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.

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

Ready to apply? Gather the documents you'll need for your application before you start. Download the Home Equity Line of Credit Application Checklist before you begin!

Learn more about home equity by downloading this guide.

Whether you are in the market to buy a new home or refinance to take advantage of lower rates, HFCU has the right mortgage to fit your needs.
Real Estate Lenders
Meet Heritage Family Credit Union's real estate lenders. They are here to help you every step of the way.