Home Equities, Home Improvement & Home Energy Loans

Your foundation for financing home projects and more! You have a lot you want to do, so we made sure you have options to fund your home improvements and other major purchases.

Line of Credit

For large projects or other major purchases that may need a flexible budget.

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  • Variable Rate1
  • Minimum $25,000
  • 10 year draw period with interest only payments, then 10 year repayment term (principle plus interest)
  • 80% and 100% loan to value options3

Home Equity Loan

For large one-time projects or other major purchases that have a fixed budget.

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  • Fixed rate as low as 4.24% APR 1,2 for 60 months
  • Minimum $25,000 
  • Terms up to 240 months (20 Years)
  • 80% and 100% loan to value options3

Home Improvement

For smaller home projects when you don't want to use your home as collateral.

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  • Fixed rate as low as 8.99% APR1
  • Borrow without using your home as collateral
  • Flexible terms
  • Apply online for a quick closing

Heat

Make your home more energy efficient with MassSave.

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  • 0% APR1 for qualified projects
  • Terms up to 84 months (7 years)4
  • Primary and investment properties
  • $2,000 to $25,000

Solar

Buy and install solar panels on your home.

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  • Rates as low as 3.99% APR1,5 for 84 months
  • Terms up to 144 months (12 years)
  • 80% and 100% loan-to-value options

All loans have access to these features:

Convenient Online Payments

Pay your loan anytime from your online banking account or through the mobile app.

Online and Mobile Banking

View accounts, check balances, setup ebilling and make a payment.6

1All Loans: Subject to credit underwriting and approval. Loan amount may vary based upon credit approval. Visit our rates page for all available rates and terms. Rates effective as of 8/18/2021 and subject to change at any time. Offers may be withdrawn at any time. Workers Federal Credit Union membership required. APR=Annual Percentage Rate. Includes a 0.50% discount for electronic payments from a Workers Checking Account.

2Home Equity Loan: The Annual Percentage Rate (APR) on a home equity loan is as low as 4.24% APR for Up to 60 Months. The monthly payment per $1,000 borrowed is $18.53. Taxes and insurance not included. Actual payment obligation may be greater. Early termination fee applies. Required down payment as low as 0-20%. Investment properties are not eligible.

3Home Equity Loans and Lines of Credit: Maximum combined loan to value is 80% or 100% for owner-occupied primary residence. Investment properties are not eligible. Homeowner’s insurance is required. Minimum loan amount is $25,000. 

4Heat Loan: The Annual Percentage Rate (APR) on a heat loan is 0% APR for Up to 84 Months . Not included in the GiveBack program.

5Solar Loan: The Annual Percentage Rate (APR) on a solar loan is as low as 3.99% APR for Up to 84 months. The monthly payment per $1,000 borrowed is $13.67. Offer applies to new solar loans in Massachusetts only on owner-occupied primary residence. Homeowners insurance required. Early termination fee applies. Required down payment as low as 0-20%. Not included in the GiveBack program. Investment properties are not eligible.

6Text, data, and messaging rates apply for downloading/utilizing the app and text alerts.