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 4.99% 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 03/09/23, 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 variable APR for a Home Equity Line of Credit is the lowest available and is the introductory APR for the first 6 months. Your qualified APR for the initial 6 months and beyond is determined by various factors and will be disclosed to you at final approval. At this time the fixed margin may vary 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). 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. The APR will never be lower than 5.00% and can never increase more than 6% over your qualified APR (maximum 18%). Interest rate adjustments may result in an increase in your payment amount and loan term. Closing Cost Fees up to $650.00 will be paid by the Credit Union (excluding full appraisal) with an advance of at least $10,000 on the day of disbursement (repayment of ACU debt excluded). Achieva offers this benefit up to two times per property. Property insurance is required. Minimum loan amount is $10,000.
**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.
