Use the equity in your home to help fund renovations, debt consolidation, major purchases and more! A Home Equity Line of Credit is a revolving loan that uses your home as collateral. HELOCs allow for greater flexibility than a term home equity loan because they don't require you to draw on all of the available funds at one time, but rather, as needed. Choose the one that's right for you.
Fixed-Rate Home Equity Line of Credit
(Interest-Only)
- Fixed-rate loan
- 15-year term
- Initial draw minimum of $10,000
- Draw money as you wish and repay up to available line amount for 5 years
- Interest-only payment for the first 5 years
- Quick closing in 30 days or less
Fixed-Rate Home Equity Line of Credit
(Principal + Interest Payment)
- Fixed-rate loan
- 10 or 15-year terms
- Initial draw minimum of $10,000 (15-year term) or $16,000 (10-year term)
- Draw money as you wish and repay up to available line amount for 5 years
- Quick closing in 30 days or less
Home Equity Loan
- Fixed-rate loan
- 5 to 15-year terms
- Minimum loan amount of $20,000; maximum loan amount no greater than 80% of fair market value
| Uses | You can use a home equity loan or line of credit for anything, including debt consolidation, home improvements, major purchases, and more. |
| Advances | Unlimited advances - up to your available credit limit |
| Prepayment | You can pay off your loan or line of credit early with no prepayment penalties. |
| Quick Application | Application can be submitted online in minutes from a desktop or mobile device. |
View our Loan Originator NMLS Registry.
Important Disclosures:
Interest Only HELOC
10-Year HELOC (Principal + Interest)
15-Year HELOC (Principal + Interest)
What you should know about Home Equity Lines of Credit
Equal Opportunity Lender. The credit union makes loans and extends credit without regard to race, color, religion, national origin, sex, handicap, or familial status.
Home Equity Line of Credit
(Interest-Only)
| Term | APR* (as low as) | Minimum Draw |
|---|---|---|
| 15 years | 5.25%** | $10,000 |
Home Equity Line of Credit
(Principal + Interest Payments)
| Term | APR* (as low as) | Minimum Draw |
|---|---|---|
| 10 years | 4.99% | $16,000 |
| 15 years | 5.49% | $10,000 |
Home Equity Loan
(1st Lien)
| Term | Rate* | APR* |
|---|---|---|
| 5 Years | 4.75% | 4.83% |
| 7 Years | 5.75% | 5.82% |
| 10 Years | 6.00% | 6.06% |
| 15 Years | 6.25% | 6.29% |
Home Equity Loan
(2nd Lien)
| Term | Rate | APR* (as low as) |
|---|---|---|
| 5 Years | 6.75% | 6.87% |
| 7 Years | 7.75% | 7.85% |
| 10 Years | 8.00% | 8.08% |
| 15 Years | 8.25% | 8.31% |
