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.

For example: If a home is valued at $200,000 and the remaining mortgage balance is $100,000, we would lend up to $60,000. ($200,000 x 80% = $160,000 – $100,000 = $60,000)

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

Call or email us for more information and rates.

Home Equity Line of Credit from HCFCU