Home Equity Loans and Lines

With a Home Equity Line of Credit (HELOC), you might already have a great resource for home repairs, vacations, college expenses, debt consolidation, or almost anything, and at a very low rate.*

With a line of credit, you only pay interest on the money drawn from your line, and the payments are based accordingly. One of our credit union home equity professionals can explain how a home equity loan works, and help with the math.

You have several options to access your funds (online, checks) and no minimum withdrawal amounts. It's easy and convenient to get the amount you need when you need it.

The interest paid on your home equity line of credit may also be tax-deductible (consult your tax advisor to see if you are eligible for this benefit). There are no closing costs associated with this service, and there is a low $35 annual fee (waived for the life of the loan for applications received through 12/31/15). Minimum loan amount is $5000. There are NO prepayment penalties if the line is open and active for at least 12 months.*

* The rate is variable, based on the Prime Interest Rate published in the Wall Street Journal as a basis. Rates may vary based on changes in the Prime interest rate and on the applicant’s credit score, so please call or stop in to your local office for complete rate information. For Ohio properties only and some restrictions apply. This is not a commitment to lend. Equal Opportunity Lender. Closing costs and prepayment penalties are waived if the loan is open for at least 12 months. Terms and rates shown here are subject to change without notice.