Home Equity Line of Credit

Apply once and draw as much as you need, paying for only what you use.



Tap into your home equity

 

Unlike a loan, a line of credit is readily available but you only pay interest on what you use. Backed by the equity in your home, apply for the line once, then draw on it as you need funds. The line of credit can be paid down at any time making it a flexible loan option. A HELOC is a great tool for home improvement projects, unexpected costs, education expenses, and more. In some cases, the interest may even be tax deductible!* Ready to unlock the equity in your home?

 

Apply for a Loan Today!

Are you currently a member of Affidian Credit Union?


Low Rate
Traditional HELOC
Best for: Members needing access to more than $250k or with sub 700 credit scores.
  • Low APR** tied to prime
  • Borrow up to $400k
  • 640+ credit score
  • Minimal closing costs
  • Great for home improvement projects, emergency expenses, and more.

Sub-Prime rate
Affinity HELOC
Best for: Members with great credit wanting a low-cost option for projects under $250k or in case of emergencies.
  • Rate is always sub-prime for all borrowers
  • Floor rate of 4% APR**
  • Borrow up to $250k
  • 700+ credit score
  • $300 application fee
  • Great for home improvement projects, emergency expenses, debt consolidation, college expenses, and more.

lowest payments
Interest-only heloc
Best for: Meeting short-term cash needs while keeping payments low and flexible.
  • Low APR** tied to prime
  • Borrow up to $250k
  • Low closing costs
  • Great for
    • A down payment on a second home before you sell the first
    • members with fluctuating income
    • a large sum of cash for a short-term investment
    • members who plan to sell a home after renovations

























Features & Benefits

  • Borrow up to $400,000
  • Rate based on loan-to-value ratio (LTV)
  • Transfer funds to your checking account for easy spending
  • Pay interest on only the amount you use
  • Revolving credit - as principal is repaid, more becomes available for use
  • The interest paid may be tax-deductible*
  • Funds are available anytime for the first 10 years, then 15-year repayment after the initial 10-year period is up
  • Easy application process

Want to know how much equity you have available?
















































home equity line of credit

Unlock your home equity

 
Take advantage of the equity in your home to finance virtually anything.
 
 
 
*Consult a tax advisor
**Annual percentage rate