Home Equity Line of Credit
Introducing the Advantage Home Equity Line of Credit (HELOC)[1, 2]
Flexibility | Lower initial payments | Interest savings | Repayment options | No fees
Whether you’ve paid down your mortgage or gained ground with rising home values, using the equity in your home can be a valuable financial tool. And unlike higher rate loans and credit cards, the equity in your home is one of the most cost-effective ways to cover life’s expenses like accumulated debt, higher education, weddings, home improvements – you get the idea!
Enjoy These Key Features:[1]
- Up to 90% of your home’s value with loan amounts as high as $250,000
- Interest savings with rates as low as Prime + 1.00% APR
- Lower payments during an initial 10-year draw period with interest-only options available
- Flexibility to access funds over time
Discover the benefits:
Similar to a credit card, a HELOC is a revolving line of credit – you only pay back the funds you’ve used, and as you repay, your balance once again becomes available. The difference? A HELOC allows you to borrow funds at a much lower interest rate.
The Advantage Home Equity Line of Credit gives you a 10-year draw period to access funds. With the opportunity to allocate funds for specific purposes or projects over time you’ll benefit from being able to budget for planned expenses and have the ability to cover unexpected needs that may arise during this period.
Get Started
If you’re a member, you can apply online anytime or give us a call at (800) 849-8431 to apply with an experienced loan officer.
Not a member yet? It’s easy to apply online.
For additional information, call (800) 849-8431 or contact us online.
[1]Credit Union Membership eligibility and credit qualifications apply. APR = Annual Percentage Rate. The prime rate is based on the highest prime rate listed in the Wall Street Journal’s Money Rates Table on the last business day of each month. Because prime is a variable rate, your APR and monthly payment will change when prime changes, with adjustments taking effect in the next billing cycle. The current prime rate is 6.75% as of December 11, 2025, with a maximum APR of 17.99%. Rates start as low as Prime + 1.00% APR and depend on your home’s value, available equity, credit score, total debt and our underwriting standards. Not all applicants qualify or receive the lowest rate. Final terms and interest rate will be provided in your loan agreement. All terms are subject to applicable laws, regulations, and lending guidelines, and may change at any time. We may modify or end the HELOC in accordance with legal requirements. We’ll notify you as required by law. A Home Equity Line of Credit is secured by a first or second mortgage on your primary residence. Investment or rental properties are not eligible. Credit lines range from $20,000 to $250,000 with a maximum loan to value of 90%. The term is 25 years, including a 10 year draw period followed by a 15 year repayment period. Closing costs typically range from $900 to $3,000, and flood or hazard insurance may be required. For Interest Only HELOCs, your minimum payment covers only interest, so your principal balance will not decrease until you make additional payments. Monthly payments may increase significantly when the repayment period begins and could result in a balloon payment. Consult a tax advisor regarding interest deductibility. Programs, rates, terms, and conditions may change without notice. Other restrictions may apply.
[2]HELOCs not available in the State of Texas.