A Home Equity Line of Credit (HELOC) is a way for you to borrow cash using your home’s equity as collateral on as needed basis. Best of all, a HELOC can be used to pay for almost anything. Get a HELOC today with a promo rate as low as 2.99% APR* up to $300,000.
*Promo APR in effect for the first 6 months. Thereafter, the qualified variable APR and monthly payment are subject to adjustment every 6 months based on movement of the index with the fixed margin varying from 0 to +4.75% over the variable index. As of 02/01/21, the current rate is 3.25% to 7.625%.
Whether it’s for a new roof, that swimming pool you’ve always wanted, to cover the cost of tuition or just to have as an emergency fund - a HELOC is a great option for covering any major expense. You can borrow against your HELOC as you need it and only make payments when you start using it. Get approved fast for a line of credit you can use for almost anything.
*APR = Annual Percentage Rate. The promo APR is the lowest available APR in effect for the first 6 months for qualified borrowers with a minimum credit score of 700 combined loan-to-value of 80%. Thereafter, your qualified variable APR and monthly payment are subject to adjustment every 6 months based on movement of the index with the fixed margin varying from 0 to +4.375% over the variable index (Prime Rate as published in the Wall Street Journal on the 15th day of the prior month). Your qualified APR and margin are determined by various factors including individual creditworthiness and combined loan-to-value and will be disclosed to you at final approval. After the initial 6 months, your qualified APR may adjust up or down based on the movement of the index but never more frequently than every 6 months and is limited to a maximum of 1% for each occurrence. Your APR will never be lower than 3.75% and can never increase more than 6% over your qualified APR (maximum 18%). Interest rate adjustments may result in an increase in payment amount. As of 2/1/21, the current rate is 3.25% to 7.625%.
**Average closing costs on funded Home Equity Lines of Credit with Achieva Credit Union over the past 12 months averaged between $360.00 and $820.00. For Home Equity Lines of Credit equal to or greater than $100,000, Achieva Credit Union will contribute up to $650.00 towards closing costs at the time of funding.
Achieva Credit Union NMLS number 402501.
