved and satisfied all loan conditions, we'll set up your closing appointment.

  3. Access funds: After closing, your funds will be available to use however you choose, instantly2!

Apply now
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MOBILE BANKING APP

Your home equity funds at your fingertips.

Access your funds instantly, make loan payments, view statements—all in one app.

Apply now
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Fixed-Rate Home Equity Loan FAQs.

What our members say.

"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.
" had a wonderful experience working with Quorum to get a HELOC. The team 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."
Arden M.
"My husband and I both work in the mortgage business, so needless to say, we are picky about the HELOC process, because we know how it should be! The process with them was flawless, the tech platform was user-friendly, the communication was stellar, and they offer a very competitive HELOC."
Jennifer A.
"Quorum was very responsive and clear about everything from the beginning. When the application ran into issues, they went above and beyond to make sure I had all the exceptions and approvals in place for a smooth release of funds."
Nikhil B.

Let's connect.

Complete the short form below, and we'll connect you with the right team to help move things forward.
Disclaimers

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. Principal and interest must be paid over the term of the loan selected. Minimum loan amount: $50,000. No application, or termination fees; appraisal fee varies. No pre-payment penalty. No down payment required. 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.