A home equity line of credit (HELOC) is a revolving line of credit that allows you to use the equity in your home when you need it. You won’t pay any interest until you use your HELOC funds.

Loan Highlights
  • Your loan stays at the Credit Union, we don’t sell our servicing
  • 10 year draw period, followed by 20 year repayment period
  • Choose your payment structure during the draw period: Interest-only or Traditional (principal + interest)
  • Low variable rate
  • Only pay when you use the money
  • No application fee
  • No prepayment/payoff penalty

Annual Percentage Rate (APR). Estimated. Expresses the total cost of the loan, including both the interest rate and applicable up-front fees, as a rate. Calculation based on an immediate one-time draw of of $50,000, fees as noted, and other up-front-fees (appraisal, title, origination, etc.) of $500. Assumes fees are financed. Assumes no delay in funding nor any delay in initial payments.

Payment Example: if you take out a $50,000 loan with a 20-year term and a fixed rate of 6.000%, you would make monthly payments of $358.22. This payment example does not include taxes and insurance.

Property Status Rate
Owner Occupied 5.500% – 6.500%, varies with Prime
Non-Owner Occupied 7.000% – 8.000%, varies with Prime