Home Equity Line of Credit

For larger purchases or one-time needs, a Home Equity Line of Credit or a Fixed-Rate Home Equity Loan is the most efficient vehicle for accessing the stored up value in your home. Our rates are consistently lower than area banks, and you pay no closing costs, points, or property valuation fees!

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Home Equity Line of Credit

Think of our Home Equity Loan for a one-time expenditure, and our Home Equity Line as an open account to draw upon as needed.  A Home Equity Line of Credit can be the most efficient and versatile way to unlock the value you have stored up in your home.  For college tuition, consolidation of credit card debt, a new appliance or a well-deserved vacation, a Home Equity Line of Credit provides a low-cost source of funds that in most cases is tax deductible.  Let our experienced mortgage department set up your Home Equity Line of Credit to have it available whenever you need it.  All of the options below allow you to borrow up to 75% of your home's value less your outstanding mortgage balance:

  • BetterThanPrime - This product offers you a variable rate set at 0.50% below the Prime Rate. The rate is adjusted monthly based on the Prime Rate published in The Wall Street Journal.
  • Basic - The rate is fixed for 12 months then is adjusted monthly to the Prime Rate published in The Wall Street Journal plus 0.00%.
  • WiseChoice - The rate is fixed for 24-months then is adjusted monthly to the Prime Rate published in The Wall Street Journal plus 0.00%.
  • SecureFit - The rate is fixed for 36-months then is adjusted monthly to the Prime Rate published in The Wall Street Journal plus 0.00%.

100% Basic Home Equity Line of Credit

HCU is now offering a 100% Loan-to-Value Home Equity Line of Credit. This allows you to borrow up to 100% of your home’s value less your outstanding mortgage balance.

  • 100% Basic HELOC - The rate is fixed for 12 months then is adjusted monthly to the Prime Rate published in the Wall Street Journal plus 2%.

Current Rates

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