Home-equity-line-of-credit-at-Finex-Credit-Union
4.9 (480 Reviews)

Harness Your Home's Potential With A HELOC

Money at your fingertips, when you need it most. It may sound too good to be true, but it's legit! A Home Equity Line of Credit (HELOC) allows you to borrow as little or as much as you need, to cover life's planned or unexpected expenses.

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HELOC Rates

1 APR = Annual Percentage Rate. The displayed APR represents the lowest possible rates available. Rates are based on credit score and are subject to change without notice.



Rates as of June 27, 2023
Term
Max Loan to Value
Premier Accounts APR1
General Membership APR1
Term
Variable
Max Loan to Value
To 80%
Premier Accounts APR1
8.50%
General Membership APR1
8.50%

1 APR = Annual Percentage Rate. The displayed APR represents the lowest possible rates available. Rates are based on credit score and are subject to change without notice.



Start your HELOC application here:

Prepare For Tomorrow, Plan For The Future

Home Equity Line of Credit Perks

If you need some extra cash for a home improvement project, a dream vacation, to consolidate debt, or to have an emergency fund, a Finex Credit Union Home Equity Line of Credit is an affordable solution!

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Access Up To $400K

Use the equity you have built in your home to access an affordable home equity line of credit. Apply 24/7 and borrow between $25,000 - $400,000.
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48 Hour Approvals

Have confidence that our loan experts will process your application as fast as possible, so you can access your money the moment you need it.
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Prepay All Day

When you are ready to make an additional payment, we have your back! There are no prepayment penalties you have to deal with!
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Whatever You're Looking To Accomplish...

Your Home Equity May Be Able To Help!

Tackle-your-home-improvement-projects-with-Finex-Credit-Union.

Tackle Your Project

If you're looking to make some home improvements, a Home Equity Line of Credit from Finex Credit Union is definitely the way to go! Using the equity you have built up in your home, you can access the money you need a little at a time, or all at once to get the job done right!

  • Borrow between $25,000 - $400,000.
  • No need to know the total project cost before you apply for your HELOC.
  • Enjoy a 10-year draw period and a 15-year repayment period. 
  • Apply online 24/7 from anywhere.
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A-Heloc-from-Finex-Credit-Union-can-help-you-with-the-dream-vacation-you-have-been-planning.

Endless Options

While people commonly think of home improvement projects as the main purpose of a HELOC, the options are endless! Take advantage of our 10-year draw period and rely on your HELOC to help cover life's planned and life's unexpected surprises!

  • Dream wedding.
  • Family vacation.
  • New addition.
  • Further your education.
  • Anything you can imagine.
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A-heloc-can-help-with-unexpected-emergencies.

Peace Of Mind

Let's be honest, no one knows what the future holds. While life is full of excitement and thrills, it can also be full of twists and turns. 

Protect yourself and your family with the added security of a Finex Credit Union Home Equity Line of Credit (HELOC). Your line of credit lets you withdraw funds for ten full years! After your 10-year draw period, you have 15 years to repay what you have borrowed. If you are looking for a safety net for the future, a HELOC is where it's at.

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A HELOC Can Do It All

Home Improvement Is Just The Beginning

One easy online Home Equity Line of Credit application can open the door to endless possibilities! You can count on Finex Credit Union to offer you and your family the tools you need to succeed.

  • Special event
  • Education and tuition
  • Home improvements and repairs
  • Debt consolidation
  • The choice is yours
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Dive Into The Details

What is a HELOC?

A HELOC, also known as a Home Equity Line of Credit, is a great way to borrow money at an affordable rate. Using your home as collateral, you can gain access to the equity you have built in your home.

  • Revolving line of credit.

    Similar to a credit card, it is a revolving line of credit, which means you can borrow from your line of credit, repay it, and continue to borrow from it without having to reapply.
  • Draw period of 10 years.

    Enjoy borrowing money as often as you need over 10 full years and only make interest payments on the amount you borrow.
  • Repayment period of 15 years.

    Once the draw period ends, you can no longer borrow the cash, and you start making payments of the interest and principal until the loan is paid off.
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HELOC vs Home Equity Loan

Compare the similarities and differences between Home Equity Lines of Credit and Home Equity Loans. As an added bonus, see how they compare to a Finex Credit Union Personal Loan which doesn't require you to have equity in your home.

Line of Credit

HELOC

  • Line of Credit
  • Variable (Changing) Rate
  • Secured By Your Home
  • Access Money Over 10 Years
  • Pay Back Over 15 Years
  • No Application Fee
  • Use Money For Anything
  • No Prepayment Penalties
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One Time Loan Using Equity

Home Equity Loan

  • One Large Sum
  • Fixed Rate
  • Secured By Your Home
  • Set Loan Term
  • No Application Fee
  • Use Money For Anything
  • No Prepayment Penalties
Apply Now
One Time Loan No Equity

Personal Loan

  • One Large Sum
  • Fixed Rate (Typically Higher)
  • Unsecured (No Collateral)
  • Set Loan Term
  • No Application Fee
  • Use Money For Anything
  • No Prepayment Penalties
Apply Now

What our members are saying...

"Finex Credit Union's loan officer, Samantha, has been very helpful with getting me the loans I needed to reach my financial goals. She made the process to get me the loans I needed smooth and because of her professional skills and knowledge, I will always be a Finex Credit Union satisfied member."
Carlos V.
"Great bank so far. I signed up with them through my employer and they gave me a second chance! Everyone from the virtual tellers to the actual people at the Burnside Ave location are beyond wonderful. Samantha got me approved for a loan the same day literally within 3 hours."
Chelsea G.
"I was a little skeptical about filing out a loan application online. But the process was surprisingly easy to use. And the credit union employees were very knowledgeable about the whole process and able to answer all my questions."
Steve H.
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