Home equity line of credit

As you pay your mortgage and your house increases in value, borrow using the equity that you’ve built up in your home. It’s a smart way to borrow since home equity interest rates are often lower than the interest on many credit cards and personal loans. A flexible home equity line of credit lets you borrow over and over again as you pay off your balance.

The credit union will pay for your closing costs if you keep your home equity line of credit open for at least three years.*

Home Equity Lending Rates

Information effective July 1, 2024.
Loan Amount $10,000 – $150,000
TermAmountAPR* as low as
Revolving Line of Credit80% Appraised Value less First MortgagePrime** + .25%
Revolving Line of Credit90% Appraised Value less First MortgagePrime** + 1.00%
* APR = Annual Percentage Rate. Credit union will pay closing costs; however, if the line of credit is paid off within 3 years, reimbursement is due to the credit union. Appraisal Fee: $400. Processing time: 3 to 4 weeks.
** Prime rate as published at www.fedprimerate.com. The equity loan rate is subject to change on the first day of the quarter (January, April, July & October) following a change in the prime rate. Draw Period: 15 years (access with home equity checks); First Advance: $2,500 minimum; $500 increments thereafter.

Apply at our branches

Home equity lines of credit are available to members in good standing; approval is based on your credit history and debt-to-income ratio. Bring your two most recent pay stubs when you apply at a branch.

Call a Loan Officer at 855-597-5766 (option 3) during banking hours for more information or send an e-mail to info@fivestarfcu.org.

Using home equity is a low-rate, smart way to borrow!

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