HELOC’s (Home Equity Line of Credit Loans)
Maximum HELOC is $125,000
Maximum loan to value (LTV) of 80% with includes any first mortgage you have in the calculation (example $400,000 home, first mortgage currently is $200,000, then 80% of $400,000 is $320,000, minus the first mortgage of $200,00 would equal a potential HELOC of $120,000)
Low rate options!
HELOC Rates
Rates are based on your credit score:
FICO Score | Risk Grade | Prime +/- |
|---|---|---|
740 and Up | A+ | -2% |
700-739 | A | -1% |
650-699 | B | 0 |
610-649 | C | +1% |
580-609 | D | +2% |
579 and below | E | +3% |
Subject property would need to be primary residence only, single family home—no rentals, no second home or vacation homes, condo’s, etc. Prime is the published Prime Rate in the Wall Street Journal. We do have a floor rate of 4%. As of August 26, 2026, the Prime Rate is 6.75%, so for excellent credit, then the initial rate would be 6.75%- 2% = 4.75%
Payments are calculated at just 1% of your outstanding balance (example $125,000 HELOC, and if you have advanced on the credit line of just $50,000, then the payment is just 1% of the actual balance of $50,000 or $500 as an initial payment.
Have a 10 yr draw, meaning to are able to take out advances, or can pay down your loan and you can continue to draw on the Credit Line for up to 10 years.
Advances on the credit line- could go as a check or can be transferred to your savings or checking account.
Any purpose—home improvements, consolidating debts such as high rate credit cards, schooling, investments, vacation, landscaping, remodeling, etc etc.
It is also a very good product to use it when you need it.... as the credit line is good for up to 10 years!
Closing costs are waived, as long as you keep the loan open and do not close the credit line within 24 months of your initial actual closing of your HELOC .
HELOC’s in first position is also an option as a loan product—smaller loan, home paid off, etc, restrictions can apply.
Loans subject to normal Credit Union underwriting guidelines.
Call our office or you can apply on line.
NMLS# 2545752
