Home Equity Line of Credit

Unlock the equity in your home.

Our HELOC promotion has been extended! So if you’re considering a HELOC, now is a great time to do it. Now through April 30th, 2024 all new HELOC applications are eligible for an introductory 5.99% APR for the first six months and the prevailing variable rate thereafter, currently as low as 9.25% APR .**

A HELOC from DFCU Financial can be a great way to finance repairs and renovations for your home like that new kitchen or bathroom you've been wanting.

Home Equity Line of Credit (HELOC)

A variable-rate (second) mortgage loan secured by the equity in your home allows you to control the money. Access as much or little of your line of credit, or up to the line limit if you want, at any time. When you use the money, make interest-only minimum monthly payments, or pay off the balance and keep the line open. You control the payments.

HELOC features and benefits:

Some fees apply.
  • $50 Home Equity Line of Credit Annual Fee
  • Appraisal fee necessary to process the loan application (ask us for details)

APR5 Max Fixed Term Max Variable Term Max CLTV
As low as 9.25% APR N/A N/A <=80%
As low as 9.75% APR N/A N/A >80% <=90%

Rates effective as of 4/13/2024

**For NEW Home Equity Line of Credit (HELOC) applications. The promotional 5.99% APR is offered for the first six (6) months of the HELOC starting from the date the HELOC closes. Promotion excludes existing DFCU home equity product refinances. Rate Changes: The Annual Percentage Rate (APR) can change any time The Wall Street Journal Prime Rate changes. There is no limit on the amount by which the annual percentage rate can change during any one year period. The maximum APR that can apply is 18.0% or the maximum permitted by law, whichever is less. However, under no circumstances will your APR go below 3.25% at any time during the term of the plan. Rates current as of March 1, 2024, and are subject to change based on market conditions and borrower eligibility. Subject to credit approval. Your APR after the six (6) month promotional period will be higher and will be based on the prevailing variable-rate index value, your credit qualifications and the combined loan-to-value. Minimum credit line is $10,000. Maximum credit line is $750,000. 10-year draw period followed by up to a 20-year repayment period. Homeowner’s property insurance is required. Flood insurance may be required. Credit line together with any other mortgage(s) cannot exceed 90% of the property value on 1- to 4-family, owner-occupied properties. Some fees apply. $50 Home Equity Line of Credit Annual Fee, Appraisal Fee necessary to process the loan application. Promotional introductory offer applies to new HELOC applications submitted between 3/1 - 4/30/24. Must be an existing member or eligible for membership with DFCU Financial.