Home Equity Line of Credit

Choose your own adventure!

When you choose our Home Equity Line of Credit (HELOC), you can leverage the value of your home to get approved for a certain spending limit, and then use as little or as much as you need to travel the world, further your education, or pursue your dreams! What will your adventure be?

Apply today!

  • Pay interest only on the amount you actually use.

  • Borrow from your line of credit again and again as needed.

  • As you pay towards the debt, more of the credit line becomes available again.

  • Transfer the funds to your Checking Account so you can pay with checks, debit card, even Bill Pay!

  • Access funds using convenience checks. Simply stop in to any branch for us to print them today, or call us and we'll mail them to you.

  • Tax advantages may apply (consult your tax adviser).

Home Equity Line of Credit (HELOC) Rates

  •  Rates as of 4/1/17
Annual Percentage Rate as low as Draw Period Alert Me
3.25% variable rate1 15 years
No Closing Cost options are available. Rates quoted “as low as” are subject to change without notice. Rate determined by credit score, term of loan, and oil/gas lease situation. All loan applications are subject to approval. The Credit Union reviews every loan application to ensure fairness and compliance to CFCU policy. Property taxes and insurance premiums are not included.
  • 1The Annual Percentage Rate may vary after the account is opened. The maximum rate is 16.00%.

HOME MORTGAGE DISCLOSURE ACT NOTICE

The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials. Inquire at this office regarding the locations where HMDA data may be inspected. To receive a copy of these data, send a written request to CFCU Community Credit Union, Mortgage Lending Department, 1030-1050 Craft Road, Ithaca, NY 14850.