Home Equity Line of Credit

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Use and reuse funds to pay for all your big plans.

A home equity line of credit (HELOC) is a flexible and affordable way to cover large, ongoing or unexpected expenses, such as home improvement projects, debt consolidation, college tuition or a vehicle purchase. Access your line 24/7 in Web Branch and use it again and again.

  • Variable-rate line of credit with a $5,000 minimum credit limit.
  • Special low intro rate for 12 months; standard low rate thereafter.1
  • Pay interest only on what you borrow.
  • Use and reuse funds as needed, up to your credit limit.
  • 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).
  • Checks available upon request.
  • No annual fees, no prepayment penalties, no closing costs.2

Use your line in the way that works for you:

  • 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 line of credit balance to a fixed-rate loan for steady repayments.3

A home equity line of credit may be the right choice if:

  • You want a lower rate than other line of credit options such as credit cards.
  • You have a healthy amount of equity built up in your home.
  • You need ongoing access to cash, such as for a home remodel project or college expenses.

Learn more about home equity loans and lines in our FAQs.

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Happy couple viewing a HELOC special offer at UW Credit Union.

Intro - 12 Months Variable Rate Line of Credit1

Rates as Low as
1.99
%
APR *

Standard
Variable Rate Line of Credit1

Rates as Low as
3.99
%
APR *

 

Tools & Resources

  • Get a Rate Quote
    Compare lending options, rates and payments based on your unique situation.
  • Use Our Calculators
    Estimate how much credit you may qualify to receive, how long it will take to pay off and more.
  • View Current Offers
    Explore money-saving offers and exclusive promotions for home equity loans and lines.