Home Equity Line of Credit (HELOC)

Our Home Equity Line of Credit is designed to "fit your lifestyle"!

With the equity you've built up in your home over the years, you could be sitting on a lot of money. To find out just how much, come meet with a financial service officer at FSU Credit Union. We can help put your equity to work for you with a fast, affordable home equity loan. You could be buying that new boat or taking a much-needed vacation this year after all.

H.E.L.O.C.

Make your house work for you!

Interest rates currently at Prime plus 150 basis points.*
Option of 5-year fixed rate available.*
Interest you pay is usually tax deductible (please consult your tax advisor).
A Home Equity Line of Credit is perfect when you want to draw on cash over a period of time and only pay interest when you have an outstanding balance.
Financing up to 100% loan-to-value with approved credit (up to $50,000).**
Financing up to 90% loan-to-value with approved credit (up to $100,000).**
Financing up to 80% loan-to-value with approved credit (up to $250,000).**

(**Of course, standard credit qualifications apply.)

Competitive rates and maximum term of 360 months.
Low closing costs to save you money. Or, better yet - withdraw a minimum of $5,000 on your initial withdraw and the Credit Union will pay all of your closing costs for you!
Loans starting as low as $5,000.
No application fee, which saves you even more!

You can use your home’s equity to make property improvements, take a vacation, or consolidate your bills.

Mobile homes may be excluded.

*Home Equity Line-of-Credit has a variable Annual Percentage Rate (APR) with a maximum APR of 18%. The adjustable index for these loans will be based on the prime interest rate as quoted in the Wall Street Journal two business days prior to the change and adjusted on the 1st business day of each quarter. The Credit Union reserves the right to reinstate the original floor APR at any time at its sole discretion. The fees and costs required to open the Home Equity Line-of-Credit are usually between $50 and $1500. These fees will be paid by the credit union if your initial withdrawal is at least $5,000. If your loan is satisfied in full within the first year, you must pay back all of the closing costs. If the loan amount is satisifed in full within the second year, you must pay back half of the closings costs. Property insurance is required. Credit standards apply. Please contact a credit union representative at 877-GO-FSU-CU for more details.