Home Equity Lines of Credit
Put the equity in your home to good use with a Home Equity Line of Credit (HELOC). In addition to paying for home repairs or remodels, members also use HELOCs for large purchases, debt consolidation, family vacations or college tuition. HELOCs provide a hedge for potential future needs and work as an alternative to credit cards.
*APR=Annual Percentage Rate. Loans are approved based on qualifications. Equal Housing Opportunity Lender.
Apply for up to 80% of the Equity in Your Home
Minimum loan amount is $20,000. Maximum is $100,000.
You Only Pay Interest on the Amount You Draw
If you don't use it, you don't pay any interest.
You Can Draw from Your HELOC for 5 Years
After your draw period, you will have 15 years to repay your loan.
Annual Fee Waived for the First Year
The annual fee will be $50 thereafter.
If your life takes an unexpected turn, your family’s finances can be strained. But with MEMBER’S CHOICE™ Borrower Security with Life Plus, your loan payments or balance may be canceled, up to the contract maximums, in case of involuntary unemployment, disability, or death. It’s just one more way you can look out for the people you love.
Your purchase of MEMBER’S CHOICE™ Borrower Security with Life Plus is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions and exclusions may apply.
Please contact your neighborhood branch or refer to the Member Agreement for a full explanation of the terms of MEMBER’S CHOICE™ Borrower Security with Life Plus. You may cancel the protection at any time. If you cancel protection within 30 days, you will receive a full refund of any fee paid.
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