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Home Equity Loans In OKC

For All Your Home's Possibilities

Turn built-up home equity into built-out plans.

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Start Your Home Equity Loan Application Today

Home Equity Loan Rates

Mortgage Terms
APR* (as low as)
5 years
6.125%
10 years
6.250%
15 years
6.375%
Effective Date August 13, 2025

*APR = Annual Percentage Rate.
**Max. LTV = Maximum Loan to Value. Final rate and term determined during underwriting.
Call for rates on terms 15 years and up.

Your Equity. Your Low-Cost loan.

Home Equity Loan Benefits & Features

Allegiance Credit Union’s Home Equity Loan gives Oklahoma homeowners a straightforward way to tap into their home’s equity with one of the more affordably priced loan options available. Enjoy a predictable monthly payment, fixed rate, and set loan payoff date. While the funds can be used for a variety of purposes, it is a great alternative to personal loans that typically carry higher rates and lower limits.

backyard renovation with Allegiance Home Equity Loan

COMPETITIVE RATES

Enjoy affordable Home Equity Loan rates in Oklahoma at Allegiance.

LOW CLOSING COSTS

Keep more cash in your pocket with affordable closing costs.

QUICK APPLICATION

Save a trip to the branch with our online application!

ONE LUMP SUM

Get the full amount you need all at once.

Home Equity Loans: Your Flexible Solution

Make the most of your home’s equity with an Allegiance Credit Union Home Equity Loan. Get the funds you need upfront with no surprises so you can focus on bringing your vision to life, not worrying about your budget.

Home Improvement

A Home Equity Loan is a smart, dependable way to fund major home improvements for your Oklahoma property. Whether you're remodeling your kitchen, adding a storm shelter, or making essential repairs, you'll receive your funds upfront—so you can start building right away with confidence.

  • Finance renovations that boost your home's value.
  • Secure one large lump sum with steady, reliable repayment options.
  • Tackle both planned upgrades and big-ticket repairs with peace of mind.
Apply Now

Debt Consolidation

Simplify your budget and reduce interest costs by consolidating high-interest debts into one lower consistent monthly payment. With a fixed rate and lump-sum funding, a Home Equity Loan helps you move forward with clarity and confidence.

  • Combine multiple debts into one payment.
  • Lower your overall interest rate.
  • Regain control of your financial future.
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Medical Expenses

Medical expenses can come suddenly and grow quickly. A Home Equity Loan from Allegiance Credit Union gives you a reliable way to cover healthcare costs (planned or unexpected) without the worry.

  • Pay for surgeries, treatments, or ongoing care.
  • Cover out-of-pocket costs or deductibles.
  • Reduce reliance on high-interest credit cards.
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Memorable Experience

Life’s biggest milestones deserve to be celebrated. Whether you’re planning a dream wedding or a once-in-a-lifetime vacation, use the equity in your home to help make it possible.

  • Fund wedding expenses without taking on high-interest debt.
  • Cover the cost of travel and accommodations.
  • Bring your bucket-list experiences to life.
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Education

From college tuition to private school fees, education is one of the most important investments you can make. A Home Equity Loan offers a flexible, cost-effective way to support your goals.

  • Pay for college or graduate school tuition.
  • Fund private school or tutoring programs.
  • Bridge gaps in financial aid or scholarships.
Apply Now

  • Home Improvement

    A Home Equity Loan is a smart, dependable way to fund major home improvements for your Oklahoma property. Whether you're remodeling your kitchen, adding a storm shelter, or making essential repairs, you'll receive your funds upfront—so you can start building right away with confidence.

    • Finance renovations that boost your home's value.
    • Secure one large lump sum with steady, reliable repayment options.
    • Tackle both planned upgrades and big-ticket repairs with peace of mind.
    Apply Now

Home Improvement

A Home Equity Loan is a smart, dependable way to fund major home improvements for your Oklahoma property. Whether you're remodeling your kitchen, adding a storm shelter, or making essential repairs, you'll receive your funds upfront—so you can start building right away with confidence.

  • Finance renovations that boost your home's value.
  • Secure one large lump sum with steady, reliable repayment options.
  • Tackle both planned upgrades and big-ticket repairs with peace of mind.
Apply Now
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Home Equity Loans Simplified

What Is A Home Equity Loan?

An Allegiance Credit Union Home Equity Loan lets you borrow up to 95% of your home’s value—based on your credit and debt-to-income ratio—at a fixed rate with predictable payments. Whether you're planning a major renovation, consolidating debt, or covering life’s big expenses, this loan gives you the freedom to use your funds however you need.

Looking for competitive Home Equity Loan rates in Oklahoma? Allegiance Credit Union is here to help you make the most of your home’s value. Questions? We can help! Contact our team to explore your options.

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Download Your Free Copy!

Definitive Guide to Using Home Equity Loans for Debt Consolidation

Dive into the best way to identify the right time for debt consolidation, how to create effective debt consolidation goals, and explore how a Home Equity Loan can help you get your finances back on track.

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Is There A Difference?

Second Mortgage VS Home Equity Loan: Key Facts

We’re proud to offer home equity solutions to all of our qualified Oklahoma members. Sometimes bank jargon can be confusing. To help clarify, a Home Equity Loan is a type of second mortgage, allowing you to access your home’s value without changing your primary mortgage terms. If your home is owned free and clear, a Home Equity Loan can also serve as your primary mortgage.

Second mortgages include both Home Equity Loans and Home Equity Lines of Credit (HELOCs), offering flexible ways to access funds for what matters most. ADD LINE ABOUT FIXED RATE VS REVOLVING VARIABLE RATE.

We’re here to help you understand your options and find the right fit! Contact us to learn more.

Apply Now

Calculate Your Loan Payment

Home Equity Loan Calculator

Curious how much a Home Equity Loan may impact your finances? Use Allegiance Credit Union's Home Equity Loan calculator to explore different loan amounts, interest rates, and terms to find the best option that fits your monthly budget.

*Your actual term and payment will be provided upon acceptance of an Allegiance Credit Union loan. This calculator is for informational purposes only and its use does not guarantee an extension of credit.

Calculator

See How These Products Compare

Discover how a Home Equity Loan, Home Equity Line of Credit, and Quick Cash Home Improvement Loan compare.

One Large Payment

Home Equity Loan

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One Large Payment
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Fixed Rate
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Home Used As Collateral
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Set Loan Term
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Closing Costs
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No Prepayment Penalties
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Line of Credit

HELOC

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Line Of Credit
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Variable Rate (Changes)
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Home Used As Collateral
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Access Money Over 10 Yrs
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Closing Costs
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No Prepayment Penalties
Explore Loan
One Large Payment

Quick Cash HI Loan

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$25,000 Max
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Fixed Rate
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Unsecured (No Collateral)
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Set Loan Term
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$49 Origination Fee
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No Prepayment Penalties
Explore Loan
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What Our Members
Are Saying

“What a awesome bank! Been there about 5 months. They have a new feature it's called Quick Cash Loan - big loan with low monthly payments, no credit check. I highly recommend them.”

Robert R.

“Great experience! They are very pleasant and knowledgeable. I'm moving all my banking here! Thank you Allegiance for the excellent service!”

Lori P.

Additional Resources

Couple-signing-home-equity-loan-documents-to-help-their-debt-consolidation-efforts.

7 Mistakes to Avoid with Your Debt Consolidation Loan

Securing a debt consolidation loan and paying down your obligation can fast-track you to an...

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Your homes equity can help with major renovation

Beyond the Basics: Unique Ways to Harness a Home Equity Loan for Major Goals

If you're a homeowner, a smart money move is thinking creatively about leveraging your home’s...

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Find out if a home equity loan is a good idea in this housing environment

Is a Home Equity Loan Worth It in Today's Rate Environment?

From 2020 to 2022, interest rates dropped to an all-time low with rates ranging from...

Read More

Frequently Asked Home Equity Loan Questions

How much can I borrow?

You can borrow up to 95% Loan-To-Value, which means up to 95% of the home’s overall value.

Can I pay extra on the principal?

Yes, you can apply extra towards the principal balance of your loan.

Are there any penalties for paying off my loan early?

No, we do not charge early payoff penalties at ACU. Feel free to pay your loan off early!

Do I have to pay for an appraisal?

Many times we are able to use an Automated Valuation Model, which can save you hundreds compared to the cost of a traditional appraisal.