Mini house and heart, family members, US money bags on rows of rising coins on table. Family tax benefit, residential property tax concept: depicts home equity loan, real estate business investment. Source: Adobe Stock

Research from Cornerstone reveals home equity loans are among the top lending priorities for credit unions in 2023, with 59% of credit unions focused on home equity this year. With interest rates continuing to rise and Americans sitting on record-high levels of home equity, credit unions are wisely shifting their focus to home equity lending over other loan types.

New data from TransUnion proves demand is strong for home equity loans and lines of credit, as originations surged in Q3 of 2022 and the credit bureau’s forecasts are predicting that home equity originations will increase by 24% in 2023.

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