Experience it all with a Home Equity Loan

Our low home equity loan rates make a new kitchen, debt consolidation, or well-deserved vacation possible.

Home Equity Loan Rates

Whether you're looking to remodel your home, make repairs, consolidate debt, or purchase a big-ticket item, a home equity loan can help make it happen.

Term
Fixed APR*
(as low as)
Minimum Loan Amount
Term
60 Months
Fixed APR*
(as low as)
5.75%
Minimum Loan Amount
$15,000
Term
84 Months
Fixed APR*
(as low as)
6.00%
Minimum Loan Amount
$15,000
Term
120 Months
Fixed APR*
(as low as)
6.25%
Minimum Loan Amount
$15,000
Term
180 Months
Fixed APR*
(as low as)
6.50%
Minimum Loan Amount
$30,000
Term
240 Months
Fixed APR*
(as low as)
7.00%
Minimum Loan Amount
$40,000
Effective October 1, 2022

* Annual Percentage Rate. APR shown is the lowest available rate for a fixed rate Home Equity Loan. Actual APR based on borrower’s credit history, loan to value and loan terms. Membership required based on eligibility. Loan payment example: $19.00 per month for each $1,000 borrowed at 5.00% APR for 60 months.

* Annual Percentage Rate. APR shown is the lowest available rate for a fixed rate Home Equity Loan. Actual APR based on borrower’s credit history, loan to value and loan terms. Membership required based on eligibility. Loan payment example: $19.00 per month for each $1,000 borrowed at 5.00% APR for 60 months.




 

Start Your Application Here:

happy couple relaxing on floor in newly remodeled kitchen

Home Equity Loan
Features & Benefits

Your hard work is about to pay off! The equity you've built in your home is a valuable resource ready to be tapped. Access your equity and create the life you've always wanted.
Low, Fixed Rates

Rest easy knowing your loan payment is both predictable and affordable. Your budget won't have to budge.

No Annual Fee1

Build your emergency fund with this additional savings. Arizona Financial's home equity loans don't require an annual fee.

No Closing Costs or Fees1

Pocket this extra savings! You'll pay no closing costs or fees when you apply for a Home Equity Loan from Arizona Financial.

No Prepayment Penalty

You'll be congratulated, not penalized if pay off the remainder of your loan early.

1. Property insurance required.

happy woman relaxing on dream vacation purchased with home equity loan

What is a Home Equity Loan?

An Arizona Financial Home Equity Loan allows you, the homeowner, to borrow up to 80% of the value of your home, minus what you still owe on your mortgage.

The money will be delivered as one lump sum, and it should be paid back over the agreed-upon term or number of months. This flexible solution can be used for anything!

  • Remodel or repair your home
  • Consolidate your debt
  • Pay for educational expenses or medical bills
  • Cover an unexpected large purchase
  • Take the trip of a lifetime

Debt Consolidation is Possible

If you're overwhelmed with debt and worried about which bills your next paycheck may cover, you're not alone. Covering only the minimum payments for numerous credit card bills or outstanding expenses can sometimes feel like you're treading water. There is good news, a home equity loan can help!

  • Regain control of your finances and your financial future
  • Minimize your monthly bills and consolidate them into one easy manageable payment
  • Consider the potential savings of consolidating your debt into a lower-interest home equity loan payment

Not sure if a home equity loan is right for you? Contact us to discuss your unique situation, we are happy to help! 

man at laptop reviewing debt consolidation application
customer service representative helping member with debt cancellation plan

Peace of Mind with Debt Cancellation

When the unexpected happens, paying the bills can become a real burden. Make sure you and your family are protected with a debt cancellation plan from Arizona Financial!

  • Covers your monthly payments or pays off your loan
  • Protects your credit rating during difficult times
  • Provides income during involuntary unemployment

Ask us about debt cancellation when applying for your loan or contact us for details.

Home Equity Loan Resources

Blog Post

Home Improvements for Every Budget

Find ideas for home improvements no matter what your budget may be.

Read More
Blog Post

Tapping Into Your Home’s Equity: Top 4 Uses of Home Equity

Discover the various ways you can utilize your home's equity.

Read More
Blog Post

What Does a Prime Rate Increase Mean to Me?

Discover how the prime rate can have an impact on how much money you have left over after your bills each month.

Read More

Frequently Asked Questions

If I have bad credit, can I qualify for a loan?

Arizona Financial reviews a number of factors before making a decision on the loan, including credit and each member’s unique situation.

If you would like to discuss the details of your current financial picture before applying, simply call our loan experts at 602-683-1730.

How long does the Home Equity Loan process take?

Typically, a Home Equity Loan process can take anywhere from 2-4 weeks. The time frame depends on your response to requested documents and is reliant on the title process.
It's wise to coordinate proof of insurance and provide proof of income when applying to assist in speeding up the process.

Do I need to update my insurance declaration?

We're excited to handle your home equity loan or line of credit and, yes, we require you to add Arizona Financial as a mortgagee to your insurance policy.

Does my rate stay the same throughout the loan?

Yes. Home equity loans carry a fixed rate through the entire term of the loan with loan term options up to 240 months.

In comparison, a home equity line of credit typically has an interest that will fluctuate over time.