Home Equity Line of Credit

Unlock the equity in your home.

A HELOC from DFCU Financial can be a great way to finance repairs and renovations for your home like that new kitchen or bathroom you've been wanting.


Home Equity Line of Credit (HELOC)

A variable-rate (second) mortgage loan secured by the equity in your home allows you to control the money. Access as much or little of your line of credit, or up to the line limit if you want, at any time. When you use the money, make interest-only minimum monthly payments, or pay off the balance and keep the line open. You control the payments.

HELOC features and benefits:

Some fees apply.
  • $50 Home Equity Line of Credit Annual Fee
  • Appraisal fee necessary to process the loan application (ask us for details)

APR5 Max Fixed Term Max Variable Term Max CLTV
As low as 9.25% APR N/A N/A <=80%
As low as 9.75% APR N/A N/A >80% <=90%

Rates effective as of 2/21/2024

5Variable Rates: The Annual Percentage Rate (APR) is determined by the sum of the Prime Rate as listed in the Money Rates table of the Wall Street Journal (index) plus a margin of at least 0.75% and is subject to change the first day of each month. Any change in the APR will take the form of additional payments of the same amount. The maximum APR that can apply is 18.00% or the maximum permitted by law, whichever is less. Home equity loan or line of credit must be secured by a primary Michigan or Florida residence or a secondary lien on a Michigan or Florida vacation home and must be owner-occupied. Late Fee: if your payment is more than 15 days late you will be charged a $20 late fee. Home Equity Line of Credit Annual Fee: $50; Personal Line of Credit Annual Fee: $25. We do business in accordance with the Federal Fair Housing Laws and the Equal Credit Opportunity Act.