Home Equity Line of Credit

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Get Three Months of 0% Interest

Enjoy three months with 0% APR** on a new home equity line of credit! Then, enjoy a low standard variable rate (as low as 8.00% *APR) thereafter.

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Use your home equity with low rates and no surprise fees.

A home equity line of credit (HELOC) is a flexible and affordable way to cover large, ongoing or unexpected expenses, like home improvements and debt consolidation. 

  • Variable-rate line of credit with a $5,000 minimum credit limit.
  • No annual fees, no prepayment penalties, or no or low closing costs.1
  • Borrow up to 100% of your home equity (LTV).
  • Use and reuse funds and pay interest only on what you borrow.
  • 5-year draw period, then take up to 15 years to pay off any remaining balance.
  • Interest may be tax deductible (consult your tax advisor).
  • Access your line 24/7 in Web Branch. Checks available on request.

Use your line how you want:

  • Option to make interest-only payments during your draw period.
  • Option to renew your draw period two times, for a total draw period of 15 years.
  • Option to convert your balance to a fixed-rate home equity loan.

View Rates

A HELOC may be a good choice if:

  • You want a lower rate alternative than other loan options.
  • You have a good amount of equity built up in your home.
  • You want ongoing access to cash, such as for emergencies or college tuition.


Get a Lower Rate When You Refinance

Move your HELOC to UW Credit Union and get three months at a lower rate!

Find Your Rate & Apply - It's Easy


View Your Rate

Get your personalized rate with no hidden fees and no obligation. Checking your rate will not affect your credit score.


Choose Your Loan & Apply

Select the option that works for you and complete your application.


Submit & Finalize 

Our team will review your app and get your funds secured.

Frequently Asked Questions2

How do I access the funds of my home equity line of credit?
How does a home equity line of credit (HELOC) work?
What's the difference between a credit card and a home equity line of credit?
When does the introductory rate on the home equity line of credit start? How long does it last?
How long does my home equity line of credit stay open?
What is the highest rate that a home equity line of credit can have?

>> More Home Equity FAQs

Get in Touch

It's about more than getting a great rate — our team of local experts are here to answer all of your questions before, during and after the HELOC process.

ITIN Lending - UWCU is proud to accept ITIN for HELOC applications.