Turn Your Home Equity into Cash
If you’ve built equity in your home, a home equity loan or line of credit (HELOC) can help you tap into that value for nearly any financial goal — home remodeling, debt consolidation, education, major purchases, or other life events.
Why Choose a Blaze Home Equity Loan or HELOC
Pay No More than $750 in Closing Costs
When you open a Blaze Home Equity loan or Line of Credit, you pay no more than $750 in closing costs, which includes the cost of the required appraisal.
Offer does not include property taxes, homeowner’s insurance, prepaid interest, or fees for a potential subordination agreement. If the loan does not close, the cost of the appraisal will not be refunded.
Enjoy a Low-rate HELOC
Get a rate as low as 3.99% APR* on a Home Equity Line of Credit and unlock your potential.
*APR=Annual Percentage Rate. After a 12-month promotional period, a variable rate as low as 7.25% APR will apply and vary with the market. Subject to change or termination at any time. Qualifications apply. We offer conventional loans in all states except AK, CA, HI, NY, and TX. We offer government (FVA/VA) loans in all states except AK, AZ, HI, MA, NY, RI, VA, VI, VT, or Washington, D.C. Cannot be used to pay ova an existing Blaze HELOC. Learn more
Your Loan Stays Local
Our Minnesota-based Blaze loan officers, decision-makers, and servicers make buying and owning a home local and personal.
You'll always know who to contact when you need guidance on the next step of your journey.
Getting Started with Blaze Home Equity Options
Fixed-rate Home Equity Loan
Looking to consolidate debt, make a large purchase, finance education expenses, or do some home improvements? You may find the extra cash you need with a Blaze Home Equity loan.
Blaze offers five to 20-year terms with up to 100% financing available.
A Home Equity loan is a second mortgage or lien on your primary or secondary residence, so you continue your primary mortgage payments in addition to this loan’s payments.
Home Equity Line of Credit (HELOC)
Not sure how much you need or when you’ll need it? A HELOC is revolving and works similar to a credit card. Get the funds when you need them and pay interest only on the balance.
Borrow up to 85% of the value of your primary residence. Interest-only payments are available during the 10-year draw period. This is a variable interest rate loan with a minimum loan amount of $10,000 and no annual fee.
Blaze Home Equity Comparison
| Feature | Fixed-Rate Home Equity Loan | Home Equity Line of Credit (HELOC) |
|---|---|---|
| Type | Lump-sum second mortgage |
Revolving line of credit secured by your home |
| Good for | A specific project like a major renovation, debt consolidation, or education expense and want predictable terms |
Variable spending like staggered home improvements, future expenses, or want a financial safety net |
| Rate Type | Fixed |
Variable |
| Terms | 5, 7, 10, 15, or 20-year terms* |
10-year draw period* |
| Max Financing / CLTV | Up to 100% CLTV (varies by term)* |
Up to 85% of primary residence value* |
| Closing Costs | No more than $750* |
No more than $750* |
| Minimum Loan Amount | $10,000–$25,000 depending on term* |
$10,000 minimum* |
| Payment Structure | Fixed monthly P&I plus existing mortgage payment |
Interest-only during draw period, then repayment |
Fixed-Rate Home Equity Loan
- Type
Lump-sum second mortgage
- Good for
A specific project like a major renovation, debt consolidation, or education expense and want predictable terms
- Rate Type
Fixed
- Terms
5, 7, 10, 15, or 20-year terms*
- Max Financing / CLTV
Up to 100% CLTV (varies by term)*
- Closing Costs
No more than $750*
- Minimum Loan Amount
$10,000–$25,000 depending on term*
- Payment Structure
Fixed monthly P&I plus existing mortgage payment
Home Equity Line of Credit (HELOC)
- Type
Revolving line of credit secured by your home
- Good for
Variable spending like staggered home improvements, future expenses, or want a financial safety net
- Rate Type
Variable
- Terms
10-year draw period*
- Max Financing / CLTV
Up to 85% of primary residence value*
- Closing Costs
No more than $750*
- Minimum Loan Amount
$10,000 minimum*
- Payment Structure
Interest-only during draw period, then repayment
Solar Home Equity Loans
We are proud to partner with CU Green® to provide members with financing options for rooftop solar panel installation. Solar panels can be useful anywhere the sun shines and are an eco-friendly, low maintenance way to produce energy and save you money.
At Blaze, we are continually looking for ways to reduce our carbon-footprint and be a more earth-friendly business. Offering members affordable financing for producing green energy is just one more way we can help be good stewards of the environment and have a positive impact on our community.
See if solar might be for you.
Home Equity Loan Rates
Primary Residence Home Equity: Second Lien PositionRates Effective: 12/26/2025
Rate Type |
APR* | Monthly Term | Monthly Payments |
|---|---|---|---|
| Home Equity - 5yr. CLTV up to 80% | 6.000 | 60 | $966.64 |
| Home Equity - 5yr. CLTV up to 90% | 7.000 | 60 | $990.06 |
| Home Equity - 5yr. CLTV up to 100% | 8.250 | 60 | $1019.81 |
| Home Equity - 7yr. CLTV up to 80% | 6.250 | 84 | $736.43 |
| Home Equity - 7yr. CLTV up to 90% | 7.250 | 84 | $760.76 |
| Home Equity - 7yr. CLTV up to 100% | 8.500 | 84 | $791.82 |
| Home Equity - 10yr. CLTV up to 80% | 6.500 | 120 | $567.74 |
| Home Equity - 10yr. CLTV up to 90% | 7.500 | 120 | $593.51 |
| Home Equity - 15yr. CLTV up to 80% | 6.750 | 180 | $442.45 |
| Home Equity - 15yr. CLTV up to 90% | 7.750 | 180 | $470.64 |
| Home Equity - 20yr. CLTV up to 80% | 7.250 | 240 | $395.19 |
| Home Equity - 20yr. CLTV up to 90% | 8.250 | 240 | $426.03 |
*APR = Annual Percentage Rate. Monthly Principal & interest payment based on loan amount of $50,000. Minimum loan amount is $10,000 for 5-10 year terms, $15,000 for a 15-year term, and $25,000 for a 20-year term. Maximum combined loan-to-value (CLTV) is 100% and varies by loan term. Property must be the primary or secondary residence and property insurance is required. Commercial, agriculture, and large acreage properties excluded from offer. Blaze member responsible to pay up to $750 toward closing costs, which includes the cost of the required appraisal, and does not include property taxes, home owner’s insurance, prepaid interest, and fee for a potential subordination agreement. If the loan does not close, the cost of the appraisal will not be refunded. A minimum of $10,000 must be new money at Blaze. Offer subject to termination at any time. The stated rates are the lowest available and subject to change at any time without notice. Rates are based on credit history, loan-to-value, and other factors so your rate may different. Borrower must meet membership requirements to qualify. Other restrictions may apply. See your tax advisor for details regarding interest deductibility.
Primary Residence Home Equity Line of CreditRates Effective: 12/26/2025
Rate Type |
Rate | APR* as low as |
|---|---|---|
| CLTV up to 80% | 3.990 | 3.990 |
| CLTV up to 85% | 4.990 | 4.990 |
*APR = Annual Percentage Rate. The Home Equity Line of Credit has a variable rate therefore the APR may increase after consummation; the range is 4.50%-18.00% APR. Minimum loan amount for a Home Equity Line of Credit (HELOC) 10-year draw is $10,000. Maximum combined loan-to-value (CLTV) is 85%. Property must be the primary residence and property insurance is required. Commercial, agriculture, and large acreage properties excluded from offer. Blaze member responsible to pay up to $750 toward closing costs, which includes the cost of the required appraisal, and does not include property taxes, homeowner’s insurance, prepaid interest, and fee for a potential subordination agreement. If the loan does not close, the cost of the appraisal will not be refunded. A minimum of $10,000 must be new money at Blaze. Offer subject to termination at any time. The stated rates are the lowest available and subject to change at any time without notice. Rates are based on credit history, loan-to-value, and other factors so your rate may be different. Borrower must meet membership requirements to qualify. Other restrictions may apply. See your tax advisor for details regarding interest deductibility. After a 12-month promotional period, a variable rate as low as 7.25% APR will apply and vary with the market. Subject to change or termination at any time. Qualifications apply. Not available in all states. Cannot be used to pay off an existing Blaze Mortgage, fixed HEQ, or HELOC.
Second/Vacation Homes: Second Lien PositionRates Effective: 12/26/2025
Rate Type |
APR* | Monthly Term | Monthly Payments |
|---|---|---|---|
| Home Equity - 5yr. CLTV up to 75% | 6.750 | 60 | $984.17 |
| Home Equity - 7yr. CLTV up to 75% | 7.000 | 84 | $754.63 |
| Home Equity - 10yr. CLTV up to 75% | 7.250 | 120 | $587.01 |
| Home Equity - 15yr. CLTV up to 75% | 7.500 | 180 | $463.51 |
*APR = Annual Percentage Rate. Monthly Principal & interest payment based on loan amount of $50,000. Minimum loan amount is $10,000 for 5-10 year terms and $15,000 for a 15 year term. Maximum combined loan -to-value (CLTV) is 75%. Property must be the primary or secondary residence and property insurance is required. Commercial, agriculture, and large acreage properties excluded from offer. Blaze member responsible to pay up to $750 toward closing costs, which includes the cost of the required appraisal, and does not include property taxes, home owner’s insurance, prepaid interest, and fee for a potential subordination agreement. If the loan does not close, the cost of the appraisal will not be refunded. A minimum of $10,000 must be new money at Blaze. Offer subject to termination at any time. Rates and terms are subject to qualification and may change at any time. Borrower must meet membership requirements to qualify. Other restrictions may apply. See your tax advisor for details regarding interest deductibility.
Meet Your MLO
Meet Your Mortgage Loan Officer
At Blaze, you'll work with a dedicated loan officer based here in Minnesota.
Whether you're looking to understand the process or you're ready to apply, your loan officer will be with you at every turn.
You can even schedule a virtual meeting with them!
Calculate Your Journey
Use our free, easy-to-use financial calculators to answer common money questions and help you confidently blaze your financial path.
Disclosures
We offer conventional loans in all states except AK, CA, HI, NY, and TX. We offer government (FHA/VA) loans in all states except AK, AZ, HI, MA, NY, RI, VA, VI, VT, or Washington, D.C.
