Home Equity Line of Credit (HELOC)
Unlike a loan, a line of credit is readily available — you apply for the line once, then draw on it as you need it. Anything you’ve paid is immediately available to draw on again and you only pay interest on what you’ve borrowed.
For any recurring or one-time needs, we have competitive rates based on loan-to-value (LTV) for you!
As principal is repaid, it becomes available for use again. Draw on the line of credit for up to 10 years with repayment terms up to 15 years.
Local Decision Making
Our easy application process with attentive, friendly service from start to finish will provide you with an unparalleled loan experience.
Enjoy the Perks
Standard and interest-only HELOC options
The existing equity in your home is used as collateral backing
Funds available anytime without reapplying; apply once, then use repeatedly thereafter
Revolving credit — as principal is repaid, more becomes available for use
Funds easily available via check or in-person/online transfer
Pay interest on only the amount you use
Ideal For Members
With fluctuating income
Who plan on selling their home after renovations
Who need to consolidate debt
Who need a large sum of cash for an investment
Who need to minimize monthly payments
Making a down payment on a second home before selling their first
NEW Interest-Only HELOC
All the benefits of our standard HELOC with the ability to make very low interest only payments. This gives you ultimate flexibility while keeping payments minimal.
Home Equity Line of Credit
Kenya explains what a HELOC is and how you can use it. In this video, we discuss the difference between a Home Equity Line of Credit and a conventional home equity loan as well as the advantages and disadvantages of HELOCs.