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Equity Loans from Connex

Get your home working for you.

Home Loan Originator NMLS Status - Check your loan originator's status here.

If you've got equity in your home, you've got the key to money for projects, tuition, trips and more. Connex home equity loans and lines of credit are built with the flexibility and convenience that can turn real value in your home into real money for you. To view our rates, click here.


1HOME EQUITY LINE OF CREDIT – New Home Equity Lines of Credit with an introductory Annual Percentage Rate (APR) of 3.99% are available as of 10/1/19. The introductory rate of 3.99% is for 12 billing cycles from the funding date. After that, a variable rate based on an Index minus 0.25% will be used. The Index is the highest United States Prime Rate as published in the Eastern Edition of The Wall Street Journal on the last business day before the start of each month’s billing cycle. As of 10/1/19, the Prime Rate was 5.00%. The APR cannot fall below the minimum of 3.00% nor exceed a maximum of 18.00%. Obtain credit advances for 10 years (Draw Period), make interest only payments or principal and interest payments during this period, then repay the remaining balance over the next 10 years (Repayment Period). Principal balance will not decrease if interest-only payments are made. The maximum combined loan-to-value ratio (existing mortgage loan balances plus Home Equity Credit Line limit) is 80% of appraised value. The minimum line of credit amount is $10,000 and up to a maximum of $300,000. The minimum credit advance that you can make is $500. Third party fees may need to be reimbursed if the loan is closed within the first 24 months.

2HOME EQUITY LOAN – APR = Annual Percentage Rate. A loan amount of $100,000 and greater has a 3.49% APR and is representative of a 10-year term home equity loan in first lien position with no points, and up to 80% loan-to-value (LTV). A loan amount of less than $100,000 has a 3.74% APR and is representative of a 10-year term home equity loan in first lien position with no points, and up to 80% LTV. PAYMENT EXAMPLE: A 10 year loan at an APR of 3.49% would have 120 months principal and interest payments of $9.88 per $1,000. A 10 year loan at an APR of 3.74%, would have 120 months principal and interest payments of $10.00 per $1,000 borrowed.

Home Equity Line of Credit and Home Equity Loan have no application fee, no closing costs, and no annual fee. Proof of homeowners insurance required. CT owner-occupied properties only. Programs, rates, terms, and conditions are subject to change and may be withdrawn without notice. Other terms and conditions may apply. Up to 100% loan-to-value financing available, higher rates apply. Interest may be tax deductible, please consult your tax advisor. All loans are subject to credit approval, underwriting guidelines and membership eligibility. Refinancing existing Connex home equities not eligible.

Two convenient ways to borrow.

Home Equity Loan

With a fixed rate equity loan, you simply borrow a set amount and pay it back in monthly installments that stay the same over the life of the loan.*


Home Equity Line of Credit

This is a revolving line of credit similar to a credit card. You just borrow against it any time you need a cash advance for a purchase.


We make it simple.

With Connex, turning your home's equity into cash is quick, easy and affordable. Here's how.

  • No points, application fees, closing costs or annual fees save you money.**
  • Fast application process and loan approval saves you time.
  • Tax-deductible interest saves you money come April 15th.(Consult your tax advisor for details.)
  • Calling us any time you have a question saves you stress.

To view our rates, click here.

What's your wish?

Within the four walls of your home could be a lot of dreams waiting to be made real including:

  • Debt consolidation
  • College for you or your kids
  • A much needed vacation
  • Money for taxes
  • Improving your home
You don't even have to leave home to get started. Click the "apply" button above, call 1.800.CR.UNION, or stop by a Connex branch. It's your equity. Use it.

You can start the process right away by calling our Home Loan Consultant, Mark Frank, at 203.603.5811 or by e-mailing him at

Making your Payment is Easy!

Pay Your Connex Loan With Funds From Your Connex Checking / Savings Account:

Log into Online Banking via laptop, computer or tablet; or Mobile Banking via smartphone and use the "Transfer Funds" option to make your loan payment.


Pay Your Connex Loan With Funds From Another Financial Institution
It's easy to set up Connex loan payments using funds from another financial institution. Simply log into Online Banking and click on the Move Money Button from the top navigational menu  then choose Loan Payment and follow the directions on the screen.

You can also use Mobile Banking to may your Connex Loan Payments. Simply log into the app and click on the "more" button. For iPhone users, click on the three dots in the lower right hand corner of the app. For Android users, click on the three lines in the top left corner of the app. Click on the Loan Payment link and then follow the directions on the screen.

Pay In Person

You can also make loan payments in person at one of our branches or any Shared Branching location.

If you prefer to mail your payments, please send to:

Connex Credit Union

P.O. Box 477

North Haven, CT. 06473

* Proof of homeowners insurance is required for all home equity products. Home equity financing available on Connecticut owner-occupied properties only. Requests for amounts that exceed 80% financing require mortgage insurance and are subject to guidelines and approval of mortgage insurance underwriter.

** Connex Credit Union absorbs all third party costs associated with your loan. The Loan Estimate and final documentation you receive will include an estimate of your annual homeowners insurance, which is paid separately by you.


© 2019 Connex Credit Union.

Routing Number: 211178200

Equal Housing Lender NCUA

Your savings federally insured to at least $250,000 and backed in full faith and credit of the United States Government, National Credit Union Administration, a U.S. Government Agency.