Home Equity Line of Credit (HELOC)

Use the equity in your home as a powerful source of funds to pay for college tuition and school expenses, remodel your kitchen or make other home improvements, consolidate debt, fund a vacation, cover medical expenses and more.

  • You get flexible, easy access to your funds when you need them, and the interest may be tax deductible. (Consult your tax advisor for details about your taxes.)

  • Check HELOC rates here.

Apply here | Home Equity Line of Credit

Home Equity Line of Credit (HELOC) fees and closing costs
Effective Date: Saturday, April 1st, 2023
Fee typeEssentialEnhanced Premier
HELOC annual fee $75 $50 $25
The HELOC annual fee is waived the first year. After that, the annual fee depends on your Member Merits category as shown in the table above.

Home Equity Line of Credit closing costs

Closing costs to open a HELOC vary between $0-$2000.

  • Receive up to $500 credit for closing costs on HELOC, amount of credit not to exceed total closing costs. Repayment of credit required if the HELOC is closed by the borrower within three years from the date of the Deed of Trust or Modification of the Trust Deed.

  • If appraisal is required, borrower(s) must pay for appraisal up front. Flood and/or property hazard insurance is required. Consult your tax advisor regarding the deductibility of interest. Other restrictions may apply. Organization NMLS #472475.

Is a HELOC right for you?

HELOCs are perfect for people who:

  • Have substantial equity in their home

  • Want the flexibility of a line of credit at a lower interest rate

  • Want a quick and inexpensive way to access the equity in their home

Benefits of a HELOC

  • Monthly interest-only payments on balances advanced during the draw period

  • Annual fees based on member merits waived for the first year

  • Convenient access to funds by visiting a branch or through Phone Access Teller, online banking or HELOC checks

  • Lines of credit up to $350,000 depending on the amount of equity in your home

  • No application fee

  • Funds can be accessed for any purpose

  • Up to $500 off closing costs

    • Not to exceed total costs, excluding appraisal. The credit union will recoup $500 closing cost credit if the Home Equity Line of Credit is paid off and closed within the first three years from original loan date.

Start your Home Equity Line of Credit today

Make your home owner dreams come true today using the equity in your home. We’re happy to answer your questions. Call us at 800-732-0173 or apply online.

Apply here | Home Equity Line of Credit


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