Home Equity Loans & Lines of Credit

Looking to do some home improvements, consolidate debt, pay for a wedding, college, or other expense?  Heritage Family Credit Union offers two home equity options securing the equity in your primary or second home. We offer both loans with quick turn around time (about 4 weeks), and no closing costs for qualified borrowers.

What product is right for you?

 

Home Equity Line of Credit (HELOC)	Home Equity Loan
Revolving credit line using the available equity in your home	One-time disbursement of funds using the available equity in your home
Rate is fixed for the first two years from the date of closing	Fixed rate and payment for the term of the loan
Principal and interest payments when there is an outstanding balance	Can be used for purchase funds
Borrow up to 100% of the available equity	Borrow up to 100% of the available equity
Draw funds, pay the balance off, and use again, or keep the line available with no balance	Available discount of .5% off current rate for alternative energy, renewable energy, or home energy efficiency projects
	Home improvement only loans up to 133% of the available equity
Term: 10 year draw, 15 year term	Terms from 3 years to 15 years
Apply for a Home Equity Line of Credit (members) Apply for a Home Equity Line of Credit (non-members)	Apply for a Home Equity Loan

 

Ready to apply? Gather the documents you'll need for your application before you start. Download the Mortgage Loan Application Checklist before you begin!
 

Learn more about home equity by downloading this guide.