Home Equity

Thinking of home improvements, installing a pool, or just need some extra cash? Consider one of your lowest cost resources: the equity in your home. At SPXFCU, we have two options that can work for you.

Apply for a Home Equity Loan Today!

Rates Calculator

Want to calculate your monthly payment? Enter values into the calculator below. Add extra rows to compare different values.
*This is only an estimate. You will need to speak to a SPXFCU representative for accurate quotes and payment options.


Home Advantage Line of Credit (HALOC)

A Home Advantage Line of Credit (HALOC)* gives you the flexibility to borrow funds as you need them. The line can be reused as it is paid down, without applying for a new loan. Using your line of credit is as easy as writing a check. With a HALOC loan, the possibilities are endless – home improvements, debt consolidation, vacation, and more!

Home Advantage Line of Credit (HALOC) offers:

  • Adjustable quarterly rates
  • 15-years revolving credit
  • 15-years after to repay
  • Rates based on Prime +/- a margin and based on credit score*
  • No need to reapply during draw period
  • Tax deductible (consult your tax advisor)
  • Minimum loan amount $10,000; with subsequent draws of $500

Tax Advantage Loan (TAL)

A Tax Advantage Loan (TAL) is a home equity loan that provides you the ability to borrow against your home but offers varying features than a HALOC loan.

Tax Advantage Loan (TAL) offers:

  • Adjustable rates every 5 years
  • 15-year term – closed end loan
  • Rates based on Prime +/- a margin and based on credit score*
  • Tax deductible (consult your tax advisor)

*Rates and loan terms are determined based on applicant’s past credit history.

Current Rates

*All rates effective: October 10, 2023

Loan Type Maximum Term APR as low as*
Home Advantage LOC 15 years – 80% LTV1 8.00%*
15 years – 90% LTV1 8.25%*
Tax Advantage Home Equity 15 years – 100% LTV1 9.00%*

* Annual Percentage Rate (APR) Rates and loan terms are determined based on applicant’s past credit history will vary based on credit score. Financing available to qualified borrowers. Terms and conditions subject to credit union approval. Rates do not apply to refinance of an existing loan with SPXFCU. Rates subject to change without notice. Membership subject to eligibility. Other terms available.
**Estimate includes principal and interest only for longest term.

See What the SPXFCU Family Are Saying

I would recommend SPX to anyone looking for a fair and supportive credit union!

Anthony V.


A great value we bring to our customers is that we are not just employees, we are lifelong members.

Bob C.


Everyone is treated like family at SPX. I’m proud to work here and I’m thankful that everyone at St. Pius is a part of my life.

Katelyn M.


We offer a personalized service to our membership that is unmatched by our competition. We help create a more financially sound future for our members.

Matt A.


As a member of St. Pius Credit Union, I’ve experienced the most wonderful customer service assistance in banking.

Randolph G.


SPX has excellent customer service. Everyone is helpful and friendly!

Shirley D.