If you already own your home, you can make your equity work for you with a Home Equity Loan. Pay for education expenses, consolidate your bills, buy a new car, or make improvements to your home – all by using your largest investment – your house! And we handle everything on-site, too, for a streamlined process.
For a limited time, lock in your HELOC rate for a term of two years with a rate as low as 6.99% APR*. APR after the intro term of two between 7.99%-18.00% APR*.
Home Equity Line of Credit
Establish a home equity line of credit (HELOC) to access funds anytime.
- Variable, competitively low rates for a number of needs
- Approval and funding in as little as five business days
- Utilize the equity you’ve built in your home as collateral
- Flexible terms, customized to your situation
- Local decision-making and processing
- Helpful, personalized service throughout the entire process
For a better understanding of Home Equity Lines of Credit, please read: What you should know about Home Equity Lines of Credit and HELOC Disclosures
Home Equity Fixed Term Loan
- Competitively low rates for a number of needs
- Utilize the equity you’ve built in your home as collateral
- Terms available up to 180 months
- Local decision-making and processing
- Helpful, personalized service throughout the entire process
NMLS #648706
**Special Introductory Annual Percentage Rate (APR) of 6.99% is fixed for the first two years from the time of closing and is valid for new home equity line of credit (HELOC) applications. After the introductory fixed-rate period of two years, the rate is variable and is currently 7.99% APR which is equal to the Prime Rate minus a 0.26% margin. The maximum APR is 18.00%. Promotion is up to 90% Loan-to-Value financing and applies to Owner-Occupied primary residences only. The minimum amount of each advance is $300. No refinancing of an existing Arize FCU Home Equity Line of Credit (HELOC) is allowed. The monthly payment may vary based on the loan balance and market conditions. Property and Hazard insurance are required; flood insurance may be required. Consult with your tax advisor on possible tax benefits. The borrower is responsible for the closing and appraisal costs, typically from $250 – $500, and additional fees may apply. Arize FCU reserves the right to end this promotional rate at any time. Membership eligibility and a savings account with a $5 opening deposit are required. Applications are subject to approval, and certain additional restrictions may apply. For further information regarding this promotion, don’t hesitate to contact the credit union.
For a better understanding of Home Equity Lines of Credit, please read: What you should know about Home Equity Lines of Credit
Consult a tax advisor regarding the deductibility of interest.