Loans > Credit Home Equity

Your home has value — start using it: Home equity loans in St. Louis

Using the value in your home, you have the power to borrow at a low rate. Home equity loans and lines of credit (HELOCs), put you in control of tackling home improvement projects, paying off high-interest debt and any other major purchases you want to make.

We’ll provide the basic information about your home equity loan here. If you’re ready to take the next step, connect directly with a home equity specialist who will walk you through the process

Connect with a home equity specialist

The Arsenal home equity difference


Save between $500 to $1,500

You pay no closing costs when you finance at Arsenal. Closing costs typically include items like appraisal, title, flood certification and recording fees.

Boost your borrowing power

Do more with your loan. Borrow up to 100 percent on your home equity loan or HELOC. Most lenders only let you borrow 60 to 80 percent of your home’s equity.

Consolidate debt into a single, low-rate loan

Many Americans are saddled with high-interest credit card debt. If you don’t pay this off quickly, it can start to become chaotic. Gain more balance in your life by consolidating it to a low-interest home equity loan or line of credit.

Gain more balance in your life

Home equity loans vs. HELOCs

Both loan options are convenient, low-rate ways to use the equity in your home. The right loan for you depends on your own unique preferences.

Home equity loan

Receive your loan amount in a single, lump sum.

Perfect for financing a big home project or consolidating high interest debt.

Fixed rates mean predictable payments every month.

HELOC

Receive a line of credit to access at any time.

Perfect for home improvements, everyday repairs or anything else you need.

Pay a variable rate depending on when you draw.

Connect with a home equity specialist

Fill out the quick form with your basic information and a member of our home equity lending team will get back to you shortly.

Or, email us directly at equityloans@arsenalcu.com.

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Quick and easy home improvement loans

Reduce your carbon footprint. Add value to your home. Our Go Green loans start at 5.99% APR*.

Energy-efficient improvements

Use your Go Green loan for upgrades like solar panels, windows, doors, siding and insulation.

Save time and save money

Unlike home equity loans and lines of credit, Green loans require no appraisal. Apply online and get a quick decision

Low monthly payments

Borrow as little as $500 or as much as $15,000. Get flexible terms up to 60 months.

Go green. Apply online.

How much can I save with a home equity loan?

Use our calculator to estimate your monthly payment. We're here for you if you need help or want to discuss your home equity options. View current rates on the table below.

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Format: 12m, 36m, 3y, 7y

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View current rates

Vehicle Loan Rates
Home Loan Rates
Credit Card Rates
Deposit Rates

APR*

Term

7.25% APR-22.25% APR

0-36 months

7.50% APR-22.75% APR

37-48 months

8.50% APR-22.75% APR

49-63 months

9.75% APR-22.75% APR

64-72 months

11.25% APR-18.00% APR

73-84 months

New auto loan (current and last model year, not titled) – Up to 125% of purchase price financed (including taxes, dealer handling charges, warranty and insurance) based on creditworthiness.

*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 3.1.2023.

APR*

Term

7.25% APR-22.25% APR

0-36 months

7.50% APR-22.75% APR

37-48 months

8.50% APR-22.75% APR

49-63 months

9.75% APR-22.75% APR

64-72 months

11.25% APR-18.00% APR

73-84 months

Current and last year’s models previously titled – Up to 125% of current NADA retail value financed (including taxes, dealer handling charges, warranty and insurance) based on creditworthiness.

*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 3.1.2023.

APR*

Term

7.50% APR-22.75% APR

0-36 months

8.00% APR-23.25% APR

37-48 months

8.75% APR-23.25% APR

49-63 months

10.50% APR-23.25% APR

64-72 months

11.50% APR-18.25 % APR

73-84 months

Models that are 3-5 years old – Up to 125% of current NADA retail value financed (including taxes, dealer handling charges, warranty and insurance) based on creditworthiness.

*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 3.1.2023.

APR*

Term

8.25% APR-23.00% APR

0-36 months

8.75% APR-23.50% APR

37-48 months

9.75% APR-23.50% APR

49-63 months

11.25% APR-23.50% APR

64-72 months

12.00% APR-15.75% APR

73-84 months

Models that are 5-9 years old – Up to 125% of current NADA retail value financed (including taxes, dealer handling charges, warranty and insurance) based on creditworthiness.

*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 3.1.2023.

APR*

Term

10.00% APR-24.00% APR

0-36 months

10.75% APR-24.50% APR

37-48 months

13.50% APR-24.50% APR

49-63 months

Older Models (2012-1990) – Up to 95% of current NADA retail value financed

*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 3.1.2023.

APR*

Term

7.75% APR-18.00% APR

0-60 months

8.75% APR-18.30% APR

61-120 months

9.25% APR-19.00% APR

121-144 months

10.00% APR-19.50% APR

145-180 months

New Boats (certificate of origin) – Up to 100% of MSRP financed (plus tax, title and license)

*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 3.1.2023.

APR*

Term

7.75% APR-18.00% APR

0-60 months

8.75% APR-18.30% APR

61-120 months

9.25% APR-19.00% APR

121-144 months

10.00% APR-19.50% APR

145-180 months

Used Boats – Up to 90% of NADA retail value financed

*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 3.1.2023.

APR*

Term

5.49% APR-19.99% APR

0-36 months

5.74% APR-7.24% APR

37-60 months

6.99% APR-8.99% APR

61-84 months

New Motorcycles and Personal Watercraft – (current model year and up to two previous model years with no previous title)

*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 3.1.2023.

APR*

Term

5.49% APR-19.99% APR

0-36 months

5.74% APR-7.24% APR

37-60 months

6.99% APR-8.99% APR

61-84 months

Used Motorcycles/Pers. Watercraft (model previously titled and no more than six years old, includes current year) – Up to 115% of NADA retail value financed (plus tax, title, and license)

*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 3.1.2023.

APR*

Term

8.75% APR-22.25% APR

0-84 months

9.75% APR-22.25% APR

85-120 months

10.75% APR-22.25% APR

121-144 months

11.75% APR-23.25% APR

145-180 months

New Motorhomes, Campervans, Travel Trailers and Campers – Up to 115% of MSRP financed (plus tax, title and license)

*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 3.1.2023.

APR*

Term

8.75% APR-22.25% APR

0-84 months

9.75% APR-22.25% APR

85-120 months

10.75% APR-22.25% APR

121-144 months

11.75% APR-23.25% APR

145-180 months

Used Motorhomes, Campervans, Travel Trailers and Campers – Up to 115% of NADA used wholesale value financed (plus tax, title and license)

*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 3.1.2023.

Loan Type

APR*

Term

Payment

New car: 2022-2024

9.75%

72 months

$18.40

Used car: 2022-2023

7.50%

48 months

$24.18

Used car: 2019-2021

11.50%

84 months

$17.39

Used car: 2014-2018

11.25%

72 months

$19.16

Older-model auto

10.75%

48 months

$25.72

New or used boat

8.75%

120 months

$12.53

New motorcycle

6.99%

72 months

$17.04

Used motorcycle

5.49%

36 months

$30.19

New or used RV

9.75%

120 months

$13.08

Personal

9.99%

18 months

$60.05

Monthly loan payment examples per $1,000 borrowed

Use our free calculator to estimate your monthly payments and check out other financial calculators we provide at no cost.

*APR=Annual Percentage Rate. Subject to change and based on creditworthiness. Rates as of 3.1.2023.

All ACU loans are simple-interest loans calculated on the declining balance and have no prepayment penalties.
Aggregate total for unsecured debt is $50,000.

Loan Type

APR*

Term

Fixed-Rate 60% Home Equity Loan

5.50% Rate 5.50% APR $20,000 min., $150,000 max.

60% equity Up to 60 months 5-year amortization no escrow

Fixed-Rate 80% Home Equity Loan

6.25%-7.75% Rate 6.25%-7.75% APR $5,000 min., $150,000 max

80% equity 60-180 month repayment terms

Fixed-Rate 100% Home Equity Loan

6.75-8.25% Rate 6.75-8.25% APR $5,000 min., $150,000 max.

100% equity 60-180 month repayment terms

APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 3.1.2023.
– Equity is the difference between what you still owe on your house (mortgage balance) and what your house is worth on the market now (appraised value).
– MO property located in St. Louis City, St. Louis County, Jefferson County, Franklin County, Washington County, St. Francois County and Ste. Genevieve County, as well as St. Charles County. IL property located in St. Clair County, Madison County, Monroe County and Randolph County.

To calculate how much you can borrow, take your home’s current value and multiply it by 60%, 80% or 100%. Take that figure and subtract how much you still owe on your current mortgage. The result is your available equity.

For example: If your home is worth $100,000, then $80,000 will be 80% of it. Next, if your current mortgage balance is $50,000, you will subtract it from $80,000. The maximum amount you can borrow for 80% is $30,000.

Loan Type

APR*

Term

Variable-Rate HELOC (Home Equity Line of Credit) - 80% Equity

Prime

120 months 240-month amortization adjustment cap: 2%; floor rate: 4.50%; life cap: 20%

Variable-Rate HELOC (Home Equity Line of Credit) - 100% Equity

Prime + 1.0%

120 months 240-month amortization adjustment cap: 2%; floor rate: 6%; life cap: 20%

APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 3.1.2023.

– Equity is the difference between what you still owe on your house (mortgage balance) and what your house is worth on the market now (appraised value).
– MO property located in St. Louis City, St. Louis County, Jefferson County, Franklin County, Washington County, St. Francois County and Ste. Genevieve County, as well as St. Charles County. IL property located in St. Clair County, Madison County, Monroe County and Randolph County.

To calculate how much you can borrow, take your home’s current value and multiply it by 60%, 80% or 100%. Take that figure and subtract how much you still owe on your current mortgage. The result is your available equity.

For example: If your home is worth $100,000, then $80,000 will be 80% of it. Next, if your current mortgage balance is $50,000, you will subtract it from $80,000. The maximum amount you can borrow for 80% is $30,000.

Loan Type

APR*

Term

For current rates on mortgages, please visit contact us at mortgages@arsenalcu.com. Or, call Shane Wecker at 314.501.3360. Visit our mortgage application site to start your application online.

Loan Type

APR*

Term

Payment

Home equity (fixed, 60%)

5.00%

60 mths

$188.71

Home equity (fixed, 80%)

5.65%

120 mths

$109.27

Home equity (fixed, 100%)

5.85%

180 mths

$83.58

APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 3.1.2023.
Monthly loan payment examples per $10,000 borrowed.
APR=Annual Percentage Rate
All ACU loans are simple interest loans calculated on the declining balance and have no prepayment penalties.
*Aggregate total for unsecured debt $50,000.
**ACU may pay closing costs for home equity loans or lines of credit. Borrower is responsible for obtaining and paying for comprehensive insurance to cover the value of the real estate. If the borrower repays the loan within the first 12 months, the borrower must reimburse the credit union for the closing costs.

Card Type

Limit

APR*

Fixed-rate Visa Platinum

$300 - $30,000 credit limit

9.90% APR-17.90% APR

Variable-rate Visa Platinum

Max $5,000 credit limit

Prime + 4.50% with a cap of 18.90% (may adjust monthly)

No annual or monthly fees; no minimum finance charge; no cash advance fees; no balance transfer fees; no penalty rate; 25-day grace period.

*APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 3.1.2023.

Product

Minimum Balance to Earn APY*

APY / Dividend Rate / Interest Rate

Compounding Frequency

Regular Savings

$100

0.15% / 0.15%

Monthly (Dividend)

Special Saving

$0

0.15% / 0.15%

Monthly (Dividend)

Tracker Kids Club

$0

0.15% / 0.15%

Monthly

Christmas Club

$0

0.15% / 0.15%

Monthly

Vacation Club

$0

0.15% / 0.15%

Monthly

Value Checking

$0

0.05% / 0.05%

Monthly

Advantage Plus Checking

$0

0.08% / 0.08%

Monthly

Business Checking II

$500

0.05% / 0.05%

Monthly

Business Checking III

$2,500

0.08% / 0.08%

Monthly

IRA Savings Account**

$0

0.20% / 0.20%

Monthly

Money Market Account

$2,500 - $9,999

1.65% / 1.638%

Monthly

$10,000 - $24,999

1.75% / 1.736%

Monthly

$25,000 - $49,999

1.85% / 1.834%

Monthly

$50,000 - $99,999

1.95% / 1.933%

Monthly

$100,000 and over

2.05% / 2.031%

Monthly

DEPOSIT RATES AND TERMS
Rates Subject To Change Without Notice. Rates as of 3.1.2023.
*APY=Annual Percentage Yield
**On IRA savings accounts, fees could reduce earnings on the account and early withdrawal penalties may be imposed.

Term

Minimum Balance to Earn

APY* / Interest Rate

With IRA CD - APY / Rate

3-month None

$500

1.75% / 1.739%

1.75% / 1.739%

6-month Quarterly

$500

2.30% / 2.280%

2.30% / 2.280%

12-month Quarterly

$500

4.00% / 3.941%

4.00% / 3.941%

18-month Quarterly

$500

4.05% / 3.990%

4.05% / 3.990%

24-month Quarterly

$500

4.25% 4.184%

4.25% 4.184%

36-month Quarterly

$500

3.10% 3.065%

3.10% 3.065%

48-month Quarterly

$500

3.15% 3.113%

3.50% 3.455%**

60-month Quarterly

$500

3.20% 3.162%

3.75% 3.698%**

Rates Subject To Change Without Notice. Rates as of 3.1.2023.
*APY=Annual Percentage Yield. Earn a 0.25% APY rate bump when opening a CD with funds not currently on deposit at Arsenal Credit Union. Offer valid 2.6.2023 through 3.31.2023. Subject to change without notice.
**Promotional rates effective for IRA certificates only

All certificates have the option of paying quarterly or monthly interest that would be transferred to another Arsenal Credit Union account. Interest checks may be paid monthly for all certificates with a $10,000 minimum balance. Selecting any of these interest options will affect the annual percentage yields quoted on this rate sheet – the annual percentage yields are calculated based on quarterly compounding of the interest.
The minimum balance requirement is $100 for members age 18 and under to earn the stated APY.
Fees may reduce earnings on the account. A penalty rate may be imposed for early withdrawal.

What are people saying?

“I have been a member since the 80s. I’ve always been really happy with any loans that I’ve had and the staff is always friendly and helpful.”

William S.
Member

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