You bought your home, you’ve been making regular payments, and you’ve built up equity. Now it’s time to put that equity to work for you.
Take $100 off your HELOC closing costs for every 12,000 Member Rewards points you redeem†. Simply let your loan officer know that you’d like to redeem points to lower your costs.
† Minimum redemption amount is 12,000 points for a savings of $100 towards closing costs. Points must be redeemed in increments of 12,000.
|Home Equity Line of Credit||APR as Low as1|
|Flex-Line HELOC – 80% loan-to-value||6.75%|
|Flex-Line HELOC – 90% loan-to-value||8.25%|
1APR = Annual Percentage Rate.
Rates effective as of December 1, 2022.
HELOC rates are variable and subject to change monthly. The maximum APR is 18%.
Closing costs can range from $50 - $3,000. Closing costs waived up to $300 (excluding appraisal if required); not applicable on internal refinances within 12 months of original opening date.
Interest-only payments only available for loans approved at 80% LTV.
Rates are based on an evaluation of your credit history and other factors, so your rate may differ.
All loans subject to approval. Speak to a loan officer for details.
Membership with a $5 Share Account required.
Home Equity Lines of Credit allow you to borrow against the equity in your home to finance virtually anything, from home projects to travel and more. You can draw on your credit as needed up to an approved amount, over a specific period of time, then pay it back at a low, variable interest rate.
Use our calculator to determine the available equity in your home.
You may transfer available funds from your line of credit to your checking account in CU Online or on the Wings Mobile App.
Yes, closing costs can range from $50 - $3,000. Wings will waive up to $300 (excluding appraisal if one is required).
A portion of your interest may be tax-deductible (consult your tax advisor).
A Home Improvement Loan is a one-time installment loan at a fixed rate, providing a single lump sum and predictable monthly payments over the loan’s term. The loan is not secured by a dwelling.
A Home Equity Line of Credit is a revolving, variable-rate line of credit you can draw on as is needed, over a time frame of up to 10 years.