Home Equity

Home Equity Line Of Credit

A generous line of credit (up to $250,000) for any major expense. Simply write yourself a loan from Checking when you need one — or take a cash advance at any ATM. Save money with…

• Low variable rates
• Borrow up to 100% of your equity
• Tax deductible interest*
• Use credit line for 5 years, then take up to 15 years to repay

EquityPlus Line Of Credit

Take your dream vacation, consolidate your debt, or make home improvements. It’s all possible with an Interest–Only EquityPlus line of credit.

• Pay only the monthly interest amount
• Get rates as low as 7.25% APR
• Borrow up to 90% of your home's equity over an 8-year draw period
• Pay for the things you need
• Tax deductible interest*
• Receive 50 convenience checks
• No minimum draw amount required

*Interest may be deductible; verify through your tax advisor.

For more information on Home Equity Lines of Credit, call 503–656–0671 or apply online

Proof of Insurance

One of the terms of your loan agreement is a requirement to provide proof of insurance protecting our interest in the collateral. The following link allows you to submit your insurance information in a quick, easy and secure manner.

Submit your insurance information.

Loan Relief

Accidents sometimes happen. With Loan Relief, you can rest easy knowing your loan payments will be taken care of in the event of an unexpected accident. Qualified life, sickness or injury, unemployment and family leave coverage are available on most of the loans we offer, at a minimal cost. Talk with one of our personal financial representatives today about making sure your Clackamas Federal Credit Union loans will be paid in the event of an emergency.