HCFCU

HOME EQUITY LINE OF CREDIT

Looking to purchase that big ticket item? The funds you need may be right in your own backyard – or closer! Many of our satisfied members have used home equity loans for:

  • College tuition
  • Purchase a car
  • Pay for car repairs
  • Funeral expenses
  • Vacation
  • Pay off higher rate loans
  • Home improvement

Borrow up to 80% of the equity in your home minus first mortgage balance with a maximum amount of $50,000.

For example: If a home is valued at $150,000 and the remaining mortgage balance is $100,000, we would lend $20,000. ($150,000 x 80% = $120,000 – $100,000 = $20,000)

  • May be tax-deductible*
  • Minimum loan amount $5,000
  • Maximum loan amount $50,000
  • Variable rates
  • Quick turnaround time!

Call or email us for more information and rates.

Home Equity Line of Credit from HCFCU